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:
| 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:
| 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:
| 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 | |
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