14th Jun 2016 10:22
LONDON (Alliance News) - European Metals Holdings Ltd on Tuesday said it has issued 1.2 million shares, represented by chess depository interests, in respect of an exercise of options, taking the total number of shares in issue to 103.5 million.
European Metals currently trades on the Australian Stock Exchange and the AIM market. Its issued capital comprises of chess depository interests, which allow shares of foreign companies to be traded on the Australian exchange markets. The owner of the CDI has beneficial interest in the underlying shares instead of the legal title.
The company said the shares were issued for an exercise of options at an issue price of AUD0.10 per chess depository interest.
Admission of the shares to the AIM market is expected on or around June 20, European Metals said.
Shares in European Metal were down 9.1% at 24.55 pence on Tuesday on the AIM market and were up 1.0% at AUD0.490 on the Australian Stock Exchange.
By Hannah Boland; [email protected]; @Hannaheboland
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