Euro Manganese Announces Share Consolidation
Euro Manganese (EUMNF) has announced a 5:1 share consolidation effective March 31, 2025. The consolidation will reduce the company's outstanding shares from 402,669,227 to 80,533,845, including CDIs listed on ASX decreasing from 206,135,115 to 41,227,023.
Trading on post-consolidation basis will commence on April 2, 2025 on TSXV and April 3, 2025 on ASX, subject to exchange approvals. Fractional shares will be rounded up if 0.5 or greater, and down if less than 0.5. The company's outstanding options will be adjusted proportionally, with exercise prices adjusted inversely to the consolidation ratio.
The consolidation applies equally to all shareholders and will not affect individual percentage holdings or substantive rights. The company's new CUSIP is 29872T209 and ISIN is CA29872T2092.
Euro Manganese (EUMNF) ha annunciato una consolidamento delle azioni 5:1 che entrerà in vigore il 31 marzo 2025. Questa operazione ridurrà le azioni in circolazione della società da 402.669.227 a 80.533.845, inclusi i CDIs quotati su ASX che scenderanno da 206.135.115 a 41.227.023.
Le negoziazioni su base post-consolidamento inizieranno il 2 aprile 2025 su TSXV e il 3 aprile 2025 su ASX, soggette alle approvazioni degli scambi. Le azioni frazionarie saranno arrotondate per eccesso se pari o superiori a 0,5 e per difetto se inferiori a 0,5. Le opzioni in circolazione della società saranno adeguate proporzionalmente, con i prezzi di esercizio modificati inversamente al rapporto di consolidamento.
Il consolidamento si applica a tutti gli azionisti e non influenzerà le percentuali di possesso individuali né i diritti sostanziali. Il nuovo CUSIP della società è 29872T209 e l'ISIN è CA29872T2092.
Euro Manganese (EUMNF) ha anunciado una consolidación de acciones 5:1 que será efectiva el 31 de marzo de 2025. La consolidación reducirá las acciones en circulación de la compañía de 402.669.227 a 80.533.845, incluyendo los CDIs listados en ASX que disminuirán de 206.135.115 a 41.227.023.
Las operaciones en base a la post-consolidación comenzarán el 2 de abril de 2025 en TSXV y el 3 de abril de 2025 en ASX, sujeto a las aprobaciones de los intercambios. Las acciones fraccionarias se redondearán hacia arriba si son 0.5 o mayores, y hacia abajo si son menores de 0.5. Las opciones en circulación de la compañía se ajustarán proporcionalmente, con los precios de ejercicio ajustados inversamente al ratio de consolidación.
La consolidación se aplica por igual a todos los accionistas y no afectará las participaciones porcentuales individuales ni los derechos sustantivos. El nuevo CUSIP de la compañía es 29872T209 y el ISIN es CA29872T2092.
유로 망가니즈 (EUMNF)는 5:1 주식 통합을 2025년 3월 31일에 시행한다고 발표했습니다. 이 통합으로 회사의 발행 주식 수는 402,669,227주에서 80,533,845주로 줄어들며, ASX에 상장된 CDI는 206,135,115주에서 41,227,023주로 감소합니다.
통합 후 거래는 2025년 4월 2일에 TSXV에서, 2025년 4월 3일에 ASX에서 시작되며, 이는 거래소의 승인을 조건으로 합니다. 주식의 소수점 이하는 0.5 이상일 경우 올림, 0.5 미만일 경우 내림 처리됩니다. 회사의 발행 옵션은 비례적으로 조정되며, 행사 가격은 통합 비율에 반비례하여 조정됩니다.
이번 통합은 모든 주주에게 동일하게 적용되며, 개인의 지분 비율이나 실질적 권리에 영향을 미치지 않습니다. 회사의 새로운 CUSIP는 29872T209이며, ISIN은 CA29872T2092입니다.
Euro Manganese (EUMNF) a annoncé une consolidation des actions 5:1 qui prendra effet le 31 mars 2025. Cette consolidation réduira le nombre d'actions en circulation de la société de 402 669 227 à 80 533 845, y compris les CDI cotés sur l'ASX qui passeront de 206 135 115 à 41 227 023.
