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RNS Number : 2208K Future Metals NL 27 May 2025
27 May 2025
Future Metals NL
Entitlement Offer - Extension of Closing Date
Future Metals NL (Future Metals or the Company, ASX | AIM: FME) provides the
following update on the Entitlement Offer announcement of 7 May 2025 and the
subsequent launch of the offer through the Entitlement Offer Booklet dated 15
May 2025.
The Company advises that the Board has resolved that the closing date for the
Entitlement Offer be extended to 5.00pm (AWST) / 10.00am (BST) on 13 June
2025.
The Company has received notification on 20 May 2025 that Foreign Investment
Review Board ("FIRB") has requested an extension to complete Zeta's
application to underwrite the Entitlement. The extension of the Closing Date
for the Entitlement Offer will allow Zeta to receive confirmation regarding
its FIRB application and allow eligible shareholders more time to consider the
opportunity to take up their entitlements.
The revised indicative timetable for the remaining dates of the Entitlement
Offer is set out below:
Event Date
Entitlement Offer closes Friday, 13 June 2025
Last day for submitting CREST instructions
Trading commencing on deferred settlement basis 16 June 2025
Announcement of results under the Entitlement Offer 20 June 2025
Issue of New Shares under the Entitlement Offer
Commencement of normal trading for New Shares issued under the Entitlement 23 June 2025
Offer on the ASX and AIM
CREST accounts credited with New Shares
* The Company reserves the right, subject to the Corporations Act, the ASX
Listing Rules, AIM Rules for Companies and other applicable laws, to vary the
dates of the Entitlement Offer, including extending the closing date of the
Entitlement Offer or accepting late applications, without notice. The
commencement of quotation and trading of New Shares is subject to confirmation
from the ASX.
Further details of the Entitlement Offer, including details on how to accept
the Entitlement Offer and key risks associated with an investment in the
Company are set out in the Offer Booklet. Applications for securities under
the Entitlement Offer may only be made by completing the Entitlement and
Acceptance Form which accompanies the Offer Booklet. Shareholders eligible to
participate in the Entitlement Offer should read the Offer Booklet carefully
and consult their professional advisers as necessary. Depositary Interest
Holders should refer to the Depositary Interest Holders letter distributed to
them at the same time as the Offer Booklet or contact Computershare Investor
Services PLC on +44 (0370) 702 0000 for further information.
This release has been approved for release by the Board of Future Metals NL.
For further information, please contact:
Future Metals NL Strand Hanson Limited (Nominated Adviser)
Patrick Walta James Bellman / Rob Patrick
+61 8 9480 0414 +44 (0) 20 7409 3494
info@future-metals.com.au
NOT AN OFFER
This announcement is for information purposes only and is not a prospectus,
product disclosure statement or any other offering document under Australian
law or the law of any other jurisdiction (and will not be lodged with the
Australian Securities and Investments Commission ("ASIC") or any foreign
regulator). The information does not and will not constitute or form part of
an offer, invitation, solicitation or recommendation in relation to the
subscription, purchase or sale of securities in any jurisdiction and neither
this announcement nor anything in it shall form any part of any contract for
the acquisition of Future Metals' securities. The distribution of this
announcement in jurisdictions outside Australia may be restricted by law and
you should observe any such restrictions.
The total consideration under the Entitlement Offer shall be less than, and
therefore cannot exceed, €8 million (or an equivalent pounds sterling
amount) in aggregate and so, in accordance with Section 85 and Schedule 11A of
the United Kingdom's Financial Services and Markets Act 2000, as amended
(FSMA), the Entitlement Offer does not require the issue of a prospectus in
the United Kingdom for the purposes of the United Kingdom's Prospectus
Regulation Rules (PRR). The Entitlement Offer does not constitute an offer to
the public requiring an approved prospectus under section 85 of FSMA and
accordingly, neither this announcement, nor the Prospectus, shall constitute a
prospectus for the purposes of the PRR. This announcement and the Entitlement
Offer booklet have not been, and neither will be, reviewed or approved by the
United Kingdom's Financial Conduct Authority pursuant to sections 85 of FSMA,
the London Stock Exchange or any other authority or regulatory body in the
United Kingdom. Accordingly, neither this announcement nor the Entitlement
Offer booklet contain the extent of the information and disclosures that would
typically be included in a UK prospectus.
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES OF AMERICA
This announcement has been prepared for publication in Australia and may not
be released to US wire services or distributed in the United States. This
announcement does not constitute an offer to sell, or a solicitation of an
offer to buy, securities in the United States or any other jurisdiction. Any
securities described in this announcement have not been, and will not be,
registered under the US Securities Act of 1933 ("US Securities Act") and may
not be offered or sold in the United States except in transactions exempt
from, or not subject to, registration under the US Securities Act and
applicable US state securities laws.
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