REG - Future Metals NL - Performance Rights Conversion

Future Metals NLAnnouncement

23/11/2023 08:15

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RNS Number : 4607U  Future Metals NL  23 November 2023

23 November 2023

Future Metals NL

Performance Rights Conversion, Issue of Securities, Director Dealing and
Change of Admission Date for Osprey Consideration Shares

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 1,966,666 Performance Rights have
been converted at nil cost into 1,966,666 fully paid new ordinary shares of no
par value each in the Company ("Ordinary Shares") by a Director and certain
technical contractors of the Company (the "Conversion Shares") (the
"Conversion").

800,000 Conversion Shares shall be issued to Mr Jardee Kininmonth, Managing
Director & CEO of the Company. Following the Conversion, Mr Kininmonth
will be interested in 1,588,605 Ordinary Shares, representing approximately
0.36% of the Company's issued share capital and further information of Mr
other options and remaining Performance Rights held in the Company is set out
the Appendix 3Y, available at the following link:

http://www.rns-pdf.londonstockexchange.com/rns/4607U_1-2023-11-23.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/4607U_1-2023-11-23.pdf)

Change of Admission Date for Osprey Consideration Shares

Future Metals also announces that, further to the Company's announcement on 17
November 2023, the admission of the 18,382,352 Consideration Shares (as
defined in such announcement) to trading on AIM is now expected to occur at
8.00 a.m. on or around 24 November 2023.

Admission to Trading on AIM and Total Voting Rights

Application has been made to the London Stock Exchange plc for the admission
to trading on AIM of the abovementioned 18,382,352 Consideration Shares on 24
November 2023 and for the admission of the 1,966,666 Conversion Shares on 28
November 2023 ("Admission"). Admission is expected to take effect and dealings
commence at 8.00 a.m. (London time) on or around 24 and 28 November 2023,
respectively.

Following admission of the Consideration Shares, the number of Ordinary Shares
in issue, and the total voting rights in the Company will be 440,253,055.
Following admission of the Conversion Shares, the number of Ordinary Shares in
issue, and the total voting rights in the Company will be 442,219,721. These
figures 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 Board of Future Metals
NL.

Further Information

 

For further information please refer to the ASX platform under ASX code FME or
visit the Company's website at www.future-metals.com.au
(http://www.future-metals.com.au) .

 

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

 

PDMR Notification Form:

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Jardee Kininmonth
 2.  Reason for the Notification
 a)  Position/status                                              Managing Director & CEO
 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       800,000
 d)  Aggregated information                                       N/A (Single transaction)

     Aggregated volume Price
 e)  Date of the transaction                                      21 November 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

21 November 2023

f)

Place of the transaction

Outside of a trading venue

 

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