Director / PDMR Participation in Entitlement Offer
Source: RNS
8 November 2024
Neometals Ltd
("Neometals" or "the Company")
Director & PDMR Participation in the Entitlement Offer
Sustainable process technology developer, Neometals Ltd (ASX: NMT & AIM: NMT) (Neometals or the Company), advises as part of its Entitlement Offer, the results of which were announced on 6 November 2024, a number of the Company's directors and PDMRs have dealt in the Company's share capital, further details of which are set out below.
|
Individual |
Total Shares Previously Held |
New Shares subscribed for |
Total Shares + New Shares |
Subsequent Shareholding as a percentage of total issued share capital |
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Christopher Reed |
11,136,079 |
740,924 |
11,877,003 |
1.5% |
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Steven Cole |
2,419,144 |
188,089 |
2,607,233 |
0.3% |
|
Doug Ritchie |
514,337 |
35,264 |
549,601 |
0.1% |
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Jenny Purdie |
693,141 |
47,632 |
740,773 |
0.1% |
|
Les Guthrie |
292,392 |
22,256 |
314,648 |
0.0% |
- ENDS -
For more information, please contact:
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Neometals Ltd |
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Chris Reed, Managing Director & Chief Executive Officer |
+61 8 9322 1182 |
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Chris Kelsall, CFO & Company Secretary |
+61 8 9322 1182 |
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Cavendish Capital Markets Ltd - NOMAD & Broker |
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Neil McDonald |
+44 (0)131 220 9771 |
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Peter Lynch |
+44 (0)131 220 9772 |
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Adam Rae |
+44 (0)131 220 9778 |
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Details of the person discharging managerial responsibilities / person closely associated |
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1. |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Christopher Reed |
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2. |
Reason for the Notification |
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a) |
Position/status |
Managing Director / CEO |
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b) |
Initial notification/amendment |
Initial notification
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Neometals Ltd
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b) |
LEI |
254900WO0PDVL8V1PY78 |
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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 |
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a) |
Description of the Financial instrument, type of instrument |
Ordinary shares of no par value |
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Identification code |
AU000000NMT1 |
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b) |
Nature of the Transaction |
Exercise of Entitlement Offer Subscription |
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c) |
Price(s) and volume(s) |
740,924 Ordinary Shares at A$0.09 per share
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d) |
Aggregated information Aggregated volume Price |
N/A |
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e) |
Date of the transaction |
6 November 2024
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f) |
Place of the transaction |
Off Market
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1. |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Steven Cole |
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2. |
Reason for the Notification |
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a) |
Position/status |
Chair |
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b) |
Initial notification/amendment |
Initial notification
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Neometals Ltd
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b) |
LEI |
254900WO0PDVL8V1PY78 |
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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 |
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a) |
Description of the Financial instrument, type of instrument |
Ordinary shares of no par value |
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Identification code |
AU000000NMT1 |
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b) |
Nature of the Transaction |
Exercise of Entitlement Offer Subscription |
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c) |
Price(s) and volume(s) |
188,089 Ordinary Shares at A$0.09 per share
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d) |
Aggregated information Aggregated volume Price |
N/A |
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e) |
Date of the transaction |
6 November 2024
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f) |
Place of the transaction |
Off Market
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1. |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Doug Ritchie |
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2. |
Reason for the Notification |
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a) |
Position/status |
Non-Executive Director |
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b) |
Initial notification/amendment |
Initial notification
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Neometals Ltd
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b) |
LEI |
254900WO0PDVL8V1PY78 |
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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 |
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a) |
Description of the Financial instrument, type of instrument |
Ordinary shares of no par value |
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Identification code |
AU000000NMT1 |
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b) |
Nature of the Transaction |
Exercise of Entitlement Offer Subscription |
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c) |
Price(s) and volume(s) |
35,264 Ordinary Shares at A$0.09 per share
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d) |
Aggregated information Aggregated volume Price |
N/A |
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e) |
Date of the transaction |
6 November 2024
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f) |
Place of the transaction |
Off Market
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1. |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Jenny Purdie |
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2. |
Reason for the Notification |
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a) |
Position/status |
Executive Director |
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b) |
Initial notification/amendment |
Initial notification
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Neometals Ltd
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b) |
LEI |
254900WO0PDVL8V1PY78 |
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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 |
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a) |
Description of the Financial instrument, type of instrument |
Ordinary shares of no par value |
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Identification code |
AU000000NMT1 |
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b) |
Nature of the Transaction |
Exercise of Entitlement Offer Subscription |
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c) |
Price(s) and volume(s) |
47,632 Ordinary Shares at A$0.09 per share
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d) |
Aggregated information Aggregated volume Price |
N/A |
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e) |
Date of the transaction |
6 November 2024
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f) |
Place of the transaction |
Off Market
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1. |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Les Guthrie |
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2. |
Reason for the Notification |
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a) |
Position/status |
Non-Executive Director |
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b) |
Initial notification/amendment |
Initial notification
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Neometals Ltd
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b) |
LEI |
254900WO0PDVL8V1PY78 |
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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 |
|
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a) |
Description of the Financial instrument, type of instrument |
Ordinary shares of no par value |
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Identification code |
AU000000NMT1 |
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b) |
Nature of the Transaction |
Exercise of Entitlement Offer Subscription |
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c) |
Price(s) and volume(s) |
22,256 Ordinary Shares at A$0.09 per share
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d) |
Aggregated information Aggregated volume Price |
N/A |
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e) |
Date of the transaction |
6 November 2024
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f) |
Place of the transaction |
Off Market
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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.
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