TIDMEUR

RNS Number : 1240E

European Lithium Limited

03 November 2020

European Lithium Ltd

("European Lithium", "EUR" or "the Company")

Issue of Shares and Options & Director/PDMR Shareholding

European Lithium announces that it has today issued 1,643,288 fully paid ordinary shares (the "Shares") and options over 20,634,199 ordinary shares with an exercise price of AU$0.05 (5 cents) expiring on 31 July 2022 (the "Options") as put to shareholders at the Company's annual general meeting in October 2020:

-- 1,466,666 of the Shares and 1,466,666 of the Options have been issued to directors of the Company, as detailed in this announcement (resolution 10 and 11)

-- 176,622 of the Shares and 176,622 of the Options have been issued to a previous director of the Company (resolution 12)

-- 11,590,911 of the Options have been issued to participants of the Company's equity placings as announced in September 2020 and as detailed in the Company's resolutions put to shareholders at the Company's annual general meeting in October 2020 (resolution 17)

-- 2,400,000 of the Options have been issued to Empire Capital Partners (resolution 18)

-- 5,000,000 of the Options have been issued to Kapital Global (resolution 20)

Malcolm Day, Non-Executive Director, has been issued 1,466,666 Shares and 1,466,666 Options.

Following the transaction, Mr Day holds an interest in:

   --      14,985,841 ordinary shares (reflecting 2.08% of the Company's issued share capital); 
   --      488,890 unlisted options (AU$0.05 expiring 31 July 2022)

Tony Sage, Non-Executive Director, has been issued 977,776 Shares and 977,776 Options.

Following the transaction, Mr Sage holds an interest in:

   --      12,132,155 ordinary shares (reflecting 1.70% of the Company's issued share capital); and 
   --      977,776 unlisted options (AU$0.05 expiring 31 July 2022)

The Company will have 719,873,189 Ordinary Shares in issue. The above figure of 719,873,189 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 of a change to their interest in the Company under the FCA's Disclosure and Transparency Rules.

The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further details:

- END -

The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014

 
 European Lithium Ltd     +61 861 819 792 
 Tony Sage                info@europeanlithium.com 
 NEX Corporate Adviser    +44 207 220 1666 
 James Joyce 
 James Sinclair-Ford

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END

NEXEAAFDELNEFFA

(END) Dow Jones Newswires

November 03, 2020 07:52 ET (12:52 GMT)

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