Les transactions sur une base post-consolidation commenceront le 2 avril 2025 sur le TSXV et le 3 avril 2025 sur l'ASX, sous réserve des approbations des échanges. Les actions fractionnaires seront arrondies à l'unité supérieure si elles sont égales ou supérieures à 0,5, et à l'unité inférieure si elles sont inférieures à 0,5. Les options en circulation de la société seront ajustées proportionnellement, avec des prix d'exercice ajustés inversement au ratio de consolidation.
La consolidation s'applique également à tous les actionnaires et n'affectera pas les participations en pourcentage individuelles ni les droits substantiels. Le nouveau CUSIP de la société est 29872T209 et l'ISIN est CA29872T2092.
Euro Manganese (EUMNF) hat eine 5:1 Aktienkonsolidierung angekündigt, die am 31. März 2025 wirksam wird. Die Konsolidierung wird die ausstehenden Aktien des Unternehmens von 402.669.227 auf 80.533.845 reduzieren, einschließlich der an der ASX notierten CDIs, die von 206.135.115 auf 41.227.023 sinken werden.
Der Handel auf Basis der Nachkonsolidierung beginnt am 2. April 2025 an der TSXV und am 3. April 2025 an der ASX, vorbehaltlich der Genehmigungen der Börsen. Bruchstücke von Aktien werden aufgerundet, wenn sie 0,5 oder mehr betragen, und abgerundet, wenn sie weniger als 0,5 betragen. Die ausstehenden Optionen des Unternehmens werden proportional angepasst, wobei die Ausübungspreise umgekehrt zum Konsolidierungsverhältnis angepasst werden.
Die Konsolidierung gilt für alle Aktionäre und hat keine Auswirkungen auf die individuellen prozentualen Beteiligungen oder wesentlichen Rechte. Die neue CUSIP des Unternehmens lautet 29872T209 und die ISIN ist CA29872T2092.
- Share consolidation may improve stock marketability and attract institutional investors
- No change to shareholders' proportional ownership or rights
- Clear handling of fractional shares with favorable rounding mechanism
- Administrative burden for shareholders to exchange share certificates
- Potential short-term trading volatility during transition period
Vancouver, British Columbia and Sydney, Australia--(Newsfile Corp. - March 30, 2025) - Euro Manganese Inc. (TSXV: EMN) (ASX: EMN) (OTCQB: EUMNF) (FSE: E06) (the "Company" or "EMN") announces that, as previously announced on March 6, 2025 and as approved by its board of directors, the Company will consolidate its issued and outstanding common shares ("Common Shares") at a ratio of five (5) pre-consolidation Common Shares to one (1) post-consolidation Common Share ("Consolidation"). The Consolidation will be effective as of March 31, 2025. The Common Shares will commence trading on a post-Consolidation basis at the start of trading on April 2, 2025 on the TSX Venture Exchange ("TSXV") and the CDIs (as defined below) will commence trading on a post-Consolidation basis at the start of trading on April 3, 2025 on the Australian Securities Exchange ("ASX"), all subject to necessary securities exchange approvals.
No fractional Common Shares or CDIs will be issued as a result of the Consolidation. The holdings of any shareholder who would otherwise be entitled to receive a fractional Common Share or CDI as a result of the Consolidation shall be rounded up to the next higher whole number if the fraction is 0.5 or greater, and rounded down to the next lower whole number if the fraction is less than 0.5.
Letters of transmittal are being mailed to all registered shareholders of the Company with instructions on how to exchange existing share certificates for new share certificates or DRS statements.
Registered shareholders who hold their Common Shares via the direct registration system are not required to complete a letter of transmittal. A sample letter of transmittal is also available on the Company's profile page on SEDAR+, if a registered shareholder does not receive a letter of transmittal in respect of its Common Shares represented by share certificates.
Non-registered shareholders (i.e. beneficial shareholders) who hold their Common Shares or CDIs through an intermediary (i.e. a securities dealer, bank or financial institution) should note that the intermediary may have different procedures for processing the Consolidation from those that will be put in place by the Company for registered shareholders. Shareholders who hold their Common Shares or CDIs through an intermediary who have questions in this regard should contact their intermediary for more information.
