Business
Fee Conversions and Issue of Equity
Fee Conversions and Issue of Equity.
About this update from Europa Metals Limited
[{"type":"text","content":"\n\n7 May 2025\nEuropa Metals Ltd\n(\"Europa Metals\", the \"Company\" or the \"Group\") (AIM, AltX: EUZ)\nFee Conversions, Directors' Dealings and Issue of Equity\n \nEuropa Metals, (\"Europa\" or the \"Company\"), advises of the conversion by certain of its directors of an aggregate amount of £48,203.81 of deferred/accrued remuneration for the 18 month period ended 31 March 2025 into new fully paid 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, 4,500,000 new Ordinary Shares (the \"Conversion Shares\") being c.4.6% of the Company's current issued share capital, at a deemed issue price of approximately 1.07 pence per share as determined using a 30-day volume weighted average price for the Company's Ordinary Shares on AIM 23 April 2025 and relevant AUD:GBP exchange rate of A$1: £0.48 at 23 April 2025.\nApplication will be made to the London Stock Exchange for the abovementioned 4,500,000 Conversion Shares to be admitted to trading on AIM and to the JSE Limited for quotation thereof 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 12 May 2025.\nFollowing Admission, the Company's total issued ordinary share capital will comprise 102,171,790 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.\nFollowing Admission, the beneficial shareholdings of the directors receiving Conversion Shares will be as follows:\n \n\n\n\n\nDirector\n\n\nPosition\n\n\nNumber of Conversion Shares to be received\n\n\nTotal number of Ordinary Shares held on Admission\n\n\n% of voting rights held on Admission\n\n\n\n\nMyles Campion\n\n\nExecutive Chairman and acting CEO\n\n\n3,375,000\n\n\n8,483,182\n\n\n8.30\n\n\n\n\nDaniel Smith\n\n\nNon-Executive Director\n\n\n1,125,000\n\n\n1,625,000\n\n\n1.59\n\n\n\n\n \nFor further information on the Company, please visit www.europametals.com or contact:\n \nEuropa Metals Ltd\nDan Smith, Non-Executive Director an...