Performance Rights Conversion and TVR

Future Metals NL

10 July 2023

 

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	[phone]
Jardee Kininmonth	[e-mail]
Strand Hanson Limited (Nominated Adviser)	[phone]
James Harris/James Bellman
Panmure Gordon (UK) Limited (UK Broker) John Prior/Hugh Rich/Soman Thakran	[phone]
FlowComms (UK IR/PR)	[phone]
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)	Price(s) Volume(s) Nil 2,000,000
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)	Price(s) Volume(s) Nil 5,333,333
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)	Price(s) Volume(s) Nil 1,333,333
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

 

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