27 November 2023
Neometals Ltd
("Neometals" or "the Company")
Director / PDMR Dealings
Emerging battery materials producer, Neometals Ltd (ASX: NMT / AIM: NMT) ("Neometals" or "the Company") notifies dealings in the Company's ordinary shares by certain directors and persons discharging managerial responsibilities ("PDMRs").
Exercise of Performance Rights
On 24 November 2023, a total of 5,494,032 vested performance rights ("Performance Rights") issued pursuant to the Company's Performance Rights Plan ("PRP"), as approved by shareholders on 25 November 2020, were exercised by certain employees of the Company, including certain directors and PDMRs.
For each Performance Right that was exercised, the individuals were allocated one fully paid ordinary share in the Company. In accordance with the terms of the PRP, the shares were allocated for nil cash consideration. Accordingly, the Company has issued 5,494,032 new ordinary shares ("New Ordinary Shares") 2,209,222 to directors and PDMRs and 3,284,810 to employees and consultants.
The resultant interests of the relevant directors and PDMRs in the share capital of the Company are as follows:
| PDMR | Total shares currently held (direct and indirect) | Performance rights exercised
| Total shares + performance rights exercised
| Vested and held shares as a percentage of ordinary shares on issue | Vested performance rights, subject to exercise |
| | (1) | (2) | (3) = (1) + (2) | (3) / (4) | |
| Chris Reed | 7,868,589 | 1,491,079 | 9,359,668 | 1.54% | nil |
| Jason Carone | 637,156 | 532,844 | 1,170,000 | 0.19% | nil |
| Steven Cole | 1,951,771 | 54,499 | 2,006,270 | 0.33% | nil |
| Jenny Purdie | 471,732 | 40,875 | 512,607 | 0.08% | nil |
| Natalia Streltsova | 280,269 | 40,875 | 321,144 | 0.05% | nil |
| Doug Ritchie | 335,269 | 40,875 | 376,144 | 0.06% | nil |
| Les Guthrie | 231,357 | 8,175 | 239,532 | 0.04% | nil |
As a result of the exercise of vested Performance Rights pursuant to the Company's PRP, the Company has the following securities on issue:
· 606,182,208 fully paid ordinary shares.
· 8,972,542 performance rights on issue pursuant to the terms of the PRP, comprising:
o 200,000vested performance rights, which remain subject to exercise; and
o 8,772,542 unvested performance rights, which are subject to performance testing in accordance with their terms of issue.
Application will be made for the admission of the New Ordinary Shares to trading on AIM ("Admission"). The New Ordinary Shares will rank pari passu with the existing ordinary shares and it is expected that Admission will become effective on or around 8.00 a.m. on 1 December 2023.
Following Admission, the above figure of 606,182,208 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. This number assumes admission of New Shares as part of the Placement as announced on 23 November 2023.
Disposal of Ordinary Shares
On 24 November 2023, the Company was notified that Jason Carone, CFO of Neometals, sold a total of 129,306 ordinary shares in the Company at a price of A$0.21 each in order to assist in meeting tax instalments due as a result of the vesting of PRs and subsequent issue of shares in prior years. Following the exercise of the Performance Rights and the subsequent disposal, Mr Carone is interested in 1,170,000 ordinary shares, representing 0.19 per cent. of the issued share capital of the Company.
Authorised on behalf of Neometals by Jason Carone, Company Secretary
ENDS
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 | |
| | | |
| RBC Capital Markets - Joint Broker | +44 (0)20 7653 4000 | |
| Jonathan Hardy | | |
| Jamil Miah | | |
| | | |
| 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: | 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: | Exercise of Performance Rights
| |
| c) | Price(s) and volume(s): | Price | Volume |
| Nil | 54,499 | ||
| d) | Aggregated information: Aggregated volume: Price: | N/A
| |
| e) | Date of the transaction: | 24 November 2023
| |
| f) | Place of the transaction: | Off market transaction | |
| 1. | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name: | Natalia Streltsova | |
| 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: | Exercise of Performance Rights
| |
| c) | Price(s) and volume(s): | Price | Volume |
| Nil | 40,875 | ||
| d) | Aggregated information: Aggregated volume: Price: | N/A
| |
| e) | Date of the transaction: | 24 November 2023
| |
| f) | Place of the transaction: | Off market transaction | |
| 1. | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name: | Doug 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: | Exercise of Performance Rights
| |
| c) | Price(s) and volume(s): | Price | Volume |
| Nil | 40,875 | ||
| d) | Aggregated information: Aggregated volume: Price: | N/A
| |
| e) | Date of the transaction: | 24 November 2023
| |
| f) | Place of the transaction: | Off market transaction | |
| 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: | Exercise of Performance Rights
| |
| c) | Price(s) and volume(s): | Price | Volume |
| Nil | 8,175 | ||
| d) | Aggregated information: Aggregated volume: Price: | N/A
| |
| e) | Date of the transaction: | 24 November 2023
| |
| f) | Place of the transaction: | Off market transaction | |
| 1. | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name: | Jenny Purdie | |
| 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: | Exercise of Performance Rights
| |
| c) | Price(s) and volume(s): | Price | Volume |
| Nil | 40,875 | ||
| d) | Aggregated information: Aggregated volume: Price: | N/A
| |
| e) | Date of the transaction: | 24 November 2023
| |
| f) | Place of the transaction: | Off market transaction | |
| 1. | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name: | Chris Reed | |
| 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
AU000000NMT1 | |
| b) | Nature of the transaction: | Exercise of Performance Rights
| |
| c) | Price(s) and volume(s): | Price | Volume |
| Nil | 1,491,079 | ||
| d) | Aggregated information: Aggregated volume: Price: | N/A
| |
| e) | Date of the transaction: | 24 November 2023
| |
| f) | Place of the transaction: | Off market transaction | |
| 1. | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name: | Jason Carone | |
| 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
AU000000NMT1 | |
| b) | Nature of the transaction: | Exercise of Performance Rights
| |
| c) | Price(s) and volume(s): | Price | Volume |
| Nil | 532,844 | ||
| d) | Aggregated information: Aggregated volume: Price: | N/A
| |
| e) | Date of the transaction: | 24 November 2023
| |
| f) | Place of the transaction: | Off market transaction | |
| 1. | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name: | Jason Carone | |
| 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:
| Ordinary Shares
AU000000NMT1 | |
| b) | Nature of the transaction: | Disposal of Ordinary Shares
| |
| c) | Price(s) and volume(s): | Price | Volume |
| A$0.21 | 129,306 | ||
| d) | Aggregated information: Aggregated volume: Price: | N/A
| |
| e) | Date of the transaction: | 24 November 2023
| |
| f) | Place of the transaction: | ASX | |
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