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Europa Metals Ltd (EUZ)

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Friday 24 July, 2020

Europa Metals Ltd

Issue of Options and Directors' Dealings

RNS Number : 0236U
Europa Metals Ltd
24 July 2020
 

24 July 2020

Europa Metals Ltd

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

Issue of Options and Directors' Dealings

Europa Metals, the European focused lead-zinc and silver developer, announces that, further to the approval of resolutions 5 to 9 at the Company's General Meeting held on 15 July 2020, the Company has today granted, in aggregate, 1,980,000 options to the Company's Executive and Non-Executive Directors (the "Incentive Options"). The Incentive Options are exercisable at varying premiums to 6.03 pence, being the 30-day VWAP up to and including 23 July 2020.

In addition, 20,000 options, originally intended to be issued to Daniel Smith, pursuant to the passing of resolution 9, have instead been issued to a consultant of the Company, on the same terms as the Incentive Options granted to the Non-Executive Directors. Accordingly, Daniel Smith has been granted 80,000 Incentive Options as set out below.

Further details on the Incentive Options issued to the Executive Directors and the resultant total options held by each such director are set out below:

Executive Director

Previous holding of options (post share consolidation)

Number of Incentive Options granted (Tranche 1)

Number of Incentive Options granted (Tranche 2)

Number of Incentive Options granted (Tranche 3)

Resultant holding of options

Laurence Read

225,000

150,000

400,000

150,000

925,000

Myles Campion

291,666

150,000

400,000

150,000

991,666

 

Details of the individual tranches are as follows:

a)  Tranche 1: exercisable at a price of 7.54 pence per share (being a 25% premium to the 30-day VWAP up to and including 23 July 2020) and expiring on or before 24 July 2023;

b)  Tranche 2: exercisable at a price of 9.04 pence per share (being a 50% premium to the 30-day VWAP up to and including 23 July 2020) and expiring on or before 24 July 2023; and

c)  Tranche 3: exercisable at a price of 10.55 pence per share (being a 75% premium to the 30-day VWAP up to and including 23 July 2020) and expiring on or before 24 July 2023.

 

Further details on the Incentive Options issued to the Non-Executive Directors and the resultant total options held by each such director are set out below:

 

Non-Executive Director

Previous holding of options (post share consolidation)

Number of Incentive Options granted

Exercise Price (being a 50% premium to the 30-day VWAP up to and including 23 July 2020)

Expiry Date

Resultant holding of options

Colin Bird

343,333

300,000

9.04 pence

24 July 2023

643,333

Evan Kirby

45,000

200,000

9.04 pence

24 July 2023

245,000

Daniel Smith

20,000

80,000

9.04 pence

24 July 2023

100,000

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: +61 417 978 955

Laurence Read, Executive Director (UK)

T: +44 (0)20 3289 9923

 

Strand Hanson Limited (Nominated Adviser)

Rory Murphy/Matthew Chandler

T: +44 (0)20 7409 3494

 

Turner Pope Investments (TPI) Limited (Broker)

Andy Thacker/Zoe Alexander

T: +44 (0)20 3657 0050

 

Sasfin Capital Proprietary Limited (a member of the Sasfin group)

Sharon Owens
T (direct): +27 11 809 7762

 

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 ("MAR").

 

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

Technical 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

Issue of options under the Company's Incentive Plan

 

Identification code

AU0000090060

 

b)

Nature of the Transaction

Issue of options

 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

1. 7.54 pence

2. 9.04 pence

3. 10.55 pence

150,000

400,000

150,000

d)

Aggregated information

Aggregated volume price

700,000 options

N/A

e)

Date of the transaction

24 July 2020

f)

Place of the transaction

AIM (LSE)

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Laurence Read

 

2.

Reason for the Notification

a)

Position/status

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

Issue of options under the Company's Incentive Plan

Identification code

AU0000090060

 

b)

Nature of the Transaction

Issue of options

 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

1. 7.54 pence

2. 9.04 pence

3. 10.55 pence

150,000

400,000

150,000

d)

Aggregated information

Aggregated volume price

700,000 options

N/A

e)

Date of the transaction

24 July 2020

f)

Place of the transaction

AIM (LSE)

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

1.  Colin Bird

2.  Evan Kirby

3.  Daniel Smith

2.

Reason for the Notification

a)

Position/status

1.  Non-Executive Chairman

2.  Non-Executive Director

3.  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

Issue of options under the Company's Incentive Plan

Identification code

AU0000090060

 

b)

Nature of the Transaction

Issue of options

 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

1. 9.04 pence

2. 9.04 pence

3. 9.04 pence

300,000

200,000

80,000

d)

Aggregated information

Aggregated volume price

N/A

e)

Date of the transaction

24 July 2020

f)

Place of the transaction

AIM (LSE)

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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