REG - Neometals Ltd - Director/PDMR Dealings

NeometalsAnnouncement

09/07/2024 10:00

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RNS Number : 6836V  Neometals Ltd  09 July 2024

9 July 2024

Neometals Ltd

("Neometals" or "the Company")

Director / PDMR Dealings

Sustainable process technology developer, Neometals Ltd (ASX: NMT & AIM:
NMT) ("Neometals" or "the Company") advises that a total of 1,066,459
performance rights (Performance Rights) have been granted to Non-Executive
Directors (NEDs) under the Company's Performance Rights Plan (PRP), as
approved by shareholders on 25 November 2022.

Under the PRP, each NED (or their nominee) is eligible to apply for the grant
of Performance Rights that represents up to 50% their FY25 Director's fees,
divided by the daily volume-weighted average market price (VWAP) of the
Company's shares traded on the Australian Securities Exchange during the five
trading days prior to the closing date of the offer (5 July 2024).

The number of Performance Rights granted to NEDs is set out below:

 Non-Executive Director  FY2025 Sacrificed (AUD)  Number of Performance Rights Granted
 Steven Cole             60,000 (36%)             673,553
 Douglas Ritchie         25,000 (25%)             280,647
 Les Guthrie             10,000 (10%)             112,259

Each Performance Right entitles the holder to a fully paid ordinary share in
the Company at no cost. Performance Rights will vest on 30 June 2025 and
vested Performance Rights are exercisable on or before 30 June 2026.

The updated interests of the NEDs (following issue of 1,066,459 Performance
Rights pursuant to the PRP) in the share capital of the Company are as
follows:

 PDMR             New performance rights  Vested performance rights  Total performance rights*  Total shares (direct and indirect)
 Steven Cole       673,553                162,809                     836,362                   2,257,055
 Douglas Ritchie   280,647                91,175                      371,822                   426,162
 Les Guthrie       112,259                25,236                      137,495                   267,066

*Includes both vested and unvested PRP Performance Rights which remain subject
to vesting conditions.

As a result of the issue of the Performance Rights to the NEDs pursuant to the
Company's PRP, the Company has the following securities on issue:

·    623,231,428 fully paid ordinary shares.

·    8,259,274 performance rights issued pursuant to the terms of the PRP,
comprising:

o  400,157 vested performance rights, which remain subject to exercise; and

o  7,859,117 unvested performance rights, which are subject to performance
testing in accordance with their terms of issue.

The above figure of 623,231,428 ordinary shares on issue may be used by
shareholders as the denominator for calculations when determining if they are
required to notify their interest in, or a change to their interest in, the
Company under the FCA's Disclosure Guidance and Transparency Rules.

Authorised on behalf of Neometals by Jason Carone, Company Secretary

 

ENDS

 

For more information, please contact:

 

 Neometals Ltd
 Chris Reed, Chief Executive Officer                      +61 8 9322 1182
 Jeremy McManus                                           +61 8 9322 1182

 Cavendish Capital Markets Limited - NOMAD & Broker
 Neil McDonald                                           +44 (0)131 220 9771
 Peter Lynch                                             +44 (0)131 220 9772
 Adam Rae                                                +44 (0)131 220 9778

 

About Neometals

Neometals facilitates sustainable critical material supply chains and reduces
the environmental burden of traditional mining in the global transition to a
circular economy.

The Company is commercialising a portfolio of sustainable processing solutions
that recycle and recover critical materials from high-value waste streams.

·    Neometals' core focus is its patented, Lithium-ion Battery ("LiB")
Recycling technology (50% NMT), being commercialised in a 50:50 incorporated
JV (Primobius GmbH) with 150-year-old German plant builder, SMS group GmbH.
Primobius is supplying Mercedes-Benz a 2,500tpa recycling plant and operates
its own LiB Disposal Service in Germany. Primobius' first 21,000tpa commercial
plant will be offered to Stelco under an existing technology licence for North
America.

Neometals is developing two advanced battery materials technologies for
commercialisation under low-risk, low-capex technology licensing business
models:

·    Lithium Chemicals (70% NMT) - Patented ELi™ electrolysis process,
co-owned 30% by Mineral Resources Ltd, to produce battery quality lithium
hydroxide from brine and/or hard-rock feedstocks at lowest quartile operating
costs. Pilot scale test work and Engineering Cost Study update planned for
completion in DecQ 2024; and

·    Vanadium Recovery (100% NMT) - Patent pending hydrometallurgical
process to produce high-purity vanadium pentoxide from steelmaking by-product
("Slag") at lowest-quartile operating cost and carbon footprint.

 

Additionally, Neometals is conducting due diligence on acquiring a proprietary
process and pilot plant to produce precious metals from waste.

For further information visit www.neometals.com.au
(http://www.neometals.com.au/)

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them:

 

  1.     Details of the person discharging managerial responsibilities/person closely
         associated
 a)      Name:                                                         Steven Cole
  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:                                                         Neometals Ltd
 b)      LEI:                                                          254900WO0PDVL8V1PY78
  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:  Performance Rights

         Identification code:

                                                                       AU000000NMT1
 b)      Nature of the transaction:                                    Grant of Performance Rights

 c)      Price(s) and volume(s):                                       Price                       Volume
         Nil                                                                                       673,553
 d)      Aggregated information:                                       N/A

         Aggregated volume:

         Price:
 e)      Date of the transaction:                                      8 July 2023

 f)      Place of the transaction:                                     Off Market

 

 

  1.     Details of the person discharging managerial responsibilities/person closely
         associated
 a)      Name:                                                         Douglas Ritchie
  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:                                                         Neometals Ltd
 b)      LEI:                                                          254900WO0PDVL8V1PY78
  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:  Performance Rights

         Identification code:

                                                                       AU000000NMT1
 b)      Nature of the transaction:                                    Grant of Performance Rights

 c)      Price(s) and volume(s):                                       Price                       Volume
         Nil                                                                                       280,647
 d)      Aggregated information:                                       N/A

         Aggregated volume:

         Price:
 e)      Date of the transaction:                                      8 July 2023

 f)      Place of the transaction:                                     Off Market

 

 

  1.     Details of the person discharging managerial responsibilities/person closely
         associated
 a)      Name:                                                         Les Guthrie
  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:                                                         Neometals Ltd
 b)      LEI:                                                          254900WO0PDVL8V1PY78
  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:  Performance Rights

         Identification code:

                                                                       AU000000NMT1
 b)      Nature of the transaction:                                    Grant of Performance Rights

 c)      Price(s) and volume(s):                                       Price                       Volume
         Nil                                                                                       112,259
 d)      Aggregated information:                                       N/A

         Aggregated volume:

         Price:
 e)      Date of the transaction:                                      8 July 2023

 f)      Place of the transaction:                                     Off Market

 

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