Grant of Director Performance Rights

RNS Number : 8544U

Future Metals NL

07 December 2021

 

7 December 2021

Future Metals NL

("Future Metals" or the "Company")

Grant of Director Performance Rights

Further to the approval of Resolution 9 at its recent Annual General Meeting ("AGM"), the Company announces that it has today issued 2,000,000 Performance Rights to Elizabeth Henson (Non-Executive Director) on the terms and conditions set out in the Explanatory Statement accompanying the Notice of AGM. The Director Performance Rights are exercisable for nil consideration up to and including 11 June 2024.

The Performance Rights will vest upon:

a)  The Volume Weighted Average Price over a period of 20 consecutive trading days on the ASX being at least 30 cents (0.16 GBP at the previous day's exchange rate); and

b)  Ms Henson remaining a Non-Executive Director for a continuous period of 12 months.

For further information, please contact :

Future Metals NL	[phone]
J ustin Tremain	[e-mail]
Strand Hanson Limited   (Nominated Adviser)	[phone]
James Harris
W H Ireland Limited   (UK Broker) Harry Ansell/Katy Mitchell	[phone]

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law pursuant to the European Union (Withdrawal) Act 2018, as amended ("MAR").

PDMR Notification Form :

The notification below is made in accordance with the requirements of MAR.

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Elizabeth Henson
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	Performance Rights over ordinary shares of no par value in the capital of the Company
	Identification code	AU0000157745
b)	Nature of the Transaction	Grant of Performance Rights over ordinary shares of no par value in the capital of the Company
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	7 December 2021
f)	Place of the transaction	Outside of a trading venue

 

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