Wrap Text
Issue of options and directors' dealings
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 of Number of Number of Resultant
Director of options Incentive Incentive Incentive holding of
Options Options Options options
granted granted granted
(Tranche 1) (Tranche 2) (Tranche 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 Price Expiry Date Resultant
Director holding of Incentive (being a 45% holding of
options Options premium to options
granted the 10-day
VWAP up to
and including
17 December
2020)
Evan Kirby 245,000 100,000 12.89 pence 18 December 345,000
2023
Daniel Smith 100,000 80,000 12.89 pence 18 December 180,000
2023
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 Incentive Plan
instrument, type of instrument
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 Incentive Plan
instrument, type of instrument
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 Incentive Plan
instrument, type of instrument
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)
Date: 18-12-2020 09:00:00
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