REG - Future Metals NL - Performance Rights Conversion and TVR

Future Metals NLAnnouncement

10/07/2023 07:30

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RNS Number : 4197F  Future Metals NL   10 July 2023

10 July 2023

Future Metals NL

Performance Rights Conversion, Issue of Securities and Total Voting Rights

Future Metals NL ("Future Metals" or the "Company", ASX|AIM: FME), announces,
in accordance with the terms of the Company's Performance Rights Plan and the
previous issue of Performance Rights approved by shareholders at the Company's
general meeting held on 4 June 2021, that 4,333,332 Class A Performance Rights
and 4,333,334 Class B Performance Rights have, on 4 July 2023, been converted
at nil cost into, in aggregate, 8,666,666 fully paid new ordinary shares of no
par value each in the Company ("Ordinary Shares") by certain Directors of the
Company (the "Conversion Shares"). The Conversion Shares issued to each
Director concerned are detailed in the table below:

 Director        Current Shareholding  Number of Performance Rights converted into Ordinary Shares  Resultant Shareholding              Resultant Number of Performance Rights held
 Allan Mulligan  -                                  2,000,000                                                    2,000,000                           1,000,000 Class C
 Justin Tremain  -                                  5,333,333                                                    5,333,333                           2,666,667 Class C
 Robert Mosig    -                                  1,333,333                                                    1,333,333                              666,667 Class C

 

Admission to Trading on AIM and Total Voting Rights

Application will be made to the London Stock Exchange for the admission to
trading on AIM of the abovementioned 8,666,666 Conversion Shares, which is
expected to take effect and dealings commence at 8.00 a.m. (London time) on or
around 13 July 2023 ("Admission").

 

The number of Ordinary Shares in issue, and the total voting rights in the
Company, on Admission, will be 421,870,703. This figure may be used by
shareholders as the denominator for the calculations by which they determine
whether they are required to notify their interest in, or a change of their
interest in, the Company under the provisions of the Company's constitution.

 

This announcement has been approved for release by the Company Secretary of
Future Metals NL.

 

ENDS

 

For further information, please contact:

 Future Metals NL                            +61 8 9480 0414
 Jardee Kininmonth                           info@future-metals.com.au (mailto:info@future-metals.com.au)

 Strand Hanson Limited (Nominated Adviser)   +44 (0) 207 409 3494
 James Harris/James Bellman

 Panmure Gordon (UK) Limited (UK Broker)     +44 (0)207 886 2500

 John Prior/Hugh Rich/Soman Thakran

 FlowComms (UK IR/PR)                        +44 (0) 789 167 7441
 Sasha Sethi

 

PDMR Notification Forms:

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Allan Mulligan
 2.  Reason for the Notification
 a)  Position/status                                              Non-Executive Director
 b)  Initial notification/amendment                               Initial notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Future Metals NL
 b)  LEI                                                          213800WZ1MNQPOAKNU50
 4.  Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv)each place
     where transactions have been conducted
 a)  Description of the Financial instrument, type of instrument  Ordinary Shares
     Identification code                                          AU0000157745
 b)  Nature of the Transaction                                    Conversion of performance rights into new Ordinary Shares
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  Nil       2,000,000
 d)  Aggregated information                                       N/A (Single transaction)

     Aggregated volume Price
 e)  Date of the transaction                                      4 July 2023
 f)  Place of the transaction                                     Outside of a trading venue

d)

Aggregated information

Aggregated volume Price

N/A (Single transaction)

e)

Date of the transaction

4 July 2023

f)

Place of the transaction

Outside of a trading venue

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Justin Tremain
 2.  Reason for the Notification
 a)  Position/status                                              Non-Executive Chairman
 b)  Initial notification/amendment                               Initial notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Future Metals NL
 b)  LEI                                                          213800WZ1MNQPOAKNU50
 4.  Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv)each place
     where transactions have been conducted
 a)  Description of the Financial instrument, type of instrument  Ordinary Shares
     Identification code                                          AU0000157745
 b)  Nature of the Transaction                                    Conversion of performance rights into new Ordinary Shares
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  Nil       5,333,333
 d)  Aggregated information                                       N/A (Single transaction)

     Aggregated volume Price
 e)  Date of the transaction                                      4 July 2023
 f)  Place of the transaction                                     Outside of a trading venue

d)

Aggregated information

Aggregated volume Price

N/A (Single transaction)

e)

Date of the transaction

4 July 2023

f)

Place of the transaction

Outside of a trading venue

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Robert Mosig
 2.  Reason for the Notification
 a)  Position/status                                              Non-Executive Director
 b)  Initial notification/amendment                               Initial notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Future Metals NL
 b)  LEI                                                          213800WZ1MNQPOAKNU50
 4.  Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv)each place
     where transactions have been conducted
 a)  Description of the Financial instrument, type of instrument  Ordinary Shares
     Identification code                                          AU0000157745
 b)  Nature of the Transaction                                    Conversion of performance rights into new Ordinary Shares
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  Nil       1,333,333
 d)  Aggregated information                                       N/A (Single transaction)

     Aggregated volume Price
 e)  Date of the transaction                                      4 July 2023
 f)  Place of the transaction                                     Outside of a trading venue

d)

Aggregated information

Aggregated volume Price

N/A (Single transaction)

e)

Date of the transaction

4 July 2023

f)

Place of the transaction

Outside of a trading venue

 

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