Grant of options

RNS Number : 4429F

European Metals Holdings Limited

17 May 2017

 

For immediate release

17 May 2017

EUROPEAN METALS HOLDINGS LIMITED

Grant of options

European Metals Holdings Limited ("European Metals" or "the Company") (ASX and AIM: EMH), advises the following issue of the following unlisted options:

(i)           500,000 unlisted options, (28 cents exercise price) expiring on 20 April 2018 to independent consultants, as per their individual consultancy agreements; and

(ii)          400,000 Unlisted Options, (58 cents exercise price) expiring on 3 January 2020 to Richard Pavlik, the General Manager in the Czech Republic, as per his contract of employment. The exercise price was determined in his contract of employment as the volume weighted average price for the 5 day period prior to the commencement of his employment on 3 January 2017.  250,000 Options will vest at the completion of the Definitive Feasibility Study and 150,000 Options will vest 12 months thereafter.

ENQUIRIES:

European Metals Holdings Limited Keith Coughlan, Chief Executive Officer Kiran Morzaria, Non-Executive Director Julia Beckett, Company Secretary	Tel: [phone] Email: [e-mail] Tel: [phone] Tel: [phone] Email: [e-mail]
Beaumont Cornish (Nomad & Broker) Michael Cornish Roland Cornish	Tel: [phone] Email: [e-mail]

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:

1	Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated
a)	Name	Richard Pavlik
2	Reason for notification
a)	Position / status	General Manager, Czech Republic
b)	Initial notification /Amendment	Initial
3	Details of the issuer,  emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	European Metals Holdings Limited
b)	LEI	213800NZKFBQAMMLXC39
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	Ordinary shares of no par value in European Metals Holdings Limited ISIN VGG3191T1021
	Nature of the transaction	Issue of options over Ordinary Shares
	Price(s) and volumes(s)	Price(s) Volumes(s) A$0.58   400,000
d)	Aggregated information	n/a
e)	Date of the transaction	17 May 2017
f)	Place of the transaction	Outside a trading venue

ENDS

 

END

 

 

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