Business
Suspension of trading on AIM
Suspension of trading on AIM.
About this update from Europa Metals Limited
[{"type":"text","content":"\n\n14 May 2025\nEuropa Metals Ltd\n(\"Europa Metals\", the \"Company\" or the \"Group\") (AIM, AltX: EUZ)\nSuspension of trading on AIM\nEuropa Metals, (\"Europa\" or the \"Company\"), advises that with effect from 7:30 am (UK time) today, 14 May 2025, the Company's shares will be suspended from trading on the AIM market of the London Stock Exchange, under AIM Rule 15. The Company's shares are not currently suspended on the JSE, pending further engagement with the JSE.\n \nOver the course of the last six months, the Board has reviewed a range of opportunities for the Company to deliver the best possible outcome for all shareholders. Europa has assessed several assets that have met with management's criteria of:\n \n· JORC / NI-43-101 compliant resource\n· Stable jurisdiction\n· Commodity with no barriers to entry\n· Near term production/in production\n \nUnfortunately, despite reviewing several promising projects during this time, the Company has not been able to identify a suitable opportunity with which it could have confidence on raising the required funds for both the reverse takeover itself and working capital going forward.\n \nGiven the above, the Europa Board has resolved to proceed with the return of the assets of the Company to its shareholders. The Company is currently receiving taxation advice regarding the most efficient and expedient route for this to happen and will update the market in due course.\nFor further information on the Company, please visit www.europametals.com or contact:\n \nEuropa Metals Ltd\nDan Smith, Non-Executive Director and Company Secretary (Australia)\nT: +61 8 9486 4036\nE: [email protected]\nMyles Campion, Executive Chairman and acting CEO (UK)\nE: [email protected]\n \nBeaumont Cornish (Nominated Adviser/Broker)\nJames Biddle/Roland Cornish\nT: +44 (0) 20 7628 3396\n \nQuestco Corporate Advisory Proprietary Limited (JSE Sponsor)\nDanielle Christodoulou\nT: +27 63 482 3802\n \n \nEuropa Metals Ltd is a company incorporated in Australia and limited by shares which are publicly traded on the AIM market of the London Stock Exchange (primary listing) and the AltX of the Johannesburg Stock Exchange (secondary listing).\n \nThe information contained within this ...