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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 0.0% 10.75 10.50 11.00 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -1.9 -0.0 - 5

Europa Metals Ltd Issue of Options and Directors' Dealings

18/12/2020 7:00am

UK Regulatory (RNS & others)


Europa Metals (LSE:EUZ)
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TIDMEUZ

RNS Number : 1391J

Europa Metals Ltd

18 December 2020

18 December 2020

Europa Metals Ltd

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

Issue of Options and Directors' Dealings

Europa Metals, the European focused lead-zinc and silver developer, announces that, further to the approval of resolutions 2 to 5 at the Company's Annual General Meeting held on 30 November 2020, the Company has today granted, in aggregate, 1,380,000 options to the Company's Executive and Non-Executive Directors (the "Incentive Options"). The Incentive Options are exercisable at 8.89 pence per share for the Executive Directors and at 12.89 pence per share for the Non-Executive Directors, being the 10-day VWAP and a 45% premium to the 10-day VWAP, up to and including 17 December 2020, respectively.

In addition, 20,000 options, originally intended to be issued to Daniel Smith, pursuant to the passing of resolution 5, have instead been issued to a consultant of the Company, on the same terms as the Incentive Options granted to the Non-Executive Directors. Accordingly, Daniel Smith has been granted 80,000 Incentive Options as set out below.

Further details on the Incentive Options issued to the Executive Directors and the resultant total options held by each such director are set out below:

 
 Executive        Previous holding          Number    Number of    Number of     Resultant 
  Director              of options    of Incentive    Incentive    Incentive       holding 
                                           Options      Options      Options    of options 
                                           granted      granted      granted 
                                          (Tranche     (Tranche     (Tranche 
                                                1)           2)           3) 
 Laurence 
  Read                     925,000         200,000      200,000      200,000     1,525,000 
                 -----------------  --------------  -----------  -----------  ------------ 
 Myles Campion             991,666         200,000      200,000      200,000     1,591,666 
                 -----------------  --------------  -----------  -----------  ------------ 
 

Details of the individual tranches are as follows:

a) Tranche 1: vests on the delineation, by an independent third party, of greater than a 4.5Mt Indicated Resource estimate at the Toral Project, reported in accordance with JORC (2012), exercisable at a price of 8.89 pence per share and expiring on or before 18 December 2023;

b) Tranche 2: vests on the delivery of a positive Pre-feasibility Study at the Toral Project with an independent recommendation for the Company to continue advancing the project, exercisable at a price of 8.89 pence per share and expiring on or before 18 December 2023; and

c) Tranche 3: vests on the submission of an application for a Mining Licence at the Toral Project, exercisable at a price of 8.89 pence per share and expiring on or before 18 December 2023.

Further details on the Incentive Options issued to the Non-Executive Directors and the resultant total options held by each such director are set out below:

 
 Non-Executive       Previous    Number of            Exercise   Expiry Date     Resultant 
  Director         holding of    Incentive        Price (being                     holding 
                      options      Options       a 45% premium                  of options 
                                   granted       to the 10-day 
                                                       VWAP up 
                                              to and including 
                                                   17 December 
                                                         2020) 
                                                                 18 December 
 Evan Kirby           245,000      100,000         12.89 pence          2023       345,000 
                 ------------  -----------  ------------------  ------------  ------------ 
                                                                 18 December 
 Daniel Smith         100,000       80,000         12.89 pence          2023       180,000 
                 ------------  -----------  ------------------  ------------  ------------ 
 

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

Laurence Read, CEO (UK)

T: +44 (0)20 3289 9923

Linkedin: Europa Metals ltd

Twitter: @ltdeuropa

Vox: Europametals

Strand Hanson Limited (Nominated Adviser)

Rory Murphy/Matthew Chandler

T: +44 (0)20 7409 3494

Tavistock (PR and IR)

Emily Fenton, Barney Hayward, Oliver Lamb

T: +44 (0)20 7920 3150 / EuropaMetals@Tavistock.co.uk

Turner Pope Investments (TPI) Limited (Broker)

Andy Thacker

T: +44 (0)20 3657 0050

Sasfin Capital Proprietary Limited (a member of the Sasfin group)

Sharon Owens

T (direct): +27 11 809 7762

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").

