TIDMFME

RNS Number : 8544U

Future Metals NL

07 December 2021

7 December 2021

Future Metals NL

("Future Metals" or the "Company")

Grant of Director Performance Rights

Further to the approval of Resolution 9 at its recent Annual General Meeting ("AGM"), the Company announces that it has today issued 2,000,000 Performance Rights to Elizabeth Henson (Non-Executive Director) on the terms and conditions set out in the Explanatory Statement accompanying the Notice of AGM. The Director Performance Rights are exercisable for nil consideration up to and including 11 June 2024.

The Performance Rights will vest upon:

a) The Volume Weighted Average Price over a period of 20 consecutive trading days on the ASX being at least 30 cents (0.16 GBP at the previous day's exchange rate); and

   b)   Ms Henson remaining a Non-Executive Director for a continuous period of 12 months.

For further information, please contact :

 
 Future Metals NL                             +61 8 9480 0414 
 J ustin Tremain                              info@future-metals.com.au 
 Strand Hanson Limited (Nominated Adviser)    +44 (0) 20 7409 3494 
 James Harris 
 W H Ireland Limited (UK Broker) 
  Harry Ansell/Katy Mitchell                  +44 (0) 207 220 1670

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law pursuant to the European Union (Withdrawal) Act 2018, as amended ("MAR").

PDMR Notification Form :

The notification below is made in accordance with the requirements of MAR.

 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                              Elizabeth Henson 
     --------------------------------  --------------------------------- 
 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      Performance Rights over ordinary 
       instrument, type of instrument    shares of no par value in the 
                                         capital of the Company 
     --------------------------------  --------------------------------- 
      Identification code               AU0000157745 
     --------------------------------  --------------------------------- 
 b)   Nature of the Transaction         Grant of Performance Rights over 
                                         ordinary shares of no par value 
                                         in the capital of the Company 
     --------------------------------  --------------------------------- 
 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           7 December 2021 
     --------------------------------  --------------------------------- 
 f)   Place of the transaction           Outside of a trading venue 
     --------------------------------  ---------------------------------

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END

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(END) Dow Jones Newswires

December 07, 2021 07:29 ET (12:29 GMT)

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