Europa Metals Ltd Directors' Dealings and Issue of Equity (2879V)

TIDMEUZ

RNS Number : 2879V

Europa Metals Ltd

08 August 2022

8 August 2022

Europa Metals Ltd

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

Fee Conversions, Directors' Dealings and Issue of Equity

Europa Metals, the European focused lead, zinc and silver developer, announces, further to its announcement of 26 January 2022, the conversion by certain of its directors of an aggregate amount of GBP33,002 of deferred/accrued remuneration for the six month period ended 30 June 2022 into new ordinary shares of no par value in the capital of the Company ("Ordinary Shares") (the "Fee Conversions"). Pursuant to the Fee Conversions, the Company is today issuing, in aggregate, 906,265 new Ordinary Shares (the "Conversion Shares") at a blended issue price of approximately 3.64 pence per share as determined by applying the relevant monthly volume weighted average price for the Company's Ordinary Shares on AIM and relevant month end AUD:GBP exchange rate, as applicable, to 50 per cent. of each participating director's fees/salary for the period concerned. The Company's former Chief Executive Officer, Mr Laurence Read, is not receiving any Conversion Shares in light of his previously announced resignation (effective from 2 February 2022).

Application will be made to the London Stock Exchange for the abovementioned 906,265 Conversion Shares to be admitted to trading on AIM ("Admission") and to the Johannesburg Stock Exchange for quotation on AltX. It is expected that Admission will become effective and that dealings in the Conversion Shares will commence at 8.00 a.m. on 12 August 2022.

Following Admission, the Company's total issued ordinary share capital will comprise 80,036,914 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 
 Myles Campion     and interim-CEO           768,529             1,017,323            1.27 
 Dr Evan          Non-Executive 
  Kirby            Director                  137,736               163,594            0.20 
 

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 interim-CEO (UK)

T: [phone]

Strand Hanson Limited (Nominated Adviser)

Rory Murphy/Matthew Chandler

T: [phone]

   WH Ireland Limited   (Broker) 

Harry Ansell/Dan Bristowe/Katy Mitchell/Sarah Mather

T: [phone]

Questco Corporate Advisory Proprietary Limited (JSE Sponsor)

Sharon Owens

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 interim-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 accrued fees 
      --------------------------------  ------------------------------------- 
 c)    Price(s) and volume(s)             Price(s)      Volume(s) 
                                           3.64 pence    768,529 
                                                        ---------- 
      --------------------------------  ------------------------------------- 
 d)    Aggregated information            N/A (Single transaction) 
        Aggregated volume price 
      --------------------------------  ------------------------------------- 
 e)    Date of the transaction           12 August 2022 
      --------------------------------  ------------------------------------- 
 f)    Place of the transaction          Outside of a trading venue 
      --------------------------------  ------------------------------------- 
 

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                              Dr Evan Kirby 
      --------------------------------  ------------------------------------- 
       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 accrued fees 
      --------------------------------  ------------------------------------- 
 c)    Price(s) and volume(s)             Price(s)      Volume(s) 
                                           3.64 pence    137,736 
                                                        ---------- 
      --------------------------------  ------------------------------------- 
 d)    Aggregated information            N/A (Single transaction) 
        Aggregated volume price 
      --------------------------------  ------------------------------------- 
 e)    Date of the transaction           12 August 2022 
      --------------------------------  ------------------------------------- 
 f)    Place of the transaction          Outside of a trading venue 
      --------------------------------  ------------------------------------- 
 

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August 08, 2022 08:30 ET (12:30 GMT)