Director / PDMR Dealings

Neometals Ltd

12 July 2023

 

12 July 2023

Neometals Ltd

("Neometals" or "the Company")

Director / PDMR Dealings

Emerging sustainable battery materials producer, Neometals Ltd (ASX: NMT & AIM: NMT) ("Neometals" or "the Company") advises that a total of 491,332 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 FY24 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 (10 July 2023).

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	80,000 (38%)	162,089
Natalia Streltsova	45,000 (36%)	91,175
Douglas Ritchie	45,000 (36%)	91,175
Jenny Purdie	60,000 (48%)	121,567
Les Guthrie	12,500 (10%)	25,326

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 2024 and vested Performance Rights are exercisable on or before 30 June 2025.

The updated interests of the NEDs (following issue of 491,332 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	162,089	54,499	216,588	1,951,771
Natalia Streltsova	91,175	40,875	132,050	280,269
Douglas Ritchie	91,175	40,875	132,050	335,269
Jenny Purdie	121,567	40,875	162,442	471,732
Les Guthrie	25,326	8,175	33,501	231,357

*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:

·    552,741,176 fully paid ordinary shares.

·    11,903,552 performance rights issued pursuant to the terms of the PRP, comprising:

o  185,299 vested performance rights, which remain subject to exercise; and

o  11,718,253 unvested performance rights, which are subject to performance testing in accordance with their terms of issue.

The above figure of 552,741,176 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 Jason Carone, Company Secretary

ENDS

For more information, please contact:

Neometals Ltd
Chris Reed, Chief Executive Officer	[phone]
Jeremy McManus	[phone]
Cenkos Securities plc - NOMAD & Broker
Neil McDonald	[phone]
Peter Lynch	[phone]
Adam Rae	[phone]
RBC Capital Markets - Joint Broker	[phone]
Jonathan Hardy
Jamil Miah
Camarco PR	+ 44 (0)203 757 4980
Gordon Poole
Emily Hall
Lily Pettifar

About Neometals

Neometals is an emerging, sustainable battery materials producer. The Company is commercialising three environmentally-friendly processing technologies that will primarily produce lithium, nickel, cobalt and vanadium at lowest quartile costs with minimal carbon footprint.

Neometals' and its partners have been recognised internationally for sustainable approaches that combine industry leading costs with circular economic principles, reducing the reliance on traditional upstream mining-based supply chains with recycling and waste recovery. The Company's three core business units, listed below, are commercialising these proprietary technologies in incorporated joint ventures: 

·    Lithium-ion Battery ("LIB") Recycling (50% technology) - providing recycling as a service, plant supply under JV or technology licensing business models via Primobius GmbH (NMT 50% equity). All plants built by Primobius' co-owner (SMS group 50% equity), a 150-year old German plant builder with 14,000 employees. Primobius is recycling technology partner and plant supplier to Mercedes-Benz. Commercial 10tpd shredding 'Spoke' facility operational in Germany and investment decision for Primobius' first commercial 50tpd plant with Stelco in Canada expected Q4 (NMT 25% equity).

·    Vanadium Recovery (100% technology) - aiming to produce high-purity vanadium pentoxide from processing of steelmaking by-product ("Slag"). Planned 9,000tpa operation in Pori, Finland (NMT 72.5% equity) courtesy of 10-year Slag supply agreement with SSAB. Investment decision with JV partner, Critical Metals, expected Q3 2023. MOU with H2Green Steel for potential second, larger operation in Boden, Sweden; and

·    Lithium Chemicals (70% technology) - aiming to produce battery quality lithium hydroxide from brine and/or hard-rock feedstocks using patented ELi™ electrolysis process co-owned 30% by Mineral Resources Ltd. Co-funding Pilot Plant Q2/Q3 2023 and Demonstration Plant H1 2024 preceding potential commercial operation with Bondalti Chemicals in Portugal.

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	162,089
d)	Aggregated information: Aggregated volume: Price:	N/A
e)	Date of the transaction:	11 July 2023
f)	Place of the transaction:	Off Market

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	91,175
d)	Aggregated information: Aggregated volume: Price:	N/A
e)	Date of the transaction:	11 July 2023
f)	Place of the transaction:	Off Market

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	91,175
d)	Aggregated information: Aggregated volume: Price:	N/A
e)	Date of the transaction:	11 July 2023
f)	Place of the transaction:	Off Market

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: Identification code:	Performance Rights AU000000NMT1
b)	Nature of the transaction:	Grant of Performance Rights
c)	Price(s) and volume(s):	Price	Volume
		Nil	121,567
d)	Aggregated information: Aggregated volume: Price:	N/A
e)	Date of the transaction:	11 July 2023
f)	Place of the transaction:	Off Market

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	25,326
d)	Aggregated information: Aggregated volume: Price:	N/A
e)	Date of the transaction:	11 July 2023
f)	Place of the transaction:	Off Market

 

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