TIDMFME

RNS Number : 6811Z

Future Metals NL

15 January 2024

Future Metals NL

UNDERWRITTEN NON-RENOUNCEABLE ENTITLEMENT ISSUE - EXTENSION OF CLOSING DATE

Not for release to US wire services or distribution in the United States

Future Metals NL ("Future Metals" or the "Company", ASX | AIM: FME) announces that the closing date for the non-renounceable entitlement issue ("Entitlement Issue") initially announced on 15 December 2023 will be extended from 18 January 2024 to 1 February 2024 at 5.00 p.m. (AEDT) for shareholders and 1.00 p.m. (GMT) for DI Holders.

The extension of the Entitlement Offer is to allow sufficient time for all eligible shareholders to participate and complete applications following the Christmas and New Year holiday period.

The Entitlement Issue provides eligible shareholders to acquire one (1) Share for every four (4) Shares (or Depository Interests) held by those shareholders registered at the Record Date at an issue price of $0.03 per Share, together with one (1) free New Option for every two (2) Shares (or Depository Interests) applied for and issued to raise up to $3,316,648 (based on the number of Shares on issue as at the date of the Prospectus).

Unless otherwise defined herein, capitalised terms shall have the same meanings as ascribed to them in the Company's RNS announcement dated 15 December 2023.

The Entitlement Offer timetable has been revised as follows:

 
 
 Announcement of Offer              Friday, 15 December    Friday, 15 December 
  & Appendix 3B                      2023                   2023 
                                   ---------------------  ------------------------ 
 Lodgement of Prospectus            Friday, 15 December    Friday, 15 December 
  with ASIC & ASX                    2023                   2023 
                                   ---------------------  ------------------------ 
 Ex date                            Friday, 29 December    Friday, 29 December 
                                     2023                   2023 
                                   ---------------------  ------------------------ 
 Record Date for determining        Tuesday, 2 January     Tuesday, 2 January 
  Entitlements                       2024 5:00pm (WST)      2024 close of business 
                                                            (GMT) 
                                   ---------------------  ------------------------ 
 Prospectus despatched              Friday, 5 January      Friday, 5 January 
  to Shareholders & Company          2024                   2024 
  announces despatch has 
  been completed 
                                   ---------------------  ------------------------ 
 Entitlement Issue's                N/A                    Friday, 5 January 
  Basic Entitlements and                                    2024 
  Excess (Shortfall) Entitlements 
  credited to stock accounts 
  of eligible DI holders 
  in CREST 
                                   ---------------------  ------------------------ 
 Last day to extend Closing         Monday, 15 January     Monday, 15 January 
  Date                               2024                   2024 
                                   ---------------------  ------------------------ 
 Closing Date of the                Thursday, 1 February   Thursday, 1 February 
  Entitlement Issue* /               2024                   2024 
  Latest time of settlement 
  of relevant CREST instructions 
  for Entitlement Issue 
                                                            1.00 p.m. (GMT) 
                                   ---------------------  ------------------------ 
 Securities quoted on               Friday, 2 February     N/A 
  a deferred settlement              2024 
  basis from market open 
                                   ---------------------  ------------------------ 
 Announcement of results            Tuesday, 6 February    Tuesday, 6 February 
  of issue                           2024                   2024 
                                   ---------------------  ------------------------ 
 Issue date and lodgement           Thursday, 8 February   Thursday, 8 February 
  of Appendix 2A with                2024                   2024 
  ASX applying for quotation 
  of the securities (before 
  noon Sydney time) 
                                   ---------------------  ------------------------ 
 Admission of the New               Thursday, 8 February   Thursday, 8 February 
  Shares to trading on               2024                   2024 
  AIM expected on or around 
                                     8.00 a.m. (GMT)        8.00 a.m. (GMT) 
                                   ---------------------  ------------------------ 
 Official Quotation of              Monday, 12 February    Monday, 12 February 
  the Securities under               2024                   2024 
  the Entitlement Offer 
                                   ---------------------  ------------------------ 
 Final date for Underwriter         Tuesday, 12 March      Tuesday, 12 March 
  to subscribe for Shortfall         2024                   2024 
                                   ---------------------  ------------------------ 
 General Meeting** held             Tuesday, 12 March      Tuesday, 12 March 
  for the proposed issue             2024                   2024 
  of the Underwriter Options 
                                   ---------------------  ------------------------ 
 Closing Date of Underwriter        Tuesday, 12 March      Tuesday, 12 March 
  Offer**                            2024                   2024 
                                   ---------------------  ------------------------ 
 Issue date for Underwriter         Wednesday, 13 March    Wednesday, 13 March 
  Options**                          2024                   2024 
                                   ---------------------  ------------------------ 
 

