Last checked at 27 Jul 2021 08:18
For immediate release
27 July 2021
EUROPEAN METALS HOLDINGS LIMITED
EUROPEAN METALS HOLDINGS LEVEL 1 AMERICAN DEPOSITORY SHARES PROGRAM (ADS:EMHXY)
European Metals Holdings Limited (EMH, Company) (ASX & AIM: EMH, OTC - Nasdaq Intl ADS: EMHXY) is pleased to announce that its American Depository Share (ADS) program will become available for trading in the US on Tuesday 27 July 2021.
EMH's ADS will trade in the US over-the-counter (OTC) market under the symbol EMHXY. One EMH ADS represents twenty existing EMH chess depositary instruments.
The ADS program does not involve the issuance of new shares or the raising of new capital by the Company.
ADSs allow US investors to buy shares in foreign companies through US registered securities without the need for cross-border or cross-currency transactions. They are priced in US dollars and can be traded like shares of US-based companies.
EMH's chess depositary instruments will also continue to trade on the OTC market in the US as foreign securities under the ticker code ERPNF.
EMH will remain a member company of the Nasdaq International Designation and is not listed or traded on the NASDAQ Stock Market, LLC.
Deutsche Bank Trust Company Americas is the depositary bank for the program. www.adr.db.com
Frequently asked questions and answers in relation to ADS's are annexed to this announcement.
CONTACT
For further information on this update or the Company generally, please visit our website at www.europeanmet.com or see full contact details at the end of this release.
WEBSITE
A copy of this announcement is available from the Company's website at www.europeanmet.com.
The Board of Directors of European Metals Holdings authorised this announcement to be given to ASX.
ENQUIRIES:
European Metals Holdings Limited Keith Coughlan, Executive Chairman
Kiran Morzaria, Non-Executive Director
Dennis Wilkins, Company Secretary |
Tel: +61 (0) 419 996 333 Email: keith@europeanmet.com
Tel: +44 (0) 20 7440 0647
Tel: +61 (0) 417 945 049 Email: dennis@europeanmet.com
|
WH Ireland Ltd (Nomad & Joint Broker) James Joyce/James Sinclair-Ford (Corporate Finance) Harry Ansell/Jasper Berry (Broking)
|
Tel: +44 (0) 20 7220 1666
|
Shard Capital (Joint Broker) Damon Heath Erik Woolgar
| Tel: +44 (0) 20 7186 9950 |
Blytheweigh (Financial PR) Tim Blythe Megan Ray
Chapter 1 Advisors (Financial PR - Aus) David Tasker
| Tel: +44 (0) 20 7138 3222
Tel: +61 (0) 433 112 936 |
The information contained within this announcement is considered to be inside information, for the purposes of Article 7 of EU Regulation 596/2014, prior to its release. The person who authorised for the release of this announcement on behalf of the Company was Keith Coughlan, Executive Chairman.