Prior to implementing the Consolidation, the Company had 402,669,227 Common Shares issued and outstanding (including 206,135,115 Common Shares represented by CHESS Depositary Interests ("CDIs") listed on the ASX) and immediately after implementing the Consolidation, the Company will have 80,533,845 Common Shares issued and outstanding (including 41,227,023 Common Shares represented by CDIs listed on the ASX), subject to final immaterial rounding, if any. As the Consolidation applies equally to all holders of Common Shares or CDIs, individual shareholdings will be reduced in the same ratio as the total number of Common Shares or CDIs (subject to rounding). Accordingly, assuming no other market movements or impacts occur, the Consolidation will have no effect on the percentage interest in the Company of each holder of Common Shares or CDIs. In addition, the Consolidation will not result in any change to the substantive rights and obligations of existing holders of Common Shares or CDIs.
The Company's new CUSIP number is 29872T209 and its new ISIN number is CA29872T2092.
The Company's outstanding options will be reorganised in accordance with their underlying terms and ASX Listing Rule 7.22.1 (as applicable) on the same ratio as the Consolidation with respect to the underlying Common Shares exercisable pursuant to the options, with adjustments being made to exercise or conversion prices, as applicable, in inverse proportion to that ratio.
For example, a holding of 100,000 options with an exercise price of
In addition, the Consolidation will not result in any change to the substantive rights and obligations of existing holders of options. The following table summarizes the number of Common Shares (including those represented by CDIs) and options of the Company pre- and post-Consolidation.
| Securities | Pre-Consolidation | Post-Consolidation |
| Common Shares | 402,669,227 | 80,533,845 |
| Options | 21,426,989 | 4,285,398 |
About Euro Manganese
Euro Manganese is a battery materials company focused on becoming a leading producer of high-purity manganese for the electric vehicle industry. The Company is advancing development of the Chvaletice Manganese Project in the Czech Republic and an early-stage opportunity to produce battery-grade manganese products in Bécancour, Québec.
The Chvaletice Project is a unique waste-to-value recycling and remediation opportunity involving reprocessing old tailings from a decommissioned mine. It is also the only sizable resource of manganese in the European Union, strategically positioning the Company to provide battery supply chains with critical raw materials to support the global shift to a circular, low-carbon economy.
Euro Manganese is dual listed on the TSXV and the ASX and is also traded on the OTCQB.
Enquiries
Martina Blahova
Interim Chief Executive Officer
+1 (604) 681-1010
martina@mn25.ca
Neil Weber
LodeRock Advisors
Investor and Media Relations - North America
+1 (647) 222-0574
neil.weber@loderockadvisors.com
Website: www.mn25.ca
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Forward-Looking Statements
Certain statements in this news release constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable securities laws. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance, or achievements of the Company, its Chvaletice Project, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as "may", "would", "could", "will", "intend", "expect", "believe", "plan", "anticipate", "estimate", "scheduled", "forecast", "predict" and other similar terminology, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.
Readers are cautioned not to place undue reliance on forward-looking information or statements. Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company.
All forward-looking statements are made based on the Company's current beliefs including various assumptions made by the Company including that the Chvaletice Project will be developed and operate in accordance with current plans, that the Company will be able to raise the financing that it requires, and that it will meet conditions of its secured credit facility. Factors that could cause actual results or events to differ materially from current expectations include, among other things: risks and uncertainties related to maintaining necessary licenses or permits; risks related to acquisition of surface rights; securing sufficient offtake agreements; the availability of acceptable financing; the potential for unknown or unexpected events to cause contractual conditions to not be satisfied; developments in EV (Electric Vehicles) battery markets and chemistries; and risks related to fluctuations in currency exchange rates, changes in laws or regulations; and regulation by various governmental agencies. For a further discussion of risks relevant to the Company, see "Risk Factors" in the Company's annual information form for the year ended September 30, 2024, available on the Company's SEDAR+ profile at www.sedarplus.ca.
Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/246669
FAQ
What is the share consolidation ratio announced by Euro Manganese (EUMNF)?
When will EUMNF's consolidated shares begin trading on TSXV and ASX?
How many shares will EUMNF have outstanding after the consolidation?
How will EUMNF handle fractional shares in the consolidation?
How will the consolidation affect EUMNF stock options?
