Europa Metals Ltd Conversion of Performance Rights (2466W)

TIDMEUZ

RNS Number : 2466W

Europa Metals Ltd

11 December 2023

11 December 2023

Europa Metals Ltd

("Europa Metals", the "Company" or the "Group") (AIM, AltX: EUZ)

Conversion of Performance Rights,

Directors' Dealings and Issue of Equity

Europa Metals, the European focused lead, zinc and silver developer, announces that the Company is today issuing, in aggregate, 3,500,000 new Ordinary Shares to two directors of the Company following the conversion of performance rights (the "Conversion Shares"). The relevant performance milestone conditions for the performance rights were achieved during the course of the year. Refer to the RNS of 24 January 2023 for further details.

Application will be made to the London Stock Exchange for the abovementioned 3,500,000 Conversion Shares to be admitted to trading on AIM and to the JSE for quotation on AltX ("Admission"). It is expected that Admission will become effective and that dealings in the Conversion Shares will commence at 8.00 a.m. on Friday, 15 December 2023 on AIM and on Monday, 18 December 2023 on the JSE.

Following Admission, the Company's total issued ordinary share capital will comprise 97,671,790 Ordinary Shares with voting rights. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company's share capital pursuant to the Company's Constitution.

Following Admission, the beneficial shareholdings of the directors receiving Conversion Shares will be as follows:

 
 Director         Position                 Number          Total number     % of voting 
                                    of Conversion    of Ordinary Shares     rights held 
                                        Shares to     held on Admission    on Admission 
                                      be received 
                  Executive 
                   Chairman 
                   and acting 
 Myles Campion     CEO                  3,000,000             5,108,182            5.23 
                  Non-Executive 
 Daniel Smith      Director               500,000               500,000            0.51 
 

For further information on the Company, please visit www.europametals.com or contact:

Europa Metals Ltd

Dan Smith, Non-Executive Director and Company Secretary (Australia)

T: [phone]

Myles Campion, Executive Chairman and acting CEO (UK)

T: [phone]

Beaumont Cornish (Nominated Adviser/Broker)

James Biddle

T: [phone]

Questco Corporate Advisory Proprietary Limited (JSE Sponsor)

Danielle Christodoulou

T: [phone]

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ("MAR") as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended .

PDMR Notification Forms

The notifications below are made in accordance with the requirements of MAR.

 
       Details of the person discharging managerial responsibilities 
  1.    / person closely associated 
 a)    Name                              Myles Campion 
      --------------------------------  ------------------------------------- 
       Reason for the Notification 
  2. 
      ----------------------------------------------------------------------- 
 a)    Position/status                   Executive Chairman and acting CEO 
      --------------------------------  ------------------------------------- 
 b)    Initial notification/amendment    Initial notification 
      --------------------------------  ------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3.    auction platform, auctioneer or auction monitor 
      ----------------------------------------------------------------------- 
 a)    Name                              Europa Metals Ltd 
      --------------------------------  ------------------------------------- 
 b)    LEI                               2138008QU5PGK777XM59 
      --------------------------------  ------------------------------------- 
       Details of the transaction(s):section to be repeated for 
  4.    (i) each type of instrument; (ii) each type of transaction; 
        (iii) each date; and (iv) each place where transactions 
        have been conducted 
      ----------------------------------------------------------------------- 
 a)    Description of the Financial      Ordinary shares of no par value each 
        instrument, type of instrument 
      --------------------------------  ------------------------------------- 
       Identification code               AU0000090060 
      --------------------------------  ------------------------------------- 
 b)    Nature of the Transaction         Conversion of performance rights 
      --------------------------------  ------------------------------------- 
 c)    Price(s) and volume(s)             Price(s)     Volume(s) 
                                           Nil pence    3,000,000 
                                                       ---------- 
      --------------------------------  ------------------------------------- 
 d)    Aggregated information            N/A (Single transaction) 
        Aggregated volume price 
      --------------------------------  ------------------------------------- 
 e)    Date of the transaction           11 December 2023 
      --------------------------------  ------------------------------------- 
 f)    Place of the transaction          Outside of a trading venue 
      --------------------------------  ------------------------------------- 
 
 
       Details of the person discharging managerial responsibilities 
  1.    / person closely associated 
 a)    Name                              Daniel Smith 
      --------------------------------  ------------------------------------- 
       Reason for the Notification 
  2. 
      ----------------------------------------------------------------------- 
 a)    Position/status                   Non-Executive Director 
      --------------------------------  ------------------------------------- 
 b)    Initial notification/amendment    Initial notification 
      --------------------------------  ------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3.    auction platform, auctioneer or auction monitor 
      ----------------------------------------------------------------------- 
 a)    Name                              Europa Metals Ltd 
      --------------------------------  ------------------------------------- 
 b)    LEI                               2138008QU5PGK777XM59 
      --------------------------------  ------------------------------------- 
       Details of the transaction(s):section to be repeated for 
  4.    (i) each type of instrument; (ii) each type of transaction; 
        (iii) each date; and (iv) each place where transactions 
        have been conducted 
      ----------------------------------------------------------------------- 
 a)    Description of the Financial      Ordinary shares of no par value each 
        instrument, type of instrument 
      --------------------------------  ------------------------------------- 
       Identification code               AU0000090060 
      --------------------------------  ------------------------------------- 
 b)    Nature of the Transaction         Conversion of performance rights 
      --------------------------------  ------------------------------------- 
 c)    Price(s) and volume(s)             Price(s)     Volume(s) 
                                           Nil pence    500,000 
                                                       ---------- 
      --------------------------------  ------------------------------------- 
 d)    Aggregated information            N/A (Single transaction) 
        Aggregated volume price 
      --------------------------------  ------------------------------------- 
 e)    Date of the transaction           11 December 2023 
      --------------------------------  ------------------------------------- 
 f)    Place of the transaction          Outside of a trading venue 
      --------------------------------  ------------------------------------- 
 

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December 11, 2023 02:00 ET (07:00 GMT)