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Europa Metals' Laurence Read outlines share consolidation and plans for constitution amendments

Europa Metals' (LON:EUZ) Laurence Read speaks to Proactive's Andrew Scott after announcing they're to ask shareholders to approve a 500-for-one share consolidation as part of its general meeting next month.

He says the resolutions, which also include amendments to the company's constitution, are designed to better align it with other AIM quoted companies.

He adds that further to a cost cutting programme already implemented at the beginning of the coronavirus outbreak, the board is seeking to put in place a new share option plan to help incentivise key staff.

Quick facts: Europa Metals Ltd

Price: 11.25 GBX

AIM:EUZ
Market: AIM
Market Cap: £5.53 m
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Europa Metals reveals 'excellent' metallurgical testing and ore sorting...

Europa Metals Ltd's (LON:EUZ) Laurence Read and Myles Campion speak to Proactive after announcing what they've described as excellent metallurgical testing and ore sorting results from its Toral project in Spain. An independent consultant tested the grade and recoveries from three distinct...

on 28/8/20

2 min read