REG - Neometals Ltd - Director/PDMR Shareholding

NeometalsAnnouncement

23/01/2024 17:30

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RNS Number : 6705A  Neometals Ltd  23 January 2024

 

 

23 January 2024

Neometals Ltd

("Neometals" or "the Company")

 

Director / PDMR Dealings

 

Innovative battery materials recycler, Neometals Ltd (ASX: NMT & AIM:
NMT), advises that a total of 318,946 performance rights (Performance Rights)
have been granted to certain employees and contractors 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 on 30
June 2026 (or 31 December 2026) 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. Any vested Performance
Rights are exercisable within 12 months from the vesting date.

 

Neometals also advises that 1,557,561 Performance Rights have been cancelled
owing to conditions not having been met or becoming incapable of being
satisfied. Included within this cancelation are 165,675 Performance Rights
previously awarded to Chris Reed, Chief Executive Officer, and 133,211
Performance Rights previously awarded to Jason Carone, Chief Financial Officer
and Company Secretary.

 

The updated interests of the above individuals (following cancellation of
1,557,561 Performance Rights pursuant to the PRP) in the share capital of the
Company are as follows:

 

 PDMR          Vested performance rights  Total performance rights*  Total shares (direct and indirect)  % of issued capital
 Chris Reed    Nil                        1,385,465                  9,636,079                           1.5%
 Jason Carone  Nil                        695,563                    1,170,000                           0.19%

 

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

 

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

·    622,690,316 fully paid ordinary shares.

·    7,733,927 performance rights issued pursuant to the terms of the PRP,
comprising:

·    200,000 vested performance rights, which remain subject to exercise;
and

·    7,533,927 unvested performance rights, which are subject to
performance testing in accordance with their terms of issue.

 

The above figure of 622,690,316 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.

 

For more information, please contact:

 

 Neometals Ltd
 Chris Reed, Managing Director & Chief Executive Officer       +61 8 9322 1182
 Jeremy McManus, General Manager - IP & IR                     +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

 Camarco PR                                                   + 44 (0)203 757 4980
 Gordon Poole
 Emily Hall
 Lily Pettifar

 

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:                                                         Chris Reed, in the name of Gold Mines of Kalgoorlie Pty Ltd
  2.     Reason for the notification
 a)      Position/status:                                              Managing Director / Chief Executive Officer
 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:                                    Cancellation of Performance Rights

 c)      Price(s) and volume(s):                                       Price                                    Volume
         nil                                                                                                    165,675
 d)      Aggregated information:                                       N/A

         Aggregated volume:

         Price:
 e)      Date of the transaction:                                      23.01.2024
 f)      Place of the transaction:                                     Off market transaction

 

  1.     Details of the person discharging managerial responsibilities/person closely
         associated
 a)      Name:                                                         Jason Carone, in the name of Penske Holdings Pty Ltd ATF the Carone Family
                                                                       Trust
  2.     Reason for the notification
 a)      Position/status:                                              Chief Financial Officer & 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:                                    Cancellation of Performance Rights
 c)      Price(s) and volume(s):                                       Price                                    Volume
         nil                                                                                                    133,211
 d)      Aggregated information:                                       N/A

         Aggregated volume:

         Price:
 e)      Date of the transaction:                                      23.01.2024
 f)      Place of the transaction:                                     Off market transaction

 

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