Future Metals NL Director's Dealing (6554Z)

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RNS Number : 6554Z

Future Metals NL

16 September 2022

16 September 2022

Future Metals NL

Director's Dealing

Future Metals NL ("Future Metals" or the "Company", ASX | AIM: FME ) announces that Mr Jardee Kininmonth, CEO and Managing Director of the Company, has subscribed for and been issued 188,605 new Ordinary Shares at a price of A$0.125 per Ordinary Share pursuant to the Share Purchase Plan, made available to shareholders and further details of which were announced on 17 August 2022 (the "SPP Subscription").

In accordance with the terms of the Share Purchase Plan, Mr Kininmonth shall in due course be issued 62,868 free attaching options over Ordinary Shares, with an exercise price A$0.10 per Ordinary Share and an expiry date of 11 June 2024 (the "Options"), subject to securing the requisite shareholder approval.

Following the SPP Subscription, Mr Kininmonth is now interested in 538,605 Ordinary Shares, representing approximately 0.13% of the Company's issued share capital and 2,400,000 performance rights (with various vesting targets and expiring on 31 January 2025) under the Company's Performance Rights Plan.

Further details are provided in the below PDMR Notification Form, made in accordance with Article 19 of the Market Abuse Regulation (EU) 596/2014 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended.

Unless otherwise defined herein, or the context otherwise requires, capitalised terms used in this announcement carry the same meanings as those ascribed to them in the Company's announcement of 12 September 2022.

PDMR Notification Form :

 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                               Jardee Kininmonth 
     ---------------------------------  -------------------------------- 
 2.   Reason for the Notification 
     ------------------------------------------------------------------- 
 a)   Position/status                    Managing Director and CEO 
     ---------------------------------  -------------------------------- 
 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       Ordinary Shares of no par value 
       instrument, type of instrument 
     ---------------------------------  -------------------------------- 
      Identification code                AU0000157745 
     ---------------------------------  -------------------------------- 
 b)   Nature of the Transaction          Purchase of new Ordinary Shares 
     ---------------------------------  -------------------------------- 
 c)   Price(s) and volume(s)              Price(s)    Volume(s) 
                                           A$0.125     188,605 
                                                      ---------- 
     ---------------------------------  -------------------------------- 
 d)   Aggregated information             N/A (Single transaction) 
       Aggregated volume Price 
     ---------------------------------  -------------------------------- 
 e)   Date of the transaction            15 September 2022 
     ---------------------------------  -------------------------------- 
 f)   Place of the transaction           Outside of a trading venue 
     ---------------------------------  -------------------------------- 
 

For further information, please contact :

 
 Future Metals NL                          [phone] 
 Jardee Kininmonth                         [e-mail] 
 
 Strand Hanson Limited (Nominated 
  Adviser)                                 [phone] 
 James Harris/James Bellman 
 
 W H Ireland Limited (UK Broker) 
  Harry Ansell/Katy Mitchell               [phone] 
 
 White Noise Communications (Australian 
  IR/PR) 
  Fiona Marshall                           [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 is forms part of United Kingdom domestic law pursuant to the European Union (Withdrawal) Act 2018, as amended.

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September 16, 2022 02:00 ET (06:00 GMT)