Future Metals NL Grant of Director Performance Rights
03 Julio 2024 - 8:16AM
RNS Regulatory News
RNS Number : 0273V
Future Metals NL
03 July 2024
3
July 2024
Future Metals
NL
Grant of Director Performance
Rights
Future Metals NL ("Future Metals" or the "Company", ASX | AIM: FME) announces that it has
granted 15,500,000 Performance Rights to Directors of the Company,
on the terms and conditions set out in the Explanatory Statement
accompanying the Notice of General Meeting dated 24 May 2024, which
was approved by shareholders on 25 June 2024.
Under the Company's Performance
Rights Plan, the 15,500,000 Performance Rights are exercisable for nil consideration up to
and including 28 June 2027
and are subject to the vesting criteria
outlined in the table below:
|
Vesting Condition
|
Number of Performance
Rights
|
|
|
Patrick
Walta
|
John
Carr
|
Sam
Rodda
|
Justin
Tremain
|
|
The Company announcing:
(a) subject to the approval of
Shareholders, the entry into a merger and acquisition agreement;
or
(b) the Company's decision to mine
on the Panton PGM Project.
|
5,000,000
|
2,500,000
|
2,500,000
|
2,500,000
|
|
The volume weighted average price
("VWAP") of the Company's
ordinary shares exceeding A$0.10 per share for at least 20
consecutive trading days on which the Company's shares have
actually traded.
|
-
|
500,000
|
500,000
|
500,000
|
|
The VWAP of the Company's ordinary
shares exceeding A$0.15 per share for at least 20 consecutive
trading days on which the Company's shares have actually
traded.
|
-
|
500,000
|
500,000
|
500,000
|
|
Total
|
5,000,000
|
3,500,000
|
3,500,000
|
3,500,000
|
Further information on the
Directors' interests in the securities of the Company is set out
the Appendix 3Y, available at the following link: http://www.rns-pdf.londonstockexchange.com/rns/0273V_1-2024-7-3.pdf
Further details are provided in the
below PDMR Notification Forms, announced in accordance with Article
19 of the Market Abuse Regulation (EU) 596/2014 as it forms part of
United Kingdom domestic law by virtue of the European Union
(Withdrawal) Act 2018, as amended ("MAR").
This announcement has been approved
for release by the Company Secretary of Future Metals
NL.
Further Information
For further information please refer
to the ASX platform under ASX code FME or visit the Company's
website at www.future-metals.com.au.
|
Future Metals NL
|
+61 8 9480 0414
|
|
Patrick Walta
|
info@future-metals.com.au
|
|
Strand Hanson Limited (Nominated Adviser)
|
+44 (0) 207 409 3494
|
|
James Bellman / Rob
Patrick
|
|
PDMR Notification Forms:
The notifications below are made in
accordance with the requirements of MAR.
|
1.
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Patrick Walta
|
|
2.
|
Reason for the Notification
|
|
a)
|
Position/status
|
Executive Chair
|
|
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
|
5,000,000
|
|
|
d)
|
Aggregated information
Aggregated volume Price
|
N/A (Single transaction)
|
|
e)
|
Date of the transaction
|
28 June 2024
|
|
f)
|
Place of the transaction
|
Outside of a trading
venue
|
|
1.
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
John Carr
|
|
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
|
3,500,000
|
|
|
d)
|
Aggregated information
Aggregated volume Price
|
N/A (Single transaction)
|
|
e)
|
Date of the transaction
|
28 June 2024
|
|
f)
|
Place of the transaction
|
Outside of a trading
venue
|
|
1.
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Sam Rodda
|
|
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
|
3,500,000
|
|
|
d)
|
Aggregated information
Aggregated volume Price
|
N/A (Single transaction)
|
|
e)
|
Date of the transaction
|
28 June 2024
|
|
f)
|
Place of the transaction
|
Outside of a trading
venue
|
|
1.
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Justin Tremain
|
|
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
|
3,500,000
|
|
|
d)
|
Aggregated information
Aggregated volume Price
|
N/A (Single transaction)
|
|
e)
|
Date of the transaction
|
28 June 2024
|
|
f)
|
Place of the transaction
|
Outside of a trading
venue
|
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DSHSSDFDDELSEFW
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