Equity Issue

RNS Number : 4686W

European Metals Holdings Limited

18 August 2020

 

For immediate release

18 August 2020

EUROPEAN METALS HOLDINGS LIMITED

Equity Issue

Director / PDMR Shareholding

European Metals Holdings Limited (ASX & AIM: EMH, FSE: E861.F) ("European Metals" or "the Company") advises that it has today issued 3,000,000 new Ordinary Shares (represented by Depository Interests or "DIs") in the Company in respect of an exercise of options at AU$0.166 per DI ("DIs Shares"). The proceeds of AU$498,000 will be used for general working capital.

Application will be made for the admission to trading on AIM and ASX of the new DIs Shares ("Admission"). Admission is expected to occur on or around 25 August 2020. The new DIs Shares will rank pari passu in all respects with the existing ordinary shares in European Metals.

On 14 August 2020, Inswinger Holdings Pty Ltd, a company in which Keith Coughlan (Executive Chairman) has a controlling interest, sold 2,000,000 options to subscribe for new Dis at a subscr ipt ion price of AU$0.166 per DI on before 17 August 2020 ("Options") in an off market transaction for an aggregate consideration of AU$268,000, equivalent to AU$0.134 per Option.

Total Voting Rights

Following Admission, the Company will have 159,503,798 Ordinary Shares on issue.  There are no shares held in treasury.  The total voting rights in the Company are therefore 159,503,798 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.

ENQUIRIES:

European Metals Holdings Limited Keith Coughlan, Executive Chairman 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]
Shard Capital (Joint Broker) Damon Heath Erik Woolgar	Tel:  [phone]
Blytheweigh (Financial PR) Tim Blythe Megan Ray	Tel: [phone]

The information contained within this announcement is considered to be inside information, for the purposes of Article 7 of EU Regulation 596/2014, prior to its release. 

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

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR PERSONS CLOSELY ASSOCIATED WITH THEM

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Keith Coughlan
2	Reason for the notification
a)	Position/status:	Executive Chairman
b)	Initial notification/Amendment:	Initial Notification
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:	Unlisted options to subscribe for ordinary shares (represented by Chess Depositary interests) of no par value in European Metals Holdings Limited
b)	Nature of the transaction:	Sale of options
c)	Price(s) and volume(s):	Price(s) Volume(s) AU$0.134 2,000,000
d)	Aggregated information: · Aggregated volume: · Price:	2,000,000 AU$0.134
e)	Date of the transaction:	14 August 2020
f)	Place of the transaction:	Off market

 

END

 

 

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