Business
Notice of AGM and Share Plan
Notice of AGM and Share Plan.
About this update from European Metals Holdings Ltd
[{"type":"text","content":"\n \nRNS Number : 9946V European Metals Holdings Limited 09 November 2017 \n\nFor immediate release\n9 November 2017\nEUROPEAN METALS HOLDINGS LIMITED\n \nNotice of Annual General Meeting\nEmployee Securities Incentive Plan (\"Plan\")\nProposed issue of Plan CDIs to Directors\n \nEuropean Metals Holdings Limited (\"European Metals\" or \"the Company\") (ASX and AIM: EMH), advises that it has today published the Notice of Annual General Meeting (\"Notice\") which will be held at 11.00am WST on 30 November 2017 at Suite 12, Level 1, 11 Ventnor Avenue, West Perth WA 6005. A copy of the Notice is available from the company's website.\n \nThe Notice includes a resolution (Resolution 7) to approve the adoption of an employee securities incentive plan (\"Plan\"). Under the Plan, should it be approved, the Company can issue shares, options or performance rights to eligible Directors, employees and consultants in order to attract, motivate and retain such persons and to provide them with an incentive to deliver growth and value to all Shareholders. Under the Plan, the Board may offer to eligible persons the opportunity to subscribe for such number of securities in the Company as the Board may decide and on the terms set out in the rules of the Plan, a summary of which is set out at Schedule 3 of the Notice and which is reproduced in full in the Appendix to this announcement without material adjustment or amendment. \n \nIf Resolution 7 to approve the Plan is passed at the Annual General Meeting, the Company will be able to issue Equity Securities under the Plan to eligible participants over a period of 3 years without impacting on the Company's ability to issue up to 15% of its total ordinary securities without Shareholder approval in any 12 month period. No Equity Securities have previously been issued under the proposed Plan as it is a new employee incentive scheme and has not previously been approved by Shareholders.\n \nThe Notice also included a resolution (Resolution 8) to award in aggregate 1,650,000 CHESS Depository Interests representing beneficial ownership in a Share (\"CDIs\") to the Directors under the Plan on the following basis:\n \n\n\n\n\nDirector\n\n\nCDIs to be awarded under the Plan\n\n\n\n\nMr Keith Coughlan\n\n\n850,000 CDIs\n\n\n\n\nMr David Reeves\n\n\n300,000 CDIs\n\n\n\n\nMr R...