For immediate release
28 March 2024
European Metals Holdings Limited
("European Metals" or the "Company")
Equity Issue aND CESSATION OF PERFORMANCE RIGHTS AND OPTIONS
European Metals Holdings Limited, (ASX & AIM: EMH, OTCQX: EMHXY, ERPNF and EMHLF) ("European Metals" or the "Company"), announces that it has completed the issue of 120,000 new ordinary shares (represented by Chess Depository Interests of "CDIs") ("New Ordinary Shares") pursuant to the exercise and conversion of vested performance rights (70,000 performance rights expiring 20 December 2025 and 50,000 performance rights expiring 30 November 2024).
Application has been made for the New Ordinary Shares represented by the CDIs to be admitted to trading on AIM, with admission expected to take place on 5 April 2024. The New Ordinary Shares will rank pari passu in all respects with the existing ordinary shares in European Metals.
The Company also advised that it has cancelled 50,000 performance rights and 1,000,000 performance options to acquire fully paid ordinary shares, due to lapse of conditional right to securities because the conditions have not been, or have become incapable of being, satisfied.
Total Voting Rights
Following Admission of the above, the Company will have 207,444,705 Ordinary Shares on issue. There are no shares held in treasury. The total voting rights in the Company are therefore 207,444,705 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.
This announcement has been approved for release by the Board.
CONTACT
For further information on this update or the Company generally, please visit our website at www.europeanmet.com or see full contact details at the end of this release.
ENQUIRIES:
European Metals Holdings Limited Keith Coughlan, Executive Chairman
Kiran Morzaria, Non-Executive Director
Henko Vos, Company Secretary |
Tel: +61 (0) 419 996 333 Email: keith@europeanmet.com
Tel: +44 (0) 20 7440 0647
Tel: +61 (0) 400 550 042 Email: cosec@europeanmet.com
|
WH Ireland Ltd (Nomad & Broker) James Joyce / Darshan Patel / Isaac Hooper (Corporate Finance) Harry Ansell (Broking)
|
Tel: +44 (0) 20 7220 1666
|
Blytheweigh (Financial PR) Tim Blythe Megan Ray
Chapter 1 Advisors (Financial PR - Aus) David Tasker
| Tel: +44 (0) 20 7138 3222
Tel: +61 (0) 433 112 936 |
The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014 ("MAR") as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 and is disclosed in accordance with the Company's obligations under Article 17 of MAR.
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