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:
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
-------------------------------- -----------------------------------
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END
DSHGZGZMZDZGFZM
(END) Dow Jones Newswires
January 24, 2023 08:00 ET (13:00 GMT)
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