European Metals Holdings Limited Issue of Equity (0191M)

TIDMEMH

RNS Number : 0191M

European Metals Holdings Limited

09 January 2023

For immediate release

9 January 2023

EUROPEAN METALS HOLDINGS LIMITED

EQUITY ISSUE

European Metals Holdings Limited ( ASX & AIM: EMH, OTCQX: EMHXY, ERPNF and EMHLF ) ("European Metals" or the "Company") advises that it has completed the cancellation of 10,000,000 unlisted options (exercise price AUD$0.25 expiring 31 December 2022) ("Options") and the issue of 6,343,007 new ordinary shares (represented by Chess Depository Interests or "CDI's") ("New Ordinary Shares") in lieu of these Options in accordance with the terms and conditions of the consultant options held by European Energy and Infrastructure Group Limited. The Options were originally granted to the consultant on 30 April 2020. The CDIs have been issued for nil consideration per the terms and conditions of the Options.

Application is being made for the New Ordinary Shares represented by the CDIs to be admitted to trading on AIM, with admission expected to take place on or around 12 January 2023. The New Ordinary Shares will rank pari passu in all respects with the existing ordinary shares in European Metals.

Due to an administrative error and as announced on 4 March 2022, application is also being made for 400,000 new ordinary shares represented by the CDIs to be admitted to trading on AIM, with admission expected to take place on or around 12 January 2023. These new ordinary Shares will rank pari passu in all respects with the existing ordinary shares in European Metals.

Total Voting Rights

Following Admissions above, the Company will have 192,385,492 Ordinary Shares on issue. There are no shares held in treasury. The total voting rights in the Company are therefore 192,385,492 and shareholders may use this figure as the denominator by which they are required to notify their interest in, or change to their interest in, the Company under the Financial conduct Authority's Disclosure and Transparency Rules.

This announcement has been approved for release by the Board.

CONTACT

For further information on this update or the Company generally, please visit our website at www.europeanmet.com or see full contact details at the end of this release.

WEBSITE

A copy of this announcement is available from the Company's website at www.europeanmet.com.

ENQUIRIES:

 
 
   European Metals Holdings Limited           Tel: [phone] 
   Keith Coughlan, Executive Chairman         Email: [e-mail] 
 
   Kiran Morzaria, Non-Executive Director     Tel: [phone] 
 
   David Koch, Company Secretary              Tel: [phone] 
                                              Email: [e-mail] 
 WH Ireland Ltd (Nomad & Joint Broker) 
  James Joyce/ Darshan Patel                  Tel: [phone] 
  (Corporate Finance) 
  Harry Ansell (Broking) 
 
   Panmure Gordon (UK) Limited (Joint         Tel: [phone] 
   Broker) 
   John Prior 
   Hugh Rich 
   James Sinclair Ford 
   Harriette Johnson 
 Blytheweigh (Financial PR)                 Tel: [phone] 
  Tim Blythe 
  Megan Ray 
 
  Chapter 1 Advisors (Financial PR 
  - Aus)                                     Tel: [phone] 
  David Tasker 
 

The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014 ("MAR") as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 and is disclosed in accordance with the Company's obligations under Article 17 of MAR. The person who authorised for the release of this announcement on behalf of the Company was Keith Coughlan, Executive Chairman.

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END

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January 09, 2023 02:00 ET (07:00 GMT)