FME.L

Future Metals NL
Future Metals NL - Grant of Director Performance Rights
3rd July 2024, 13:16
TwitterFacebookLinkedIn
To continue viewing RNS, please confirm that you are a Private Investor*

* A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:

  1. Obtains access to the information in a personal capacity;
  2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
  3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
  4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
  5. Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
  6. Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
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

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHSSDFDDELSEFW]]>
TwitterFacebookLinkedIn