REG - Europa Metals Ltd - Europa Metals: Cancellation of admission to AIM

Europa MetalsAnnouncement

30/01/2026 07:00

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RNS Number : 9654Q  Europa Metals Ltd  30 January 2026

30 January 2026

Europa Metals Ltd

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

Europa Metals Ltd: Cancellation of admission to AIM

 

Further to the Company's announcement of 6 November 2025, Europa Metals (AIM:
EUZ) has been in ongoing discussions with Marula Mining Plc ("Marula") in
relation to the proposed acquisition of Marula's wholly-owned subsidiary,
Marula Africa Mining Holdings Limited ("Proposed Marula Transaction"). Despite
the parties' best efforts to advance the Proposed Marula Transaction, it has
become evident that completion is unlikely to take place in the timeframe
required and as such discussions have ceased.

 

Europa Metals became an AIM Rule 15 cash shell ("AIM Cash Shell") following
completion of the disposal of its main undertaking on 13 November 2024. As a
result of not announcing a reverse takeover within six months of becoming an
AIM Cash Shell, trading in the Company's shares was suspended on AIM on 14 May
2025, in accordance with the AIM Rules for Companies (the "AIM Rules").

 

Despite efforts it has not been possible for the Company to complete an
acquisition, or acquisitions, which constitutes a reverse takeover under AIM
Rule 14 since the Company becoming an AIM Cash Shell and, accordingly,
admission of Europa's shares to trading on AIM will be cancelled at 7.00 a.m.
on 2 February 2026 ("Cancellation").

 

With effect from Cancellation, the Company will no longer be subject to the
AIM Rules and, accordingly, among other things, the Company will not be bound
to:

 

-         make any public announcements of material events, or to
announce interim or final results on AIM;

-         announce substantial transactions and transactions with
related parties in accordance with the AIM Rules on AIM;

-         comply with any of the corporate governance practices
applicable to AIM companies; and

-         retain an AIM nominated adviser and broker.

 

The Company remains a disclosing entity under the Australian Corporations Act
2001 (Cth).

 

The Company is engaging with the JSE as to the effect the Cancellation will
have on its secondary listing, and the continued trading of the Company's
shares, on the JSE. Once clarity is obtained in this regard, a further
announcement will be published by the Company on the Company's website at
www.europametals.com (http://www.europametals.com) and via the Stock Exchange
News Service of the JSE ("SENS").

 

In addition, the Cancellation may have either positive or negative taxation
consequences for AIM shareholders (shareholders who are in any doubt about
their tax position should consult their own professional independent adviser).

 

Following the Cancellation, all shareholders will remain shareholders in the
Company. However, there will be no formal market mechanism enabling
shareholders to trade their shares on AIM and the liquidity and marketability
of the Company's shares will be constrained.

 

Notwithstanding that the Company will no longer be subject to the AIM Rules,
the Europa Metals Board is committed to keeping shareholders fully abreast of
developments and will continue to publish news of these developments on its
website at www.europametals.com (http://www.europametals.com) and on SENS.

 

The Company is looking at alternatives to the Proposed Marula Transaction,
which may involve a listing/quotation on a recognised market and will keep
shareholders informed via the mechanisms above as to the next steps.

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

E: dsmith@europametals.com (mailto:dsmith@europametals.com)

Myles Campion, Executive Chairman and acting CEO (UK)

E: mcampion@europametals.com (mailto:mcampion@europametals.com)

 

Beaumont Cornish (Nominated Adviser/Broker)

James Biddle/Roland Cornish

T: +44 (0) 20 7628 3396

 

Questco Corporate Advisory Proprietary Limited (JSE Sponsor)

Amanda Mahlunge

T: +27 84 287 2718

 

 

 

Europa Metals Ltd is a company incorporated in Australia and limited by shares
which are publicly traded on the AIM market of the London Stock Exchange
(primary listing - trading currently suspended) and the AltX of the
Johannesburg Stock Exchange (secondary listing).

 

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 as it forms part of United Kingdom domestic law by virtue of
the European Union (Withdrawal) Act 2018, as amended by virtue of the Market
Abuse (Amendment) (EU Exit) Regulations 2019.

 

Market Abuse Regulation (MAR) Disclosure

 

The information set out below is provided in accordance with the requirements
of Article 19(3) of the Market Abuse Regulations (EU) No. 596/2014 which forms
part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018
('MAR').

 

Nominated Adviser

 

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated
Adviser and is authorised and regulated by the FCA. Beaumont Cornish's
responsibilities as the Company's Nominated Adviser, including a
responsibility to advise and guide the Company on its responsibilities under
the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed
solely to the London Stock Exchange. Beaumont Cornish is not acting for and
will not be responsible to any other persons for providing protections
afforded to customers of Beaumont Cornish nor for advising them in relation to
the proposed arrangements described in this announcement or any matter
referred to in it.

 

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