Source - LSE Regulatory
RNS Number : 4607U
Future Metals NL
23 November 2023

23 November 2023

Future Metals NL

Performance Rights Conversion, Issue of Securities, Director Dealing and Change of Admission Date for Osprey Consideration Shares

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 1,966,666 Performance Rights have been converted at nil cost into 1,966,666 fully paid new ordinary shares of no par value each in the Company ("Ordinary Shares") by a Director and certain technical contractors of the Company (the "Conversion Shares") (the "Conversion").

800,000 Conversion Shares shall be issued to Mr Jardee Kininmonth, Managing Director & CEO of the Company. Following the Conversion, Mr Kininmonth will be interested in 1,588,605 Ordinary Shares, representing approximately 0.36% of the Company's issued share capital and further information of Mr other options and remaining Performance Rights held in the Company is set out the Appendix 3Y, available at the following link:

Change of Admission Date for Osprey Consideration Shares

Future Metals also announces that, further to the Company's announcement on 17 November 2023, the admission of the 18,382,352 Consideration Shares (as defined in such announcement) to trading on AIM is now expected to occur at 8.00 a.m. on or around 24 November 2023.

Admission to Trading on AIM and Total Voting Rights

Application has been made to the London Stock Exchange plc for the admission to trading on AIM of the abovementioned 18,382,352 Consideration Shares on 24 November 2023 and for the admission of the 1,966,666 Conversion Shares on 28 November 2023 ("Admission"). Admission is expected to take effect and dealings commence at 8.00 a.m. (London time) on or around 24 and 28 November 2023, respectively.

Following admission of the Consideration Shares, the number of Ordinary Shares in issue, and the total voting rights in the Company will be 440,253,055. Following admission of the Conversion Shares, the number of Ordinary Shares in issue, and the total voting rights in the Company will be 442,219,721. These figures 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 Board 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


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/Rauf Munir

+44 (0)207 886 2500

FlowComms (UK IR/PR)

+44 (0) 789 167 7441

Sasha Sethi


PDMR Notification Form:



Details of the person discharging managerial responsibilities / person closely associated



Jardee Kininmonth


Reason for the Notification



Managing Director & CEO


Initial notification/amendment

Initial notification


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor



Future Metals NL





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


Description of the Financial instrument, type of instrument

Ordinary Shares

Identification code



Nature of the Transaction

Conversion of performance rights into new Ordinary Shares


Price(s) and volume(s)






Aggregated information

Aggregated volume Price

N/A (Single transaction)


Date of the transaction

21 November 2023


Place of the transaction

Outside of a trading venue


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