18
October 2024
Neometals
Ltd
("Neometals" or "the
Company")
Director / PDMR
Dealings
Sustainable process technology
developer, Neometals Ltd (ASX: NMT & AIM: NMT) ("Neometals" or "the Company"), notifies dealings in the
Company's ordinary shares of no par value in the Company
("Ordinary Shares") by
certain directors and persons discharging managerial
responsibilities ("PDMRs").
Share Purchase
The Company has been notified that
on 16 October 2024, Christopher Reed, Managing Director, acquired
1,000,000 Ordinary Shares in the Company. Following this
transaction, Mr Reed's beneficial interest in Neometals increases
to 11,136,079 Ordinary Shares, representing approximately 1.5 per
cent of the issued share capital of the Company.
Exercise of Performance Rights
On 18 October 2024, a total of
400,157 vested performance rights ("Performance Rights") issued pursuant to
the Company's Performance Rights Plan ("PRP"), as approved by
shareholders on 25 November 2022, were exercised by certain
employees of the Company, including certain directors and
PDMRs.
For each Performance Right that was
exercised, the individuals were allocated one fully paid ordinary
share in the Company. In accordance with the terms of the PRP, the
shares were allocated for nil cash consideration. Accordingly, the
Company has issued 400,157 new ordinary
shares ("New Ordinary
Shares") to directors.
The resultant interests of the
relevant directors and PDMRs in the share capital of the Company
are as follows:
|
PDMR
|
Total
shares currently held (direct and indirect)
|
Performance rights exercised
|
Total
shares + performance rights exercised
|
Vested
and held shares as a percentage of ordinary shares on
issue
|
Vested
performance rights, subject to exercise
|
|
|
(1)
|
(2)
|
(3) = (1)
+ (2)
|
(3) /
(4)
|
|
|
Steven Cole
|
2,257,055
|
162,089
|
2,419,144
|
0.33%
|
nil
|
|
Jennifer Purdie
|
571,574
|
121,567
|
693,141
|
0.09%
|
nil
|
|
Doug Ritchie
|
423,162
|
91,175
|
514,337
|
0.07%
|
nil
|
|
Les Guthrie
|
267,066
|
25,326
|
292,392
|
0.04%
|
nil
|
As a result of the exercise of
vested Performance Rights pursuant to the Company's PRP, the
Company has the following securities on issue:
· 734,742,696
fully paid ordinary shares.
· 6,430,531
unvested performance rights on issue pursuant to the terms of the
PRP.
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 24 October 2024.
Following Admission, the above
figure of 734,742,696 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.
- ENDS
-
For more information, please
contact:
|
Neometals Ltd
|
|
|
Chris Reed, Managing Director &
Chief Executive Officer
|
+61 8 9322 1182
|
|
Chris Kelsall, CFO & Company
Secretary
|
+61 8 9322 1182
|
|
Cavendish Capital Markets Ltd - NOMAD &
Broker
|
|
|
Neil McDonald
|
+44 (0)131 220 9771
|
|
Peter Lynch
|
+44 (0)131 220 9772
|
|
Adam Rae
|
+44 (0)131 220 9778
|
|
|
|
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 of no par
value
AU000000NMT1
|
|
b)
|
Nature of the
transaction:
|
Purchase of Ordinary
Shares
|
|
c)
|
Price(s) and volume(s):
|
Price
|
Volume
|
|
$0.095 AUD
|
1,000,000
|
|
d)
|
Aggregated information:
· Aggregated volume:
· Price:
|
N/A
|
|
e)
|
Date of the transaction:
|
16 October 2024
|
|
f)
|
Place of the transaction:
|
On-market transaction
|
|
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:
|
Exercise 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:
|
18 October 2024
|
|
f)
|
Place of the transaction:
|
Off market transaction
|
|
1.
|
Details of the person discharging
managerial responsibilities/person closely associated
|
|
a)
|
Name:
|
Doug 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:
|
Exercise 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:
|
18 October 2024
|
|
f)
|
Place of the transaction:
|
Off market transaction
|
|
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:
|
Exercise 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:
|
18 October 2024
|
|
f)
|
Place of the transaction:
|
Off market transaction
|
|
1.
|
Details of the person discharging
managerial responsibilities/person closely associated
|
|
a)
|
Name:
|
Jenny Purdie
|
|
2.
|
Reason for the
notification
|
|
a)
|
Position/status:
|
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:
|
Exercise 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:
|
18 October 2024
|
|
f)
|
Place of the transaction:
|
Off market transaction
|
About Neometals
Neometals facilitates sustainable
critical material supply chains and reduces the environmental
burden of traditional mining in the global transition to a circular
economy.
The Company is commercialising a
portfolio of sustainable processing solutions that recycle and
recover critical materials from high-value waste
streams.
· Neometals' core focus is its patented, Lithium-ion Battery ("LiB")
Recycling technology (50% NMT), being commercialised
in a 50:50 incorporated JV (Primobius GmbH) with 150-year-old
German plant builder, SMS group GmbH. Primobius is supplying
Mercedes-Benz a 2,500tpa recycling plant and operates its own LiB
Disposal Service in Germany. Primobius' first 21,000tpa commercial
plant will be offered to Stelco under an existing technology
licence for North America.
Neometals is developing two advanced
battery materials technologies for commercialisation under
low-risk, low-capex technology licensing business
models:
· Lithium Chemicals (70%
NMT) - Patented ELi™ electrolysis
process, co-owned 30% by Mineral Resources Ltd, to produce battery
quality lithium hydroxide from brine and/or hard-rock feedstocks at
lowest quartile operating costs. Pilot scale test work and
Engineering Cost Study update planned for completion in DecQ 2024;
and
· Vanadium
Recovery (100%
NMT) - Patent pending
hydrometallurgical process to produce high-purity vanadium
pentoxide from steelmaking by-product ("Slag") at lowest-quartile
operating cost and carbon footprint.
For further information, visit: www.neometals.com.au.