PDMR Notification Forms

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

 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                              Myles Campion 
     --------------------------------  ------------------------------------- 
 2.   Reason for the Notification 
     ----------------------------------------------------------------------- 
 a)   Position/status                   Executive Chairman 
     --------------------------------  ------------------------------------- 
 b)   Initial notification/amendment    Initial notification 
     --------------------------------  ------------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                              Europa Metals Ltd 
     --------------------------------  ------------------------------------- 
 b)   LEI                               2138008QU5PGK777XM59 
     --------------------------------  ------------------------------------- 
 4.   Details of the transaction(s):section to be repeated for 
       (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      Issue of options under the Company's 
       instrument, type of instrument    Incentive Plan 
     --------------------------------  ------------------------------------- 
      Identification code               AU0000090060 
     --------------------------------  ------------------------------------- 
 b)   Nature of the Transaction         Issue of options 
     --------------------------------  ------------------------------------- 
 c)   Price(s) and volume(s)             Price(s)          Volume(s) 
                                          1. 8.89 pence     200,000 
                                           2. 8.89 pence     200,000 
                                           3. 8.89 pence     200,000 
                                                           ---------- 
     --------------------------------  ------------------------------------- 
 d)   Aggregated information            600,000 options 
       Aggregated volume price           N/A 
     --------------------------------  ------------------------------------- 
 e)   Date of the transaction           18 December 2020 
     --------------------------------  ------------------------------------- 
 f)   Place of the transaction          AIM (LSE) 
     --------------------------------  ------------------------------------- 
 
 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                              Laurence Read 
     --------------------------------  ------------------------------------- 
 2.   Reason for the Notification 
     ----------------------------------------------------------------------- 
 a)   Position/status                        CEO & Executive Director 
     --------------------------------  ------------------------------------- 
 b)   Initial notification/amendment    Initial notification 
     --------------------------------  ------------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                              Europa Metals Ltd 
     --------------------------------  ------------------------------------- 
 b)   LEI                               2138008QU5PGK777XM59 
     --------------------------------  ------------------------------------- 
 4.   Details of the transaction(s):section to be repeated for 
       (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      Issue of options under the Company's 
       instrument, type of instrument    Incentive Plan 
     --------------------------------  ------------------------------------- 
      Identification code               AU0000090060 
     --------------------------------  ------------------------------------- 
 b)   Nature of the Transaction         Issue of options 
     --------------------------------  ------------------------------------- 
 c)   Price(s) and volume(s)             Price(s)          Volume(s) 
                                          1. 8.89 pence     200,000 
                                           2. 8.89 pence     200,000 
                                           3. 8.89 pence     200,000 
                                                           ---------- 
     --------------------------------  ------------------------------------- 
 d)   Aggregated information            600,000 options 
       Aggregated volume price           N/A 
     --------------------------------  ------------------------------------- 
 e)   Date of the transaction           18 December 2020 
     --------------------------------  ------------------------------------- 
 f)   Place of the transaction          AIM (LSE) 
     --------------------------------  ------------------------------------- 
 
 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                                   1. Evan Kirby 
                                              2. Daniel Smith 
     --------------------------------  ------------------------------------- 
 2.   Reason for the Notification 
     ----------------------------------------------------------------------- 
 a)   Position/status                        1. Non-Executive Director 
                                              2. Non-Executive Director 
     --------------------------------  ------------------------------------- 
 b)   Initial notification/amendment    Initial notification 
     --------------------------------  ------------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                              Europa Metals Ltd 
     --------------------------------  ------------------------------------- 
 b)   LEI                               2138008QU5PGK777XM59 
     --------------------------------  ------------------------------------- 
 4.   Details of the transaction(s):section to be repeated for 
       (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      Issue of options under the Company's 
       instrument, type of instrument    Incentive Plan 
     --------------------------------  ------------------------------------- 
      Identification code               AU0000090060 
     --------------------------------  ------------------------------------- 
 b)   Nature of the Transaction         Issue of options 
     --------------------------------  ------------------------------------- 
 c)   Price(s) and volume(s)             Price(s)           Volume(s) 
                                          1. 12.89 pence     100,000 
                                           2. 12.89 pence     80,000 
                                                            ---------- 
     --------------------------------  ------------------------------------- 
 d)   Aggregated information            N/A 
       Aggregated volume price 
     --------------------------------  ------------------------------------- 
 e)   Date of the transaction           18 December 2020 
     --------------------------------  ------------------------------------- 
 f)   Place of the transaction          AIM (LSE) 
     --------------------------------  ------------------------------------- 
 

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

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December 18, 2020 02:00 ET (07:00 GMT)

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