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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Eurasia Mining Plc | LSE:EUA | London | Ordinary Share | GB0003230421 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.05 | -3.33% | 1.45 | 1.40 | 1.50 | 1.50 | 1.45 | 1.50 | 4,943,295 | 11:22:03 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Miscellaneous Metal Ores,nec | 120k | -5.84M | -0.0020 | -7.25 | 41.54M |
TIDMEUA
RNS Number : 1278Y
Eurasia Mining PLC
02 May 2023
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED IN REGULATION NO. 596/2014 (AS IT FORMS PART OF RETAINED EU LAW AS DEFINED IN THE EUROPEAN UNION (WITHDRAWAL) ACT 2018) AND IS IN ACCORDANCE WITH THE COMPANY'S OBLIGATIONS UNDER ARTICLE 7 OF THAT REGULATION.
2 May 2023
Eurasia Mining Plc
Extension of Company Options
Eurasia Mining plc ("Eurasia" or the "Company"), the palladium, platinum, rhodium, iridium and gold producing company, announces that it has extended the expiry date on a class of share options which were granted to certain Directors, employees and a substantial shareholder on 2 November 2018 with a four-year term, and were subsequently extended to 2 May 2023 on 2 November 2022.
The expiry date on 146,000,000 share options, with a range of exercise prices (the "Options") has been extended for a further period of six months from 2 May 2023 to 2 November 2023 (the "Options Extension").
Related Party Transaction
As 40,000,000 of the Options are held by Christian Schaffalitzky, the Company's Executive Chairman and Dmitry Suschov, a substantial shareholder in the Company (the "Related Parties"), the Options Extension constitutes a related party transaction under Rule 13 of the AIM Rules.
The Options which are held by the Related Parties are summarised in the table below:
Related Party Options exercisable Options exercisable Options exercisable Total Options at 0.42 pence at 0.60 pence at 0.90 pence expiring 2 expiring 2 expiring 2 November 2023 November 2023 November 2023 Christian Schaffalitzky 10,000,000 5,000,000 5,000,000 20,000,000 -------------------- -------------------- -------------------- -------------- Dmitry Suschov 10,000,000 5,000,000 5,000,000 20,000,000 -------------------- -------------------- -------------------- --------------
Accordingly, the Company's directors who are independent of the Options Extension (being all directors with the exception of Christian Schaffalitzky) consider, having consulted with the Company's nominated adviser, that the terms of the Options Extension are fair and reasonable insofar as shareholders of the Company are concerned.
Outstanding Options and Warrants
As a result of the Options Extension, the Company has the following outstanding share options and warrants:
-- 57,000,000 options exercisable at 0.42 pence, expiring on 2 November 2023; -- 47,000,000 options exercisable at 0.60 pence, expiring on 2 November 2023; -- 42,000,000 options exercisable at 0.90 pence, expiring on 2 November 2023; -- 53,306,751 warrants exercisable at 26.5 pence, expiring 20 May 2024; and -- 41,551,563 warrants exercisable at 26.0 pence, expiring 20 September 2024.
A copy of this announcement is also available on Eurasia's website at:
https://www.eurasiamining.co.uk/investors/news-announcements
For further information, please contact:
Eurasia Mining Plc +44 (0) 20 7932 0418 Christian Schaffalitzky / Keith Byrne SP Angel (Nominated Advisor and Joint Broker) Jeff Keating / David Hignell / Adam Cowl +44 (0) 20 3470 0470 Optiva Securities (Joint Broker) Christian Dennis +44 (0) 20 3137 1902
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May 02, 2023 06:32 ET (10:32 GMT)
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