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European Lithium Limited (ASX:EUR)

ALERT: Price-sensitive ASX Announcement for EUR
Current share price for EUR : $0.275 -0.19 (-40.86%)+
Announcement
Release
20 Oct 2025 9:53AM
Price at Release
$0.465
Full Release
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Summary
European Lithium Limited (ASX:EUR) announced an update to their Replacement Options Offer concerning 205,172,851 quoted options (EURO Options) set to expire on 14 November 2025. The company proposes a New Options Offer, allowing holders of unexercised EURO Options to apply for new options at a price of $0.002 each, exercisable at $0.08 until 31 December 2026. This offer is contingent on shareholder approval at the annual general meeting in November 2025. Directors of the company have committed to applying for their full allocations and to underwrite any shortfall in the offer. The initiative aims to reward long-term optionholders and maintain their engagement with the company's future growth.
Key Points
  • 205,172,851 EURO Options to expire on 14 November 2025.
  • New Options Offer proposed at $0.002 per option, exercisable at $0.08 until 31 December 2026.
  • Shareholder approval required at the upcoming AGM in November 2025.
  • Directors to apply for full allocations and underwrite any offer shortfall.
  • Offer intended to reward long-term optionholders and support future growth.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.