REG - Europa Metals Ltd - Fee Conversions and Issue of Equity

Europa MetalsAnnouncement

07/05/2025 07:00

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RNS Number : 5512H  Europa Metals Ltd  07 May 2025

7 May 2025

Europa Metals Ltd

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

Fee Conversions, Directors' Dealings and Issue of Equity

 

Europa Metals, ("Europa" or the "Company"), advises of the conversion by
certain of its directors of an aggregate amount of £48,203.81 of
deferred/accrued remuneration for the 18 month period ended 31 March 2025 into
new fully paid 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, 4,500,000 new Ordinary Shares (the
"Conversion Shares") being c.4.6% of the Company's current issued share
capital, at a deemed issue price of approximately 1.07 pence per share as
determined using a 30-day volume weighted average price for the Company's
Ordinary Shares on AIM 23 April 2025 and relevant AUD:GBP exchange rate of
A$1: £0.48 at 23 April 2025.

Application will be made to the London Stock Exchange for the abovementioned
4,500,000 Conversion Shares to be admitted to trading on AIM and to the JSE
Limited for quotation thereof on AltX ("Admission"). It is expected that
Admission will become effective and that dealings in the Conversion Shares
will commence at 8.00 a.m. on 12 May 2025.

Following Admission, the Company's total issued ordinary share capital will
comprise 102,171,790 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 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 acting CEO  3,375,000                                   8,483,182                                          8.30
 Daniel Smith   Non-Executive Director             1,125,000                                   1,625,000                                          1.59

 

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 8 9486 4036

E: dsmith@europametals.com

Myles Campion, Executive Chairman and acting CEO (UK)

E: 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)

Danielle Christodoulou

T: +27 63 482 3802

 

 

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) 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 pursuant to
the European Union (Withdrawal) Act 2018, as amended.

 

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.

 

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 acting 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)
                                                                  1.07 pence  3,375,000

 d)  Aggregated information                                       N/A (Single transaction)

     Aggregated volume price
 e)  Date of the transaction                                      7 May 2025
 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

7 May 2025

f)

Place of the transaction

Outside of a trading venue

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Daniel Smith

 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)
                                                                  1.07 pence  1,125,000

 d)  Aggregated information                                       N/A (Single transaction)

     Aggregated volume price
 e)  Date of the transaction                                      7 May 2025
 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

7 May 2025

f)

Place of the transaction

Outside of a trading venue

 

 

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