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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Europa Metals Ltd | LSE:EUZ | London | Ordinary Share | AU0000090060 | ORD NPV (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.55 | 1.50 | 1.60 | 1.60 | 1.55 | 1.60 | 16,263 | 08:00:54 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Gold Ores | 0 | -3.38M | -0.0359 | -0.43 | 1.46M |
From Apr 2022 to Apr 2024
TIDMEUZ
RNS Number : 7148N
Europa Metals Ltd
24 January 2023
24 January 2023
Europa Metals Ltd
("Europa Metals", the "Company" or the "Group") (AIM, AltX: EUZ)
Fee Conversions, Grant of Options and Performance Rights,
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 GBP42,880 of deferred/accrued remuneration for the six month period ended 31 December 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, 1,245,988 new Ordinary Shares (the "Conversion Shares") at a blended issue price of approximately 3.44 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. Such Fee Conversions conclude the Company's fee deferral and conversion programme.
Application will be made to the London Stock Exchange for the abovementioned 1,245,988 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 30 January 2023.
Following Admission, the Company's total issued ordinary share capital will comprise 94,171,790 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:
Hot Features
Premium
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 1,090,859 2,108,182 2.24
Dr Evan Non-Executive
Kirby Director 155,129 318,723 0.34
Grant of Options and Performance Rights
The Company has today also granted, in aggregate, 2,000,000 options exercisable in three tranches to two of the Company's Directors, Daniel Smith and Myles Campion (or their nominees) (the "Incentive Options"). Further details of the Incentive Options are set out below:
Director Previous No. of No. of No. of Resultant
holding Incentive Incentive Incentive holding
of options Options Options Options of options
granted granted granted
(Tranche (Tranche (Tranche
1) 2) 3)
Myles Campion 1,591,667 250,000 375,000 375,000 2,591,667
Daniel Smith 180,000 250,000 375,000 375,000 1,180,000
Details of the individual tranches are as follows:
(a) Tranche 1: exercisable at a price of 3.35 pence per share (being a 25% premium to the 30-day VWAP prior to their date of issue) and expiring on or before 3 years from their date of issue;
(b) Tranche 2: exercisable at a price of 4.02 pence per share (being a 50% premium to the 30-day VWAP prior to their date of issue) and expiring on or before 3 years from their date of issue; and
(c) Tranche 3: exercisable at a price of 4.69 pence per share (being a 75% premium to the 30-day VWAP prior to their date of issue) and expiring on or before 3 years from their date of issue.
In addition, a total of 3,500,000 performance rights ("Performance Rights") have today been issued to Myles Campion and Daniel Smith. The Performance Rights are exercisable for nil consideration and are subject to the following performance milestone conditions and expiry dates:
Tranche No. of Performance Performance Milestone Expiry Date
Rights and Condition
Recipient
1 1,500,000 to Completion of the Option 2 years from
Myles Campion Agreement with Denarius the date of issue
(or his nominee) Metals Corp. and receipt
of initial US$550k cash
payments
250,000 to Completion of the Option 2 years from
Daniel Smith Agreement with Denarius the date of issue
(or his nominee) Metals Corp. and receipt
of initial US$550k cash
payments
2 1,500,000 to Successful Mining Licence 2 years from
Myles Campion Application for the Toral the date of issue
(or his nominee) Project
250,000 to Successful Mining Licence 2 years from
Daniel Smith Application for the Toral the date of issue
(or his nominee) Project
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: +61 417 978 955
Myles Campion, Executive Chairman and acting CEO (UK)
T: +44 (0)20 3289 9923
Strand Hanson Limited (Nominated Adviser)
Rory Murphy/Matthew Chandler
T: +44 (0)20 7409 3494
WH Ireland Limited (Broker)
Harry Ansell/Dan Bristowe/Katy Mitchell/Sarah Mather
T: +44 (0)20 7220 1666
Questco Corporate Advisory Proprietary Limited (JSE Sponsor)
Sharon Owens
T: +27 (11) 011 9212
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 Incentive options
Performance rights over ordinary
shares
-------------------------------- -------------------------------------
Identification code AU0000090060
-------------------------------- -------------------------------------
b) Nature of the Transaction Conversion of accrued fees
Grant of incentive options under
the Company's incentive plan
Grant of performance rights
-------------------------------- -------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
3.35 pence 1,090,859
4.02 pence 250,000
4.69 pence 375,000
4.64 pence 375,000
Nil pence 3,000,000
-----------
-------------------------------- -------------------------------------
d) Aggregated information N/A (Single transaction)
Aggregated volume price
-------------------------------- -------------------------------------
e) Date of the transaction 24 January 2023
-------------------------------- -------------------------------------
f) Place of the transaction Outside of a trading venue
-------------------------------- -------------------------------------
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)
3.44 pence 155,129
----------
-------------------------------- -------------------------------------
d) Aggregated information N/A (Single transaction)
Aggregated volume price
-------------------------------- -------------------------------------
e) Date of the transaction 24 January 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
instrument, type of instrument Incentive options
Performance rights over ordinary
shares
-------------------------------- -----------------------------------
Identification code AU0000090060
-------------------------------- -----------------------------------
b) Nature of the Transaction Grant of incentive options under
the Company's incentive plan
Grant of performance rights
-------------------------------- -----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
3.35 pence 250,000
4.02 pence 375,000
4.69 pence 375,000
Nil pence 500,000
----------
-------------------------------- -----------------------------------
d) Aggregated information N/A (Single transaction)
Aggregated volume price
-------------------------------- -----------------------------------
e) Date of the transaction 24 January 2023
-------------------------------- -----------------------------------
f) Place of the transaction Outside of a trading venue
-------------------------------- -----------------------------------
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
DSHGZGZMZDZGFZM
(END) Dow Jones Newswires
January 24, 2023 08:00 ET (13:00 GMT)
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