Director / PDMR Dealings

RNS Number : 7416U

Neometals Ltd

03 August 2022

 

3 August 2022

Neometals Ltd

("Neometals" or "the Company")

Director / PDMR Dealings

Emerging battery materials producer, Neometals Ltd (ASX: NMT / AIM: NMT) ("Neometals" or "the Company") advises that a total of 185,299 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 2020.

Under the PRP, each NED (or their nominee) is eligible to apply for the grant of Performance Rights that represents up to 50% their FY23 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 (29 July 2022).

The number of Performance Rights granted to NEDs is set out below:

Non-Executive Director	FY2023 Sacrificed (AUD)	Number of Performance Rights Granted
Steven Cole	60,000 (40%)	54,499
Natalia Streltsova	45,000 (50%)	40,875
Douglas Ritchie	45,000 (50%)	40,875
Jenny Purdie	45,000 (50%)	40,875
Les Guthrie	9,000 (10%)	8,175

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 2023 and vested Performance Rights are exercisable on or before 30 June 2024.

The updated interests of the NEDs (following issue of 185,299 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	54,499	61,611	116,110	1,890,160
Natalia Streltsova	40,875	55,450	96,325	224,819
Douglas Ritchie	40,875	55,450	96,325	209,819
Jenny Purdie	40,875	55,450	96,325	330,072
Les Guthrie	8,175	11,090	19,265	220,267

*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:

· 548,376,396 fully paid ordinary shares.

· 15,478,684 performance rights issued pursuant to the terms of the PRP, comprising:

o  4,364,780 vested performance rights, which remain subject to exercise; and

o  11,113,904 unvested performance rights, which are subject to performance testing in accordance with their terms of issue.

The above figure of 548,376,396 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 Rachel Rees, Company Secretary

ENDS

For more information, please contact:

Neometals Ltd
Chris Reed, Managing Director & Chief Executive Officer	[phone]
Jeremy McManus, General Manager - Commercial & Investor Relations	[phone]
Cenkos Securities plc - NOMAD & Broker
Neil McDonald	[phone]
Peter Lynch	[phone]
Adam Rae	[phone]
Camarco PR	+ 44(0) 20 3 757 4980
Gordon Poole
Charlotte Hollinshead
Lily Pettifar

About Neometals

Neometals' focus is the continuous development and commercialisation of our proprietary innovative technologies with strong global partners to generate value through sustainable production of battery materials.

Decarbonisation, sustainability and resilient supply chains are the key challenges for the energy storage and electric vehicle supply chain. Our technologies, particularly those in battery materials recycling and recovery, reduce reliance on traditional mining and processing, and support circular economic principles.

Neometals has three core battery materials businesses commercialising proprietary, low-cost, low-carbon process technologies:

· Lithium-ion Battery ("LIB") Recycling (50% equity)- to produce nickel, cobalt and lithium from production scrap and end-of-life LIBs in an incorporated JV with leading global plant builder SMS group. The Primobius JV is operating a commercial disposal service at its 10tpd Shredding 'Spoke' in Germany and is the recycling technology partner to Mercedes Benz. Primobius' first 50tpd operation will be in partnership with Stelco in Canada is expected to reach investment decision in Dec 2022;

· Vanadium Recovery (earning 50% equity) - to produce high-purity vanadium pentoxide via processing of steelmaking by-product ("Slag"). Finalising evaluation studies on a 300,000tpa operation in Pori, Finland and a potential JV with Critical Metals, underpinned by a 2Mt, 10-year Slag supply agreement (together with potential availability of a further 1.1Mt) with leading Scandinavian steelmaker SSAB. Investment decision expected end Dec 2022. MOU with H2Green Steel for up to 4Mt of Slag underpins a potential second operation in Boden, Sweden; and

· Lithium Chemicals (earning 35% equity)- to produce battery quality lithium hydroxide from brine and/or hard-rock feedstocks using RAM's patented ELi® electrolysis process. Co-funding pilot plant and evaluation studies on a 20,000tpa operation in Estarreja, Portugal in a 50:50 JV between RAM (70% NMT, 30% Mineral Resources Ltd) and Portugal's largest chemical producer Bondalti Chemicals S.A. Investment decision expected Dec 2023.

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: Identification code:	Performance Rights AU000000NMT1
b)	Nature of the transaction:	Grant 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:	01 August 2022
f)	Place of the transaction:	London Stock Exchange, AIM (LON:NMT)

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: Identification code:	Performance Rights AU000000NMT1
b)	Nature of the transaction:	Grant 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:	01 August 2022
f)	Place of the transaction:	London Stock Exchange, AIM (LON:NMT)

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: Identification code:	Performance Rights AU000000NMT1
b)	Nature of the transaction:	Grant 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:	01 August 2022
f)	Place of the transaction:	London Stock Exchange, AIM (LON:NMT)

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Jennifer 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: Identification code:	Performance Rights AU000000NMT1
b)	Nature of the transaction:	Grant 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:	01 August 2022
f)	Place of the transaction:	London Stock Exchange, AIM (LON:NMT)

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: Identification code:	Performance Rights AU000000NMT1
b)	Nature of the transaction:	Grant 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:	01 August 2022
f)	Place of the transaction:	London Stock Exchange, AIM (LON:NMT)

 

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