TIDMEUZ
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 Previous holding Number Number of Number of Resultant
Director of options of Incentive Incentive Incentive holding
Options Options Options of options
granted granted granted
(Tranche (Tranche (Tranche
1) 2) 3)
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 Previous Number of Exercise Expiry Date Resultant
Director holding of Incentive Price (being holding
options Options a 45% premium of options
granted to the 10-day
VWAP up
to and including
17 December
2020)
18 December
Evan Kirby 245,000 100,000 12.89 pence 2023 345,000
------------ ----------- ------------------ ------------ ------------
18 December
Daniel Smith 100,000 80,000 12.89 pence 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 / EuropaMetals@Tavistock.co.uk
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 Issue of options under the Company's
instrument, type of instrument 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 200,000
2. 8.89 pence 200,000
3. 8.89 pence 200,000
----------
-------------------------------- -------------------------------------
d) Aggregated information 600,000 options
Aggregated volume price 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 Issue of options under the Company's
instrument, type of instrument 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 200,000
2. 8.89 pence 200,000
3. 8.89 pence 200,000
----------
-------------------------------- -------------------------------------
d) Aggregated information 600,000 options
Aggregated volume price 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 Issue of options under the Company's
instrument, type of instrument 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 100,000
2. 12.89 pence 80,000
----------
-------------------------------- -------------------------------------
d) Aggregated information N/A
Aggregated volume price
-------------------------------- -------------------------------------
e) Date of the transaction 18 December 2020
-------------------------------- -------------------------------------
f) Place of the transaction AIM (LSE)
-------------------------------- -------------------------------------
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