Notes :

*The Directors may extend the Closing Date by giving at least 3 Business Days' notice to ASX prior to the Closing Date. Accordingly, the date the Securities are expected to commence trading on ASX may vary.

**The above dates are indicative only and may change without notice

Action required by Eligible Shareholders

As announced on RNS on 11 January 2024, to participate in the Entitlement Offer, payment of the application moneys must be made per the instructions set out on the Entitlement and Acceptance Form, with sufficient time to be received by or on behalf of the Company by no later than 5.00 p.m. (WST) or 1.00 p.m. (GMT) for DI Holders on the Closing Date.

Participation in the Entitlement Offer is optional and is subject to the terms and conditions set out in the Prospectus. As noted above, you may obtain a copy of the Prospectus along with information about how to apply online at www.computersharecas.com.au/fmeoffer .

Prospective investors, who are already shareholders for the purpose of the Entitlement Issue, should consider that an investment in the Company is highly speculative and should consult their professional advisers before deciding whether to apply for Shares pursuant to the Prospectus.

This announcement has been approved for release by the Board of Future Metals NL.

 
 Enquiries: 
 
  Future Metals NL 
 Jardee Kininmonth                                       +61 8 9480 0414 
                                                          info@future-metals.com.au 
 Strand Hanson Limited (Nominated Adviser)               +44 (0) 207 409 3494 
 James Harris/James Bellman 
 Panmure Gordon (UK) Limited (UK Broker) 
  John Prior/Hugh Rich/Rauf Munir                        +44 (0)207 886 2500 
 FlowComms (UK IR/PR)                                    +44 (0) 789 167 7441 
 Sasha Sethi 
 

IMPORTANT NOTICE

The total consideration under the Entitlement Issue shall be less than, and therefore cannot exceed, EUR8 million (or an equivalent pounds sterling amount) in aggregate and so, in accordance with Section 85 and Schedule 11A of the United Kingdom's Financial Services and Markets Act 2000, as amended (FSMA), the Entitlement Issue does not require the issue of a prospectus in the United Kingdom for the purposes of the United Kingdom's Prospectus Regulation Rules (PRR). The Entitlement Issue does not constitute an offer to the public requiring an approved prospectus under section 85 of FSMA and accordingly, neither this announcement, nor the Prospectus, shall constitute a prospectus for the purposes of the PRR. This announcement and the Prospectus have not been, and neither it nor the Prospectus will be, reviewed or approved by the United Kingdom's Financial Conduct Authority pursuant to sections 85 of FSMA, the London Stock Exchange or any other authority or regulatory body in the United Kingdom. Accordingly, neither this announcement nor the Prospectus contain the extent of the information and disclosures that would typically be included in a UK prospectus.

NOT AN OFFER

This announcement is for information purposes and is not a prospectus, product disclosure statement or any other offering document under Australian law or the law of any other jurisdiction (and will not be lodged with the Australian Securities and Investments Commission ("ASIC") or any foreign regulator). The information does not and will not constitute or form part of an offer, invitation, solicitation or recommendation in relation to the subscription, purchase or sale of securities in any jurisdiction and neither this announcement nor anything in it shall form any part of any contract for the acquisition of Future Metals securities. The distribution of this announcement in jurisdictions outside Australia may be restricted by law and you should observe any such restrictions.

NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES OF AMERICA

This announcement has been prepared for publication in Australia and may not be released to US wire services or distributed in the United States. This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or any other jurisdiction. Any securities described in this announcement have not been, and will not be, registered under the US Securities Act of 1933 ("US Securities Act") and may not be offered or sold in the United States except in transactions exempt from, or not subject to, registration under the US Securities Act and applicable US state securities laws.

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END

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January 15, 2024 03:01 ET (08:01 GMT)

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