REG - European Lithium Ltd - Issue of Options & Director/PDMR Shareholding

European LithiumAnnouncement

11/12/2019 15:20

RNS Number : 5683W
European Lithium Limited
11 December 2019
 


European Lithium Ltd
("European Lithium", "EUR" or "the Company")
Issue of Options & Director/PDMR Shareholding
European Lithium announces that it has today issued options over 25,940,000 ordinary shares with an exercise price of AU$0.10 (10 cents) expiring on 30 June 2020 (the "Options").
17,500,000 of the Options have been issued to directors of the Company, as detailed in this announcement. 8,440,000 of the Options have been issued to participants of the Company's equity placings as announced in December 2017 and May 2019 and as detailed in the Company's resolutions put to shareholders at the Company's annual general meeting in November 2019.
Malcolm Day, Non-Executive Director, has been issued 5,000,000 unlisted options in the Company with an exercise price of AU$0.10 (10 cents) expiring on 30 June 2020.
Following the transaction, Mr Day holds an interest in:
·      14,496,951 ordinary shares (reflecting 2.35% of the Company's issued share capital);
·      2,000,000 unlisted options (AU$0.125 expiring 27 February 2020);
·      244,444 unlisted options (AU$0.05 expiring 31 March 2020); and
·      25,000,000 unlisted options (AU$0.10 expiring 30 June 2020)
 
Stefan Muller, Non-Executive Director, has been issued 7,500,000 unlisted options in the Company with an exercise price of AU$0.10 (10 cents) expiring on 30 June 2020.
Following the transaction, Mr Muller holds an interest in:
·      1,350,000 ordinary shares (reflecting 0.219% of the Company's issued share capital); and
·      7,500,000 unlisted options (AU$0.10 expiring 30 June 2020)
 
Tony Sage, Non-Executive Director, has been issued 5,000,000 unlisted options in the Company with an exercise price of AU$0.10 (10 cents) expiring on 30 June 2020.
Following the transaction, Mr Sage holds an interest in:
·      11,154,379 ordinary shares (reflecting 1.81% of the Company's issued share capital); and
·      5,000,000 unlisted options (AU$0.10 expiring 30 June 2020)
 
The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further details:



1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


Tony Sage




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


European Lithium Limited




b)


LEI


529900CXY50A8Q4OBQ93




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
Identification code


 
Unlisted option with an exercise price of $0.10 (10 cents) and expiry date of 30 June 2020
 AU000000EUR7
 
 
 




 
b)


 
Nature of the transactions


 
Acceptance of a stock option granted as part of a remuneration package (as approved by shareholders at the AGM held on 28 November 2019)
 




c)


Price(s) and volume(s)






Price(s)


Volume(s)








Nil


5,000,000










d)


Aggregated information
-     - Aggregated volume
-     - Price


 
5,000,000
Nil




e)


Date of the transaction


11/12/2019




f)


Place of the transaction


Outside a trading venue



 



1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


Stefan Muller




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


European Lithium Limited




b)


LEI


529900CXY50A8Q4OBQ93




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
Identification code


 
Unlisted option with an exercise price of $0.10 (10 cents) and expiry date of 30 June 2020
 AU000000EUR7
 
 
 




 
b)


 
Nature of the transactions


 
Acceptance of a stock option granted as part of a remuneration package (as approved by shareholders at the AGM held on 28 November 2019)
 




c)


Price(s) and volume(s)






Price(s)


Volume(s)








Nil


7,500,000










d)


Aggregated information
-     - Aggregated volume
-     - Price


 
7,500,000
Nil




e)


Date of the transaction


11/12/2019




f)


Place of the transaction


Outside a trading venue



 



1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


Tony Sage




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


European Lithium Limited




b)


LEI


529900CXY50A8Q4OBQ93




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
Identification code


 
Unlisted option with an exercise price of $0.10 (10 cents) and expiry date of 30 June 2020
 AU000000EUR7
 
 
 




 
b)


 
Nature of the transactions


 
Acceptance of a stock option granted as part of a remuneration package (as approved by shareholders at the AGM held on 28 November 2019)
 




c)


Price(s) and volume(s)






Price(s)


Volume(s)








Nil


5,000,000










d)


Aggregated information
-     - Aggregated volume
-     - Price


 
5,000,000
Nil




e)


Date of the transaction


11/12/2019




f)


Place of the transaction


Outside a trading venue



 
- END -
The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014



European Lithium Ltd


+61 861 819 792




Tony Sage


info@europeanlithium.com
 
 




NEX Corporate Adviser


+44 207 220 1666




James Joyce








James Sinclair-Ford





































 




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