REG - European Metals Hldg - Change of Financial Year End

European Metals HoldingsAnnouncement

26/11/2024 08:30

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RNS Number : 6745N  European Metals Holdings Limited  26 November 2024

For immediate release
 
                                             26
November 2024

Change of Financial Year End to 31 December

 

European Metals Holdings Limited (ASX & AIM: EMH, OTCQX: EMHXY and EMHLF)
("European Metals" or the "Company") wishes to advise that the Board of
Directors has resolved to change the Company's financial year end from 30 June
to 31 December.

 

The Company holds a 49% equity interest in Geomet s.r.o., an entity that
controls the mineral exploration licenses awarded by the Czech State over the
Cinovec Lithium Project and has been granted a preliminary mining permit by
the Ministry of Environment and the Ministry of Industry. The change will
align the Company's financial year end with that of Geomet, which has a 31
December financial year end.

 

The Company believes that this alignment of financial year ends will result in
a more efficient and cost effective statutory financial reporting and auditing
process, and in more seamless governance and compliance between all entities.

 

The change is made in accordance with Section 323D(2A) of the Corporations Act
2001 (Cth) and the Company confirms that:

-       its last financial year ended on 30 June 2024,

-       it will have a six-month Transitional Financial Year ("TFY"),
beginning on 1 July 2024 and ending on 31 December   2024, and

-       thereafter it will adopt a twelve-month financial year, with the
first commencing on 1 January 2025 and ending on     31 December 2025.

 

The change in financial year requires the Company to, in respect of the TFY:

-       lodge audited financial statements by 31 March 2025, and

-       hold its annual general meeting for the TFY by no later than 31
May 2025.

 

Thereafter the Company will publish unaudited (reviewed) interim results for
the six months ending 30 June by no later than mid-September and audited final
results for the twelve months ending 31 December by 31 March in each calendar
year.

This announcement has been approved for release by the Board.

CONTACT

For further information on this update or the Company generally, please visit
our website at www.europeanmet.com (http://www.europeanmet.com) or see full
contact details at the end of this release.

 

ENQUIRIES:

 European Metals Holdings Limited

 Keith Coughlan, Executive Chairman         Tel: +61 (0) 419 996 333

                                            Email: keith@europeanmet.com (mailto:keith@europeanmet.com)

 Kiran Morzaria, Non-Executive Director     Tel: +44 (0) 20 7440 0647

 Henko Vos, Company Secretary               Tel: +61 (0) 400 550 042

                                            Email: henko.vos@nexiaperth.com.au (mailto:henko.vos@nexiaperth.com.au)

 Zeus Capital Limited (Nomad & Broker)

 James Joyce/Darshan Patel                  Tel: +44 (0) 20 3829 5000

 (Corporate Finance)

 Harry Ansell (Broking)

 BlytheRay (Financial PR)

 Tim Blythe                                 Tel: +44 (0) 20 7138 3222

 Megan Ray

 Chapter 1 Advisors (Financial PR - Aus)

 David Tasker                               Tel: +61 (0) 433 112 936

The information contained within this announcement is deemed by the Company to
constitute inside information under the Market Abuse Regulation (EU) No.
596/2014 ("MAR") as it forms part of UK domestic law by virtue of the European
Union (Withdrawal) Act 2018 and is disclosed in accordance with the Company's
obligations under Article 17 of MAR.

 

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