Europa Metals directors convert fees into equity

Europa Metals (JSE: EUZ) announced that several directors have converted an aggregate of £48,203.81 of deferred remuneration into 4,500,000 new ordinary shares. This conversion, based on a deemed issue price of approximately 1.07 pence per share, represents roughly 4.6% of the company's current issued share capital. The conversion was determined using the 30-day volume-weighted average price on AIM as of April 23, 2025, and the AUD:GBP exchange rate. Following this, application will be made to the London Stock Exchange (AIM) and the JSE Limited (AltX) for the admission of the Conversion Shares, with dealings expected to commence on May 12, 2025. Post-admission, the total issued ordinary share capital will be 102,171,790 shares. As a result of these conversions, Myles Campion's holding will be 8,483,182 Ordinary Shares and Daniel Smith's holding will be 1,625,000 Ordinary Shares.