REG - Europa Metals Ltd - Directors’ Dealings and Issue of Equity

Europa MetalsAnnouncement

08/08/2022 13:30

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RNS Number : 2879V  Europa Metals Ltd  08 August 2022

8 August 2022

Europa Metals Ltd

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

Fee Conversions, 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 £33,002 of
deferred/accrued remuneration for the six month period ended 30 June 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, 906,265 new Ordinary Shares (the "Conversion
Shares") at a blended issue price of approximately 3.64 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. The Company's former Chief Executive
Officer, Mr Laurence Read, is not receiving any Conversion Shares in light of
his previously announced resignation (effective from 2 February 2022).

Application will be made to the London Stock Exchange for the abovementioned
906,265 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 12 August 2022.

Following Admission, the Company's total issued ordinary share capital will
comprise 80,036,914 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 of Conversion Shares to be received  Total number of Ordinary Shares held on Admission  % of voting rights held on Admission
 Myles Campion  Executive Chairman and interim-CEO  768,529                                     1,017,323                                          1.27
 Dr Evan Kirby  Non-Executive Director              137,736                                     163,594                                            0.20

 

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 interim-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.

 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 and interim-CEO

 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 instrument, type of instrument  Ordinary shares of no par value each

     Identification code                                          AU0000090060

 b)  Nature of the Transaction                                    Conversion of accrued fees

 c)  Price(s) and volume(s)                                       Price(s)    Volume(s)
                                                                  3.64 pence  768,529
 d)  Aggregated information                                       N/A (Single transaction)

     Aggregated volume price
 e)  Date of the transaction                                      12 August 2022
 f)  Place of the transaction                                     Outside of a trading venue

d)

Aggregated information

Aggregated volume price

N/A (Single transaction)

e)

Date of the transaction

12 August 2022

f)

Place of the transaction

Outside of a trading venue

 

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                                                         Dr Evan Kirby

 2.  Reason for the Notification
 a)  Position/status                                              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 instrument, type of instrument  Ordinary shares of no par value each

     Identification code                                          AU0000090060

 b)  Nature of the Transaction                                    Conversion of accrued fees

 c)  Price(s) and volume(s)                                       Price(s)    Volume(s)
                                                                  3.64 pence  137,736
 d)  Aggregated information                                       N/A (Single transaction)

     Aggregated volume price
 e)  Date of the transaction                                      12 August 2022
 f)  Place of the transaction                                     Outside of a trading venue

d)

Aggregated information

Aggregated volume price

N/A (Single transaction)

e)

Date of the transaction

12 August 2022

f)

Place of the transaction

Outside of a trading venue

 

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