REG - European Metals Hldg - Issue of Equity

European Metals HoldingsAnnouncement

09/01/2023 07:00

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RNS Number : 0191M  European Metals Holdings Limited  09 January 2023

For immediate release

 

9 January 2023

EUROPEAN METALS HOLDINGS LIMITED

 

EQUITY ISSUE

 

European Metals Holdings Limited (ASX & AIM: EMH, OTCQX: EMHXY, ERPNF and
EMHLF) ("European Metals" or the "Company") advises that it has completed the
cancellation of 10,000,000 unlisted options (exercise price AUD$0.25 expiring
31 December 2022) ("Options") and the issue of 6,343,007 new ordinary shares
(represented by Chess Depository Interests or "CDI's") ("New Ordinary Shares")
in lieu of these Options in accordance with the terms and conditions of the
consultant options held by European Energy and Infrastructure Group Limited.
The Options were originally granted to the consultant on 30 April 2020. The
CDIs have been issued for nil consideration per the terms and conditions of
the Options.

Application is being made for the New Ordinary Shares represented by the CDIs
to be admitted to trading on AIM, with admission expected to take place on or
around 12 January 2023. The New Ordinary Shares will rank pari passu in all
respects with the existing ordinary shares in European Metals.

Due to an administrative error and as announced on 4 March 2022, application
is also being made for 400,000 new ordinary shares represented by the CDIs to
be admitted to trading on AIM, with admission expected to take place on or
around 12 January 2023. These new ordinary Shares will rank pari passu in all
respects with the existing ordinary shares in European Metals.

 

Total Voting Rights

Following Admissions above, the Company will have 192,385,492 Ordinary Shares
on issue. There are no shares held in treasury. The total voting rights in the
Company are therefore 192,385,492 and shareholders may use this figure as the
denominator by which they are required to notify their interest in, or change
to their interest in, the Company under the Financial conduct Authority's
Disclosure and Transparency Rules.

 

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.

 

WEBSITE

A copy of this announcement is available from the Company's website at
www.europeanmet.com (http://www.europeanmet.com) .

ENQUIRIES:

 European Metals Holdings Limited             Tel: +61 (0) 419 996 333

 Keith Coughlan, Executive Chairman           Email: keith@europeanmet.com

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

 David Koch, Company Secretary                Tel: +61 (0) 418 925 212

                                              Email: david@europeanmet.com

 WH Ireland Ltd (Nomad & Joint Broker)

 James Joyce/ Darshan Patel                   Tel: +44 (0) 20 7220 1666

 (Corporate Finance)

 Harry Ansell (Broking)

 Panmure Gordon (UK) Limited (Joint Broker)   Tel:  +44 (0) 20 7886 2500

 John Prior

 Hugh Rich

 James Sinclair Ford

 Harriette Johnson

 Blytheweigh (Financial PR)                   Tel: +44 (0) 20 7138 3222

 Tim Blythe

 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. The person who authorised for the release
of this announcement on behalf of the Company was Keith Coughlan, Executive
Chairman.

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