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
AU000000NMT1 | |
| b) | Nature of the transaction: | Cancellation of Performance Rights
| |
| c) | Price(s) and volume(s): | Price | Volume |
| nil | 165,675 | ||
| d) | Aggregated information: Aggregated volume: Price: | N/A
| |
| 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
AU000000NMT1 | |
| b) | Nature of the transaction: | Cancellation of Performance Rights | |
| c) | Price(s) and volume(s): | Price | Volume |
| nil | 133,211 | ||
| d) | Aggregated information: Aggregated volume: Price: | N/A
| |
| e) | Date of the transaction: | 23.01.2024 | |
| f) | Place of the transaction: | Off market transaction | |
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