Director / PDMR Dealings

RNS Number : 2204V

Neometals Ltd

08 August 2022

 

8 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 3,970,112 vested performance rights (Performance Rights) issued pursuant to the Company's Performance Rights Plan (PRP), as approved by shareholders on 25 November 2020, have been exercised.

For each Performance Right that was exercised, PRP participants were allocated one fully paid ordinary share in the Company. In accordance with the terms of the PRP, the exercise price was nil and the shares were allocated for nil cash consideration. Accordingly, the Company has issued 3,970,112 new ordinary shares (New Ordinary Shares).

The updated interests of the Directors in share capital of the Company are as follows:

Director	Vested performance rights - new ordinary shares issued	Unvested performance rights	Shareholding following shares issued	% Shareholding following shares issued
Christopher Reed	986,417	2,477,407	7,868,589	1.42%
Steven Cole	61,611	54,499	1,951,771	0.35%
Natalia Streltsova	55,450	40,875	280,269	0.05%
Douglas Ritchie	55,450	40,875	265,269	0.05%
Jennifer Purdie	55,450	40,875	385,522	0.07%
Les Guthrie	11,090	8,175	231,357	0.04%

As a result of the exercise of vested Performance Rights by PDMRs pursuant to the Company's PRP, the Company has the following securities on issue:

· 552,346,508 fully paid ordinary shares.

· 11,508,572 performance rights issued pursuant to the terms of the PRP, comprising:

o  394,668 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.

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 10 August 2022.

Following Admission, the above figure of 552,346,508 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.

Note:  Vested performance rights have a nil cash exercise price. Unless exercised beforehand, performance rights expire 1 year after vesting.

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:	Christopher Reed
2.	Reason for the notification
a)	Position/status:	Managing 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:	Ordinary Shares AU000000NMT1
b)	Nature of the transaction:	Exercise of Performance Rights
c)	Price(s) and volume(s):	Price	Volume
		Nil	986,417
d)	Aggregated information: Aggregated volume: Price:	N/A
e)	Date of the transaction:	05 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:	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:	Ordinary Shares AU000000NMT1
b)	Nature of the transaction:	Exercise of Performance Rights
c)	Price(s) and volume(s):	Price	Volume
		Nil	61,611
d)	Aggregated information: Aggregated volume: Price:	N/A
e)	Date of the transaction:	04 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:	Ordinary Shares AU000000NMT1
b)	Nature of the transaction:	Exercise of Performance Rights
c)	Price(s) and volume(s):	Price	Volume
		Nil	55,450
d)	Aggregated information: Aggregated volume: Price:	N/A
e)	Date of the transaction:	04 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:	Ordinary Shares AU000000NMT1
b)	Nature of the transaction:	Exercise of Performance Rights
c)	Price(s) and volume(s):	Price	Volume
		Nil	55,450
d)	Aggregated information: Aggregated volume: Price:	N/A
e)	Date of the transaction:	04 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:	Ordinary Shares AU000000NMT1
b)	Nature of the transaction:	Exercise of Performance Rights
c)	Price(s) and volume(s):	Price	Volume
		Nil	55,450
d)	Aggregated information: Aggregated volume: Price:	N/A
e)	Date of the transaction:	04 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:	Ordinary Shares AU000000NMT1
b)	Nature of the transaction:	Exercise of Performance Rights
c)	Price(s) and volume(s):	Price	Volume
		Nil	11,090
d)	Aggregated information: Aggregated volume: Price:	N/A
e)	Date of the transaction:	04 August 2022
f)	Place of the transaction:	London Stock Exchange, AIM (LON:NMT)

 

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