REG - Neometals Ltd - Director/PDMR Dealings

NeometalsAnnouncement

06/12/2024 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20241206:nRSF1242Pa&default-theme=true

RNS Number : 1242P  Neometals Ltd  06 December 2024

6 December 2024

Neometals Ltd

("Neometals" or "the Company")

Director / PDMR Dealings

Innovative battery materials recycler, Neometals Ltd (ASX: NMT & AIM: NMT)
("Neometals" or "the Company"), advises that a total of 8,057,820 performance
rights ("Performance Rights") have been granted to certain employees under the
Company's Performance Rights Plan ("PRP"), as approved by shareholders on 25
November 2022.

Each Performance Right entitles the holder to a fully paid ordinary share in
the Company at no cost. The number of Performance Rights that may vest will be
determined by reference to the extent to which the performance conditions as
measured in respect of the period ending on the relevant vesting date have
been met. The vesting date is 30 June 2027 and any vested Performance Rights
are exercisable within 24 months from the vesting date.

The updated interests of the above individuals in the share capital of the
Company are as follows:

 PDMR             Vested performance rights  New Performance Rights  Total performance rights*  Total shares (direct and indirect)  % of issued capital
 Chris Reed       nil                        2,984,582               4,370,047                  11,877,003                          1.5%
 Jennifer Purdie  nil                        710,747                 710,747                    740,773                             0.1%
 Chris Kelsall    nil                        1,647,641               1,647,641                  nil                                 0.0%

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

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

·      769,425,084 fully paid ordinary shares.

·      14,488,351 performance rights issued pursuant to the terms of the
PRP remain unvested and are subject to performance testing in accordance with
their terms of issue.

The above figure of 769,425,084 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 the Board of Neometals.

- ENDS -

For more information, please contact:

 

 Neometals Ltd
 Chris Reed, Managing Director & Chief Executive Officer       +61 8 9322 1182
 Chris Kelsall, CFO & Company Secretary                        +61 8 9322 1182

 Cavendish Capital Markets Ltd - 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. Successfully completed pilot scale test work and planning
further development with industrialisation partners under a technology
licensing business model; 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. Planning to
exploit under a technology licensing business model. Project financing process
for first commercial plant in progress.

 

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

 Details of the person discharging managerial responsibilities / person closely
 associated

                   1.                Details of the person discharging managerial responsibilities / person closely
                                     associated
                   a)                Name                                                         Christopher Reed
                   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                                                         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 in respect of the Ordinary Share Capital of nil par value
                                     Identification code                                          AU000000NMT1
                   b)                Nature of the Transaction                                    Grant of Performance Rights
                   c)                Price(s) and volume(s)                                       Price     Volume

                                                                                                  Nil        2,984,582
                   d)                Aggregated information                                       N/A

                                     Aggregated volume Price
                   e)                Date of the transaction                                      5 December 2024

                   f)                Place of the transaction                                     Off Market

 

     1.  Details of the person discharging managerial responsibilities / person closely
         associated
     a)  Name                                                         Jenny Purdie
     2.  Reason for the Notification
     a)  Position/status                                              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 in respect of the Ordinary Share Capital of nil par value
         Identification code                                          AU000000NMT1
     b)  Nature of the Transaction                                    Grant of Performance Rights
     c)  Price(s) and volume(s)                                       Price     Volume

                                                                      Nil        710,747
     d)  Aggregated information                                       N/A

         Aggregated volume Price
     e)  Date of the transaction                                      5 December 2024
     f)  Place of the transaction                                     Off Market

 

     1.  Details of the person discharging managerial responsibilities / person closely
         associated
     a)  Name                                                         Chris Kelsall
     2.  Reason for the Notification
     a)  Position/status                                              CFO and Company Secretary
     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 in respect of the Ordinary Share Capital of nil par value
         Identification code                                          AU000000NMT1
     b)  Nature of the Transaction                                    Grant of Performance Rights
     c)  Price(s) and volume(s)                                       Price     Volume

                                                                      Nil        1,647,641
     d)  Aggregated information                                       N/A

         Aggregated volume Price
     e)  Date of the transaction                                      5 December 2024
     f)  Place of the transaction                                     Off Market

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHQQLBBZLLZFBK