Issue of Equity

RNS Number : 4618F

European Metals Holdings Limited

16 November 2020

 

For immediate release

16 November 2020

EUROPEAN METALS HOLDINGS LIMITED

EQUITY ISSUE

European Metals Holdings Limited (ASX & AIM: EMH, FSE: E861.F) ("European Metals" or the "Company") advises that is has today issued 705,059 new ordinary shares (represented by Depository Interests or "DI's") in the Company at a price of 19.3920 pence per DI ("DI Shares") in relation to the Fund Facility Agreement with 6466 Investments Pty Ltd and EMH ("Facility") as announced on 14 July 2020. The issue of 705,059 new DIs is in respect of the fourth advance of AUD250,000. The funds will be used to assist in funding new initiatives and ongoing operations.

In addition, the Company has today issued a further 14,762 new DIs at a price of 18.6293 pence per DI to 6466 Investments Pty Ltd and EMH in respect of the funds received for the third advance of AUD250,000 as announced on 23 October 2020, as in error only DIs  to the value of AUD245,000 were issued at that time.

Application will be made for the admission to trading on AIM and ASX of, in aggregate, 719,821 new DI Shares ("Admission"). Admission is expected to occur on or around 20 November 2020. The new DIs Shares will rank pari passu in all respects with the existing ordinary shares in European Metals.

Total Voting Rights

Following Admission, the Company will have 161,924,242 Ordinary Shares on issue. There are no shares held in treasury. The total voting rights in the Company are therefore 161,924,242 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.

WEBSITE

A copy of this announcement is available from the Company's website at www.europeanmet.com.

ENQUIRIES:

European Metals Holdings Limited Keith Coughlan, Executive Chairman Kiran Morzaria, Non-Executive Director Dennis Wilkins, 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. 

 

END

 

 

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