Future Metals NL — Share Issue/Capital Change 2021

Dec 6, 2021

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Announcement Summary

Entity name

FUTURE METALS NL

Date of this announcement

Tuesday December 07, 2021

The +securities the subject of this notification are:

+Securities issued under an +employee incentive scheme that are subject to a restriction on transfer and are not being quoted on ASX until the restriction ends

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
New class - code	Performance Rights	2,000,000	07/12/2021
to be confirmed

Refer to next page for full details of the announcement

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 1 - Entity and announcement details

1.1 Name of entity

FUTURE METALS NL

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type

ABN

Registration number

99124734961

1.3 ASX issuer code

FME

1.4 The announcement is

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New announcement

1.5 Date of this announcement

7/12/2021

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

+Securities issued under an +employee incentive scheme that are subject to a restriction on transfer and are not being quoted on ASX until the restriction ends

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

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does not have an existing ASX security code ("new class")

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Part 3C - number and type of +securities the subject of this notification (new class) where issue has not previously been notified to ASX in an Appendix 3B

New +securities issued under an +employee incentive scheme

ASX +security code New class - code to be confirmed	+Security description Performance Rights
+Security type	ISIN code
Other

Date the +securities the subject of this notification were issued 7/12/2021

Will all the +securities issued in this class rank equally in all respects from their issue date? Yes

Were any of the +securities issued to +key management personnel (KMP) or an +associate? Yes

Provide details of the KMP or +associates being issued +securities.	Provide details of the KMP or +associates being issued +securities.
Name of KMP	Name of registered holder	Number of +securities
Elizabeth Henson	Elizabeth Henson	2,000,000

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. - https://www.investi.com.au/api/announcements/fme/f5aefdfd ddf.pdf

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms - https://www.investi.com.au/api/announcements/fme/f5aefdfd ddf.pdf

Any other information the entity wishes to provide about the +securities the subject of this notification

Performance Rights expiring 5:00 pm (WST) on or before 11 June 2024, vesting upon:

a) the Volume Weighted Average Price over a period of 20 consecutive Trading Days on which trades in the Company¿s shares are recorded on ASX (20-day VWAP) being at least 30 cents; and b) Ms Henson remaining a Non-Executive Director for a continuous period of 12 months. The Performance Rights are to be voluntarily escrowed until 22 June 2023.

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Issue details

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Number of +securities

2,000,000

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +Securities (Total number of each +class of +securities quoted)

	Total number of
ASX +security code and description	+securities on issue
FME : ORDINARY FULLY PAID	298,545,184
4.2 Unquoted +Securities (Total number of each +class of +securities issued but	not quoted on ASX)
	Total number of
ASX +security code and description	+securities on issue
FMEAB : ORDINARY FULLY PAID RESTRICTED	49,996,000
FMEAC : OPTION EXPIRING VARIOUS DATES RESTRICTED	47,375,000
FMEAD : OPTION EXPIRING VARIOUS DATES RESTRICTED	40,125,000
FMEAE : PERFORMANCE RIGHTS RESTRICTED	22,000,000
FMEAA : OPTION EXPIRING 15-JAN-2022 EX $0.357	840,001
FMEAF : OPTION EXPIRING 03-NOV-2024 EX $0.18	7,000,000
New class - code to be confirmed : Performance Rights	2,000,000

4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)

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Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? No

5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? Yes

5.2a Date of meeting or proposed meeting to approve the issue under listing rule 7.1

26/11/2021

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