10 July 2023
Future Metals NL
Performance Rights Conversion, Issue of Securities and Total Voting Rights
Future Metals NL ("Future Metals" or the "Company", ASX|AIM: FME), announces, in accordance with the terms of the Company's Performance Rights Plan and the previous issue of Performance Rights approved by shareholders at the Company's general meeting held on 4 June 2021, that 4,333,332 Class A Performance Rights and 4,333,334 Class B Performance Rights have, on 4 July 2023, been converted at nil cost into, in aggregate, 8,666,666 fully paid new ordinary shares of no par value each in the Company ("Ordinary Shares") by certain Directors of the Company (the "Conversion Shares"). The Conversion Shares issued to each Director concerned are detailed in the table below:
| Director | Current Shareholding | Number of Performance Rights converted into Ordinary Shares | Resultant Shareholding | Resultant Number of Performance Rights held |
| Allan Mulligan | - | 2,000,000 | 2,000,000 | 1,000,000 Class C |
| Justin Tremain | - | 5,333,333 | 5,333,333 | 2,666,667 Class C |
| Robert Mosig | - | 1,333,333 | 1,333,333 | 666,667 Class C |
Admission to Trading on AIM and Total Voting Rights
Application will be made to the London Stock Exchange for the admission to trading on AIM of the abovementioned 8,666,666 Conversion Shares, which is expected to take effect and dealings commence at 8.00 a.m. (London time) on or around 13 July 2023 ("Admission").
The number of Ordinary Shares in issue, and the total voting rights in the Company, on Admission, will be 421,870,703. This figure may be used by shareholders as the denominator for the calculations by which they determine whether they are required to notify their interest in, or a change of their interest in, the Company under the provisions of the Company's constitution.
This announcement has been approved for release by the Company Secretary of Future Metals NL.
ENDS
For further information, please contact:
|
Future Metals NL |
+61 8 9480 0414 |
| Jardee Kininmonth | |
|
Strand Hanson Limited (Nominated Adviser) |
+44 (0) 207 409 3494 |
| James Harris/James Bellman | |
|
Panmure Gordon (UK) Limited (UK Broker) John Prior/Hugh Rich/Soman Thakran |
+44 (0)207 886 2500 |
|
FlowComms (UK IR/PR) |
+44 (0) 789 167 7441 |
| Sasha Sethi | |
PDMR Notification Forms:
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Allan Mulligan | ||||
| 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 | Ordinary Shares | ||||
| Identification code | AU0000157745 | |||||
| b) | Nature of the Transaction | Conversion of performance rights into new Ordinary Shares | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information Aggregated volume Price | N/A (Single transaction) | ||||
| e) | Date of the transaction | 4 July 2023 | ||||
| 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 Chairman | ||||
| 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 | Ordinary Shares | ||||
| Identification code | AU0000157745 | |||||
| b) | Nature of the Transaction | Conversion of performance rights into new Ordinary Shares | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information Aggregated volume Price | N/A (Single transaction) | ||||
| e) | Date of the transaction | 4 July 2023 | ||||
| f) | Place of the transaction | Outside of a trading venue | ||||
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Robert Mosig | ||||
| 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 | Ordinary Shares | ||||
| Identification code | AU0000157745 | |||||
| b) | Nature of the Transaction | Conversion of performance rights into new Ordinary Shares | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information Aggregated volume Price | N/A (Single transaction) | ||||
| e) | Date of the transaction | 4 July 2023 | ||||
| f) | Place of the transaction | Outside of a trading venue | ||||
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
