Market's view on European Metals Holdings
Published on April 2024
- European Metals is undergoing a re-domiciliation from the British Virgin Islands to Australia, which involves retaining its original legal identity while changing its jurisdiction of registration.
- The re-domiciliation does not affect the company’s corporate structure and is in accordance with AIM Rule 27.
- No action is required from shareholders trading on IG regarding the jurisdiction swap, unless planning to sell.
- The company’s stock under the new jurisdiction will begin trading on AIM on 2nd May 2024, with the same ticker code EMH.
- CEZ Group discussed lithium mining and processing projects in Cinovec, indicating that full consolidation is unlikely and that partnership discussions for a battery production factory are ongoing.
- There was confusion and potential panic selling due to a misinformed email from IG suggesting a delisting from AIM and a future relisting on ASX, which was not accurate.