Eurasia Mining PLC Exercise of Options (2656S)
November 03 2023 - 3:05AM
UK Regulatory
TIDMEUA
RNS Number : 2656S
Eurasia Mining PLC
03 November 2023
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED IN
REGULATION NO. 596/2014 (AS IT FORMS PART OF RETAINED EU LAW AS
DEFINED IN THE EUROPEAN UNION (WITHDRAWAL) ACT 2018) AND IS IN
ACCORDANCE WITH THE COMPANY'S OBLIGATIONS UNDER ARTICLE 7 OF THAT
REGULATION.
3 November 2023
Eurasia Mining Plc
Exercise of Options
Eurasia Mining Plc ("Eurasia" or the "Company"), the palladium,
platinum, rhodium, iridium and gold mining company, announces that
it has received notice to exercise options from Christian
Schaffalitzky, the Company's Executive Chairman, to subscribe for a
total of 6,000,000 new ordinary shares of 0.1 pence each ("Option
Shares") (the "Exercise"). These share options were due to expire
on 2 November 2023.
The 6,000,000 Option Shares were exercised at 0.42 pence each
and the total proceeds from the Exercise are GBP25,200.
Following the Exercise, Mr Schaffalitzky has a beneficial
interest in 95,569,517 of the Company's ordinary shares of 0.1
pence each ("Ordinary Shares"), representing 3.4% of the Company's
issued share capital, with voting rights.
Application for Admission
Application has been made for the Option Shares to be admitted
to trading on AIM ("Admission") and dealings are expected to
commence on or around 8 November 2023. The Option Shares will rank
pari passu in all respects with the Company's existing Ordinary
Shares.
Outstanding Options and Warrants
The remaining share options which were due to expire on 2
November 2023 have now lapsed. As such the Company has the
following outstanding share options and warrants:
-- 53,306,751 warrants exercisable at 26.5 pence, expiring 20 May 2024; and
-- 41,551,563 warrants exercisable at 26.0 pence, expiring 20 September 2024.
Total voting rights
Following Admission, the Company will have 2,864,559,995
Ordinary Shares in issue. The Company has no shares in treasury,
therefore the figure of 2,864,559,995 Ordinary Shares should be
used by shareholders for the calculations by which they will
determine if they are required to notify their interest in, or a
change in their interest in, the share capital of the Company under
the FCA's Disclosure Guidance and Transparency Rules.
For further information, please contact:
Eurasia Mining Plc
Christian Schaffalitzky/ Keith Byrne
+44 (0)207 932 0418
SP Angel Corporate Finance LLP (Nomad and Broker)
Jeff Keating / David Hignell / Adam Cowl
+44 (0)20 3470 0470
Notification of transaction by Person Discharging Managerial
Responsibilities ("PDMR")
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Christian Schaffalitzky
--------------------------------- ------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status Executive Chairman
--------------------------------- ------------------------------------
b) Initial notification/Amendment Initial notification
--------------------------------- ------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name Eurasia Mining plc
--------------------------------- ------------------------------------
b) LEI 213800VWNISV35PTI539
--------------------------------- ------------------------------------
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 0.1 pence each
instrument, type of
instrument
GB0003230421
Identification code
--------------------------------- ------------------------------------
b) Nature of the transaction Exercise of 6,000,000 new ordinary
shares of 0.1 pence for cash
--------------------------------- ------------------------------------
c) Price(s) and volume(s) Price Volume
0.42p 6,000,000
----------
--------------------------------- ------------------------------------
d) Aggregated information N/A
--------------------------------- ------------------------------------
e) Date of the transaction 2 November 2023
--------------------------------- ------------------------------------
f) Place of the transaction Outside a Trading Venue
--------------------------------- ------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
IOEZZMGMZZMGFZZ
(END) Dow Jones Newswires
November 03, 2023 03:05 ET (07:05 GMT)
Eurasia Mining (LSE:EUA)
Historical Stock Chart
From Dec 2024 to Jan 2025
Eurasia Mining (LSE:EUA)
Historical Stock Chart
From Jan 2024 to Jan 2025
