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Europa Metals Ltd (EUZ)

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Friday 18 December, 2020

Europa Metals Ltd

Issue of Options and Directors' Dealings

RNS Number : 1391J
Europa Metals Ltd
18 December 2020
 

18 December 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 2 to 5 at the Company's Annual General Meeting held on 30 November 2020, the Company has today granted, in aggregate, 1,380,000 options to the Company's Executive and Non-Executive Directors (the "Incentive Options"). The Incentive Options are exercisable at 8.89 pence per share for the Executive Directors and at 12.89 pence per share for the Non-Executive Directors, being the 10-day VWAP and a 45% premium to the 10-day VWAP, up to and including 17 December 2020, respectively.

In addition, 20,000 options, originally intended to be issued to Daniel Smith, pursuant to the passing of resolution 5, 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

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

925,000

200,000

200,000

200,000

1,525,000

Myles Campion

991,666

200,000

200,000

200,000

1,591,666

 

Details of the individual tranches are as follows:

a)  Tranche 1: vests on the delineation, by an independent third party, of greater than a 4.5Mt Indicated Resource estimate at the Toral Project, reported in accordance with JORC (2012), exercisable at a price of 8.89 pence per share and expiring on or before 18 December 2023;

b)  Tranche 2: vests on the delivery of a positive Pre-feasibility Study at the Toral Project with an independent recommendation for the Company to continue advancing the project, exercisable at a price of 8.89 pence per share and expiring on or before 18 December 2023; and

c)  Tranche 3: vests on the submission of an application for a Mining Licence at the Toral Project, exercisable at a price of 8.89 pence per share and expiring on or before 18 December 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

Number of Incentive Options granted

Exercise Price (being a 45% premium to the 10-day VWAP up to and including 17 December 2020)

Expiry Date

Resultant holding of options

Evan Kirby

245,000

100,000

12.89 pence

18 December 2023

345,000

Daniel Smith

100,000

80,000

12.89 pence

18 December 2023

180,000

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, CEO (UK)

T: +44 (0)20 3289 9923

 

Linkedin: Europa Metals ltd

Twitter: @ltdeuropa

Vox: Europametals

 

Strand Hanson Limited (Nominated Adviser)

Rory Murphy/Matthew Chandler

T: +44 (0)20 7409 3494

 

Tavistock (PR and IR)

Emily Fenton, Barney Hayward, Oliver Lamb

T: +44 (0)20 7920 3150 / [email protected]

 

Turner Pope Investments (TPI) Limited (Broker)

Andy Thacker

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

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

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. 8.89 pence

2. 8.89 pence

3. 8.89 pence

200,000

200,000

200,000

d)

Aggregated information

Aggregated volume price

600,000 options

N/A

e)

Date of the transaction

18 December 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

CEO & 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. 8.89 pence

2. 8.89 pence

3. 8.89 pence

200,000

200,000

200,000

d)

Aggregated information

Aggregated volume price

600,000 options

N/A

e)

Date of the transaction

18 December 2020

f)

Place of the transaction

AIM (LSE)

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

1.  Evan Kirby

2.  Daniel Smith

2.

Reason for the Notification

a)

Position/status

1.  Non-Executive Director

2.  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. 12.89 pence

2. 12.89 pence

100,000

80,000

d)

Aggregated information

Aggregated volume price

N/A

e)

Date of the transaction

18 December 2020

f)

Place of the transaction

AIM (LSE)

 

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