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
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:
Identification code:
|
Performance Rights
AU000000NMT1
|
|
b)
|
Nature of the transaction:
|
Grant of Performance Rights
|
|
c)
|
Price(s) and volume(s):
|
Price
|
Volume
|
|
Nil
|
673,553
|
|
d)
|
Aggregated information:
Aggregated volume:
Price:
|
N/A
|
|
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:
Identification code:
|
Performance Rights
AU000000NMT1
|
|
b)
|
Nature of the transaction:
|
Grant of Performance Rights
|
|
c)
|
Price(s) and volume(s):
|
Price
|
Volume
|
|
Nil
|
280,647
|
|
d)
|
Aggregated information:
Aggregated volume:
Price:
|
N/A
|
|
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:
Identification code:
|
Performance Rights
AU000000NMT1
|
|
b)
|
Nature of the transaction:
|
Grant of Performance Rights
|
|
c)
|
Price(s) and volume(s):
|
Price
|
Volume
|
|
Nil
|
112,259
|
|
d)
|
Aggregated information:
Aggregated volume:
Price:
|
N/A
|
|
e)
|
Date of the transaction:
|
8 July 2023
|
|
f)
|
Place of the transaction:
|
Off Market
|