3 July 2024
Future Metals NL
Grant of Director Performance Rights
Future Metals NL ("Future Metals" or the "Company", ASX | AIM: FME) announces that it has granted 15,500,000 Performance Rights to Directors of the Company, on the terms and conditions set out in the Explanatory Statement accompanying the Notice of General Meeting dated 24 May 2024, which was approved by shareholders on 25 June 2024.
Under the Company's Performance Rights Plan, the 15,500,000 Performance Rights are exercisable for nil consideration up to and including 28 June 2027 and are subject to the vesting criteria outlined in the table below:
| Vesting Condition | Number of Performance Rights | |||
| | Patrick Walta | John Carr | Sam Rodda | Justin Tremain
|
| The Company announcing: (a) subject to the approval of Shareholders, the entry into a merger and acquisition agreement; or (b) the Company's decision to mine on the Panton PGM Project.
| 5,000,000 | 2,500,000 | 2,500,000 | 2,500,000 |
| The volume weighted average price ("VWAP") of the Company's ordinary shares exceeding A$0.10 per share for at least 20 consecutive trading days on which the Company's shares have actually traded.
| - | 500,000 | 500,000 | 500,000 |
| The VWAP of the Company's ordinary shares exceeding A$0.15 per share for at least 20 consecutive trading days on which the Company's shares have actually traded.
| - | 500,000 | 500,000 | 500,000 |
| Total | 5,000,000 | 3,500,000 | 3,500,000 | 3,500,000 |
Further information on the Directors' interests in the securities of the Company is set out the Appendix 3Y, available at the following link: http://www.rns-pdf.londonstockexchange.com/rns/0273V_1-2024-7-3.pdf
Further details are provided in the below PDMR Notification Forms, announced in accordance with Article 19 of the Market Abuse Regulation (EU) 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR").
This announcement has been approved for release by the Company Secretary of Future Metals NL.
Further Information
For further information please refer to the ASX platform under ASX code FME or visit the Company's website at www.future-metals.com.au.
| Future Metals NL | +61 8 9480 0414 |
| Patrick Walta | |
| Strand Hanson Limited (Nominated Adviser) | +44 (0) 207 409 3494 |
| James Bellman / Rob Patrick | |
PDMR Notification Forms:
The notifications below are made in accordance with the requirements of MAR.
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Patrick Walta | ||||
| 2. | Reason for the Notification | |||||
| a) | Position/status | Executive Chair | ||||
| 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 instrument, type of instrument | Performance Rights over ordinary 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) |
| ||||
| d) | Aggregated information Aggregated volume Price | N/A (Single transaction) | ||||
| e) | Date of the transaction | 28 June 2024 | ||||
| f) | Place of the transaction | Outside of a trading venue | ||||
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | John Carr | ||||
| 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 instrument, type of instrument | Performance Rights over ordinary 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) |
| ||||
| d) | Aggregated information Aggregated volume Price | N/A (Single transaction) | ||||
| e) | Date of the transaction | 28 June 2024 | ||||
| f) | Place of the transaction | Outside of a trading venue | ||||
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Sam Rodda | ||||
| 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 instrument, type of instrument | Performance Rights over ordinary 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) |
| ||||
| d) | Aggregated information Aggregated volume Price | N/A (Single transaction) | ||||
| e) | Date of the transaction | 28 June 2024 | ||||
| f) | Place of the transaction | Outside of a trading venue | ||||
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Justin Tremain | ||||
| 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 instrument, type of instrument | Performance Rights over ordinary 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) |
| ||||
| d) | Aggregated information Aggregated volume Price | N/A (Single transaction) | ||||
| e) | Date of the transaction | 28 June 2024 | ||||
| f) | Place of the transaction | Outside of a trading venue | ||||
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