11 December 2023
Europa Metals Ltd
("Europa Metals", the "Company" or the "Group") (AIM, AltX: EUZ)
Conversion of Performance Rights,
Directors' Dealings and Issue of Equity
Europa Metals, the European focused lead, zinc and silver developer, announces that the Company is today issuing, in aggregate, 3,500,000 new Ordinary Shares to two directors of the Company following the conversion of performance rights (the "Conversion Shares"). The relevant performance milestone conditions for the performance rights were achieved during the course of the year. Refer to the RNS of 24 January 2023 for further details.
Application will be made to the London Stock Exchange for the abovementioned 3,500,000 Conversion Shares to be admitted to trading on AIM and to the JSE for quotation on AltX ("Admission"). It is expected that Admission will become effective and that dealings in the Conversion Shares will commence at 8.00 a.m. on Friday, 15 December 2023 on AIM and on Monday, 18 December 2023 on the JSE.
Following Admission, the Company's total issued ordinary share capital will comprise 97,671,790 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 acting CEO | 3,000,000 | 5,108,182 | 5.23 |
| Daniel Smith | Non-Executive Director | 500,000 | 500,000 | 0.51 |
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 acting CEO (UK)
T: +44 (0)20 3289 9923
Beaumont Cornish (Nominated Adviser/Broker)
James Biddle
T: +44 (0)20 7628 3396
Questco Corporate Advisory Proprietary Limited (JSE Sponsor)
Danielle Christodoulou
T: +27 (11) 011 9216
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 acting 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 performance rights
| ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information Aggregated volume price | N/A (Single transaction) | ||||
| e) | Date of the transaction | 11 December 2023 | ||||
| f) | Place of the transaction | Outside of a trading venue | ||||
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Daniel Smith
| ||||
| 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 performance rights
| ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information Aggregated volume price | N/A (Single transaction) | ||||
| e) | Date of the transaction | 11 December 2023 | ||||
| f) | Place of the transaction | Outside of a trading venue | ||||
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