12th Jun 2020 11:48
(Alliance News) - Europa Metals Ltd on Friday said it will seek investor approval for a share consolidation plan.
The operator of Spain's Toral lead, zinc and silver project plans to trim its number of shares in issue, by consolidating 500 into 1.
Europa said this is being done "in order to bring the total number of shares in issue more in line with AIM market norms and reduce volatility".
The company will hold a general meeting to approve the share consolidation on July 15, albeit virtually due to Covid-19.
Europa shares were trading 15% lower at 0.014 pence each in London on Friday morning. In Johannesburg, the stock was flat at ZAR0.01.
By Eric Cunha; [email protected]
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