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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| European Metals Holdings Limited | LSE:EMH | London | Ordinary Share | VGG3191T1021 | ORD NPV (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.75 | 4.48% | 17.50 | 17.00 | 18.00 | 17.50 | 16.55 | 16.75 | 472,461 | 09:01:46 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Miscellaneous Metal Ores,nec | 1.12M | -5.93M | -0.0286 | -7.69 | 45.61M |
From Apr 2019 to Apr 2024
TIDMEMH
RNS Number : 0384A
European Metals Holdings Limited
21 December 2017
For immediate release
21 December 2017
EUROPEAN METALS HOLDINGS LIMITED
Equity Issue, Directors' Shareholding and Total Voting Rights
European Metals Holdings Limited ("European Metals" or the "Company") (ASX and AIM: EMH), announces that that it has today issued 6,517,142 new ordinary shares (represented by Chess Depositary interests or "CDIs") in the Company at a price of 35p per CDI further to the subscription as announced on 29 November 2017 ("Subscription Shares").
Cadence Minerals Plc subscribed for a total of 985,714 Subscription Shares. Following participation in this subscription, Cadence Minerals Plc is now interested in a total of 27,846,470 CDIs representing 19.9% of the enlarged issued share capital of the Company.
On 14 December 2017 the Company has also issued 1,650,000 new ordinary shares (represented by Chess Depositary interests or "CDIs") in the Company following approval of the Employee Securities Incentive Plan ("Plan") and issue of Plan CDIs to Directors at the Annual General Meeting of the Company held on 30 November 2017.
As previously announced, the Company has under the Plan awarded in aggregate 1,650,000 CDIs to the Directors on the following basis:
Hot Features
Premium
Director CDIs awarded under
the Plan
------------------ -------------------
Mr Keith Coughlan 850,000 CDIs
Mr David Reeves 300,000 CDIs
Mr Richard Pavlik 300,000 CDIs
Mr Kiran Morzaria 200,000 CDIs
------------------ -------------------
Under the Plan the Director Plan CDIs have been issued at an issue price of AU$0.725 per new CDI (equivalent to 41p per new CDI), being the volume weighted average price of Shares traded on the ASX over the 5 trading days immediately preceding the issue of the Director Plan CDIs.
The subscription amount due to the Company in respect of the new Director Plan CDIs will be accounted for by a limited-recourse interest-free loan provided by the Company to the Director pursuant to the Plan. There is therefore no cash impact on the Company. As and when a Director sells his Director Plan CDIs, then the proceeds from any such sale must be applied first to settle the loan (and thereby the equivalent subscription amount). The balance, if any, is retained by the Director. The proceeds from a sale by a Director of all of his Plan CDIs, even if less than his respective loan, will settle his loan in full under the Plan.
Under the terms of the Plan, the Director Plan CDIs will be subject to an ASX holding lock until the loan is repaid in full, and cannot be otherwise be transferred until various voluntary escrow periods have expired and the relevant Director has completed 12 months' service with the Company from the date of issue.
Application is being made for the new ordinary shares represented by the Subscription Shares and the Plan CDIs, in aggregate amounting to 8,167,142 ordinary shares, to be admitted to trading on AIM, with admission expected to take place on or around 22 December 2017. The new ordinary shares will rank pari passu in all respects with the existing ordinary shares in EMH.
Total Voting Rights
Following the issue of the new ordinary shares, the total number of ordinary shares in issue with voting rights is 139,964,727. This figure may be used by shareholders in the Company as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change of interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
ENQUIRIES:
European Metals Holdings Tel: +61 (0) 419 996 Limited 333 Keith Coughlan, Chief Email: keith@europeanmet.com Executive Officer Tel: +44 (0) 20 7440 Kiran Morzaria, Non-Executive 0647 Director Tel: +61 (0) 8 6141 3504 Julia Beckett, Company Email: julia@europeanmet.com Secretary Beaumont Cornish (Nomad Tel: +44 (0) 20 7628 & Broker) 3396 Michael Cornish Email: corpfin@b-cornish.co.uk Roland Cornish Shard Capital Stockbrokers Tel: +44 (0) 20 7186 (Joint Broker) 9950 Damon Health Erik Woolgar
The information contained within this announcement is considered to be inside information, for the purposes of Article 7 of EU Regulation 596/2014, prior to its release.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulations, provides further detail in respect of the transaction as described above.
