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Fee Conversions, Grant of Options and Performance Rights, Directors’ Dealings and Issue of Equity
Europa Metals Ltd
(Incorporated and registered in Australia and registered as
an external company in the Republic of South Africa)
(Registration number 4459850)
(External company registration number 2011/116305/10)
Share code on the ASX: EUZ
Share code on AIM: EUZ
Share code on the JSE: EUZ
ISIN: AU0000014342
("Europa Metals" or “the Company”)
Fee Conversions, Grant of Options and Performance Rights, Directors’ Dealings and
Issue of Equity
Europa Metals, the European focused lead, zinc and silver developer, announces, further to its
announcement of 26 January 2022, the conversion by certain of its directors of an aggregate amount
of £42,880 of deferred/accrued remuneration for the six month period ended 31 December 2022 into
new 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, 1,245,988
new Ordinary Shares (the “Conversion Shares”) at a blended issue price of approximately 3.44 pence
per share as determined by applying the relevant monthly volume weighted average price for the
Company’s Ordinary Shares on AIM and relevant month end AUD:GBP exchange rate, as applicable,
to 50 per cent. of each participating director’s fees/salary for the period concerned. Such Fee
Conversions conclude the Company’s fee deferral and conversion programme.
Application will be made to the London Stock Exchange for the abovementioned 1,245,988 Conversion
Shares to be admitted to trading on AIM (“Admission”) and to the Johannesburg Stock Exchange for
quotation on AltX. It is expected that Admission will become effective and that dealings in the
Conversion Shares will commence at 8.00 a.m. on 30 January 2023.
Following Admission, the Company’s total issued ordinary share capital will comprise 94,171,790
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.
Following Admission, the beneficial shareholdings of the directors receiving Conversion Shares will be
as follows:
Director Position Number of Total number of % of voting rights
Conversion Ordinary Shares held held on Admission
Shares to be on Admission
received
Myles Executive 1,090,859 2,108,182 2.24
Campion Chairman
and acting
CEO
Dr Evan Kirby Non- 155,129 318,723 0.34
Executive
Director
Grant of Options and Performance Rights
The Company has today also granted, in aggregate, 2,000,000 options exercisable in three tranches to
two of the Company’s Directors, Daniel Smith and Myles Campion (or their nominees) (the “Incentive
Options”). Further details of the Incentive Options are set out below:
Director Previous No. of No. of No. of Resultant
holding of Incentive Incentive Incentive holding of
options Options Options Options options
granted granted granted
(Tranche 1) (Tranche 2) (Tranche 3)
Myles 1,591,667 250,000 375,000 375,000 2,591,667
Campion
Daniel Smith 180,000 250,000 375,000 375,000 1,180,000
Details of the individual tranches are as follows:
(a) Tranche 1: exercisable at a price of 3.35 pence per share (being a 25% premium to the 30-day
VWAP prior to their date of issue) and expiring on or before 3 years from their date of issue;
(b) Tranche 2: exercisable at a price of 4.02 pence per share (being a 50% premium to the 30-day
VWAP prior to their date of issue) and expiring on or before 3 years from their date of issue;
and
(c) Tranche 3: exercisable at a price of 4.69 pence per share (being a 75% premium to the 30-day
VWAP prior to their date of issue) and expiring on or before 3 years from their date of issue.
In addition, a total of 3,500,000 performance rights (“Performance Rights”) have today been issued to
Myles Campion and Daniel Smith. The Performance Rights are exercisable for nil consideration and
are subject to the following performance milestone conditions and expiry dates:
Tranche No. of Performance Milestone Condition Expiry Date
Performance
Rights and
Recipient
1 1,500,000 to Completion of the Option Agreement 2 years from the date
Myles Campion with Denarius Metals Corp. and of issue
(or his nominee) receipt of initial US$550k cash
payments
250,000 to Daniel Completion of the Option Agreement 2 years from the date
Smith (or his with Denarius Metals Corp. and of issue
nominee) receipt of initial US$550k cash
payments
2 1,500,000 to Successful Mining Licence 2 years from the date
Myles Campion Application for the Toral Project of issue
(or his nominee)
250,000 to Daniel Successful Mining Licence 2 years from the date
Smith (or his Application for the Toral Project of issue
nominee)
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
Myles Campion, Executive Chairman and acting CEO (UK)
T: +44 (0)20 3289 9923
Strand Hanson Limited (Nominated Adviser)
Rory Murphy/Matthew Chandler
T: +44 (0)20 7409 3494
WH Ireland Limited (Broker)
Harry Ansell/Dan Bristowe/Katy Mitchell/Sarah Mather
T: +44 (0)20 7220 1666
JSE Sponsor to Europa Metals
Questco Corporate Advisory Proprietary Limited
Sharon Owens
T: +27 (11) 011 9212
24 January 2023
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”) as it forms part of United Kingdom
domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended.
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 and acting CEO
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 Ordinary shares of no par value each
instrument, type of instrument Incentive options
Performance rights over ordinary shares
Identification code AU0000090060
b) Nature of the Transaction Conversion of accrued fees
Grant of incentive options under the Company’s incentive
plan
Grant of performance rights
c) Price(s) and volume(s) Price(s) Volume(s)
3.35 pence 1,090,859
4.02 pence 250,000
4.69 pence 375,000
4.64 pence 375,000
Nil pence 3,000,000
d) Aggregated information N/A (Single transaction)
Aggregated volume price
e) Date of the transaction 24 January 2023
f) Place of the transaction Outside of a trading venue
1. Details of the person discharging managerial responsibilities / person closely associated
a) Name Dr Evan Kirby
2. Reason for the Notification
a) Position/status 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 Ordinary shares of no par value each
instrument, type of instrument
Identification code AU0000090060
b) Nature of the Transaction Conversion of accrued fees
c) Price(s) and volume(s) Price(s) Volume(s)
3.44 pence 155,129
d) Aggregated information N/A (Single transaction)
Aggregated volume price
e) Date of the transaction 24 January 2023
f) Place of the transaction Outside of a trading venue
1. Details of the person discharging managerial responsibilities / person closely associated
a) Name Daniel Smith
2. Reason for the Notification
a) Position/status 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
instrument, type of instrument Incentive options
Performance rights over ordinary shares
Identification code AU0000090060
b) Nature of the Transaction Grant of incentive options under the Company’s incentive
plan
Grant of performance rights
c) Price(s) and volume(s) Price(s) Volume(s)
3.35 pence 250,000
4.02 pence 375,000
4.69 pence 375,000
Nil pence 500,000
d) Aggregated information N/A (Single transaction)
Aggregated volume price
e) Date of the transaction 24 January 2023
f) Place of the transaction Outside of a trading venue
Date: 24-01-2023 03:00:00
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