8 August 2022
Europa Metals Ltd
("Europa Metals", the "Company" or the "Group") (AIM, AltX: EUZ)
Fee Conversions, Directors' Dealings and Issue of Equity
Europa Metals, the European focused lead, zinc and silver developer, announces, further to its announcement of 26 January 2022, the conversion by certain of its directors of an aggregate amount of £33,002 of deferred/accrued remuneration for the six month period ended 30 June 2022 into new ordinary shares of no par value in the capital of the Company ("Ordinary Shares") (the "Fee Conversions"). Pursuant to the Fee Conversions, the Company is today issuing, in aggregate, 906,265 new Ordinary Shares (the "Conversion Shares") at a blended issue price of approximately 3.64 pence per share as determined by applying the relevant monthly volume weighted average price for the Company's Ordinary Shares on AIM and relevant month end AUD:GBP exchange rate, as applicable, to 50 per cent. of each participating director's fees/salary for the period concerned. The Company's former Chief Executive Officer, Mr Laurence Read, is not receiving any Conversion Shares in light of his previously announced resignation (effective from 2 February 2022).
Application will be made to the London Stock Exchange for the abovementioned 906,265 Conversion Shares to be admitted to trading on AIM ("Admission") and to the Johannesburg Stock Exchange for quotation on AltX. It is expected that Admission will become effective and that dealings in the Conversion Shares will commence at 8.00 a.m. on 12 August 2022.
Following Admission, the Company's total issued ordinary share capital will comprise 80,036,914 Ordinary Shares with voting rights. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company's share capital pursuant to the Company's Constitution.
Following Admission, the beneficial shareholdings of the directors receiving Conversion Shares will be as follows:
| Director | Position | Number of Conversion Shares to be received | Total number of Ordinary Shares held on Admission | % of voting rights held on Admission |
| Myles Campion | Executive Chairman and interim-CEO | 768,529 | 1,017,323 | 1.27 |
| Dr Evan Kirby | Non-Executive Director | 137,736 | 163,594 | 0.20 |
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
Myles Campion, Executive Chairman and interim-CEO (UK)
T: +44 (0)20 3289 9923
Strand Hanson Limited (Nominated Adviser)
Rory Murphy/Matthew Chandler
T: +44 (0)20 7409 3494
WH Ireland Limited (Broker)
Harry Ansell/Dan Bristowe/Katy Mitchell/Sarah Mather
T: +44 (0)20 7220 1666
Questco Corporate Advisory Proprietary Limited (JSE Sponsor)
Sharon Owens
T: +27 (11) 011 9212
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") as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended.
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 and interim-CEO
| ||||
| 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 | Ordinary shares of no par value each
| ||||
| Identification code | AU0000090060
| |||||
| b) | Nature of the Transaction | Conversion of accrued fees
| ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information Aggregated volume price | N/A (Single transaction) | ||||
| e) | Date of the transaction | 12 August 2022 | ||||
| f) | Place of the transaction | Outside of a trading venue | ||||
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 | Dr Evan Kirby
| ||||
| 2. | Reason for the Notification | |||||
| a) | Position/status | 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 | Ordinary shares of no par value each
| ||||
| Identification code | AU0000090060
| |||||
| b) | Nature of the Transaction | Conversion of accrued fees
| ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information Aggregated volume price | N/A (Single transaction) | ||||
| e) | Date of the transaction | 12 August 2022 | ||||
| f) | Place of the transaction | Outside of a trading venue | ||||
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