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ------------------------------------------------------------
a) Name Keith Coughlan
--- ------------------------ ----------------------------------
2 Reason for notification
--- ------------------------------------------------------------
a) Position / status Director
--- ------------------------ ----------------------------------
b) Initial notification Initial
/Amendment
--- ------------------------ ----------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ------------------------------------------------------------
a) Name European Metals Holdings
Limited
--- ------------------------ ----------------------------------
b) LEI 213800NZKFBQAMMLXC39
--- ------------------------ ----------------------------------
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 Ordinary shares (represented
the financial by Chess Depositary interests)of
instrument, type no par value in European
of instrument Metals Holdings Limited
Identification VGG3191T1021
code
--- ------------------------ ----------------------------------
Nature of the Issue of 850,000 ordinary
transaction shares pursuant to the Company's
Employee Share Securities
Plan at an issue price of
GBP0.41 per ordinary share
--- ------------------------ ----------------------------------
Price(s) and Price(s) Volumes(s)
volumes(s) ------------------ -----------
(i) GBP0.41 850,000
------------------ -----------
--- ------------------------ ----------------------------------
d) Aggregated information n/a
--- ------------------------ ----------------------------------
e) Date of the transaction 14 December 2017
--- ------------------------ ----------------------------------
f) Place of the Off market
transaction
--- ------------------------ ----------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ------------------------------------------------------------
a) Name David Reeves
--- ------------------------ ----------------------------------
2 Reason for notification
--- ------------------------------------------------------------
a) Position / status Director
--- ------------------------ ----------------------------------
b) Initial notification Initial
/Amendment
--- ------------------------ ----------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ------------------------------------------------------------
a) Name European Metals Holdings
Limited
--- ------------------------ ----------------------------------
b) LEI 213800NZKFBQAMMLXC39
--- ------------------------ ----------------------------------
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 Ordinary shares (represented
the financial by Chess Depositary interests)of
instrument, type no par value in European
of instrument Metals Holdings Limited
Identification VGG3191T1021
code
--- ------------------------ ----------------------------------
Nature of the Issue of 300,000 ordinary
transaction shares pursuant to the Company's
Employee Share Securities
Plan at an issue price of
GBP0.41 per ordinary share
--- ------------------------ ----------------------------------
Price(s) and Price(s) Volumes(s)
volumes(s) ------------------ -----------
(i) GBP0.41 300,000
------------------ -----------
--- ------------------------ ----------------------------------
d) Aggregated information n/a
--- ------------------------ ----------------------------------
e) Date of the transaction 14 December 2017
--- ------------------------ ----------------------------------
f) Place of the Off market
transaction
--- ------------------------ ----------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ------------------------------------------------------------
a) Name Richard Pavlik
--- ------------------------ ----------------------------------
2 Reason for notification
--- ------------------------------------------------------------
a) Position / status Director
--- ------------------------ ----------------------------------
b) Initial notification Initial
/Amendment
--- ------------------------ ----------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ------------------------------------------------------------
a) Name European Metals Holdings
Limited
--- ------------------------ ----------------------------------
b) LEI 213800NZKFBQAMMLXC39
--- ------------------------ ----------------------------------
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 Ordinary shares (represented
the financial by Chess Depositary interests)of
instrument, type no par value in European
of instrument Metals Holdings Limited
Identification VGG3191T1021
code
--- ------------------------ ----------------------------------
Nature of the Issue of 300,000 ordinary
transaction shares pursuant to the Company's
Employee Share Securities
Plan at an issue price of
GBP0.41 per ordinary share
--- ------------------------ ----------------------------------
Price(s) and Price(s) Volumes(s)
volumes(s) ------------------ -----------
(i) GBP0.41 300,000
------------------ -----------
--- ------------------------ ----------------------------------
d) Aggregated information n/a
--- ------------------------ ----------------------------------
e) Date of the transaction 14 December 2017
--- ------------------------ ----------------------------------
f) Place of the Off market
transaction
--- ------------------------ ----------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- -----------------------------------------------------------------
a) Name Kiran Morzaria
--- ------------------------ ---------------------------------------
2 Reason for notification
--- -----------------------------------------------------------------
a) Position / status Director
--- ------------------------ ---------------------------------------
b) Initial notification Initial
/Amendment
--- ------------------------ ---------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- -----------------------------------------------------------------
a) Name European Metals Holdings
Limited
--- ------------------------ ---------------------------------------
b) LEI 213800NZKFBQAMMLXC39
--- ------------------------ ---------------------------------------
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 Ordinary shares (represented
the financial by Chess Depositary interests)of
instrument, type no par value in European
of instrument Metals Holdings Limited
Identification VGG3191T1021
code
--- ------------------------ ---------------------------------------
Nature of the 1. Issue of 200,000 ordinary
transaction shares pursuant to the Company's
Employee Share Securities
Plan at an issue price of
GBP0.41 per ordinary share.
2. Issue of 985,714 ordinary
shares pursuant to the Placement
to sophisticated investors
as announced on 30 November
2017.
--- ------------------------ ---------------------------------------
Price(s) and Price(s) Volumes(s)
volumes(s) -------------------- -----------
(i) GBP0.41* 200,000
-------------------- -----------
(ii) GBP0.35* 985,714
-------------------- -----------
--- ------------------------ ---------------------------------------
d) Aggregated information n/a
--- ------------------------ ---------------------------------------
e) Date of the transaction 1. 14 December 2017
2. 20 December 2017
--- ------------------------ ---------------------------------------
f) Place of the Off market
transaction
--- ------------------------ ---------------------------------------
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCPGGPGPUPMUMG
(END) Dow Jones Newswires
December 21, 2017 02:14 ET (07:14 GMT)
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