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Metals X Limited Major Shareholding Notification 2021

Aug 3, 2021

10401_rns_2021-08-03_4b6ea183-1b9f-4b2e-8e77-98c10c591472.pdf

Major Shareholding Notification

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Form 604

Corporations Act Section 671B

Notice of change of interests of substantial holder

To: Company Name/Scheme METAL X LIMITED

ACN/ARSN 110 150 055

1. Details of substantial holder

Name

Bank of America Corporation and its related bodies corporate (See Appendix C)

ACN/ARSN (if applicable):

There was a change in the interests of the substantial holder on 02 Aug 2021 04 Jun 2021

The previous notice was given to the company on

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of
securities (4)
Previous Notice Previous Notice Present Notice Present Notice
Person’s Votes Voting Power (5) Person’s Votes Voting Power (5)
Ordinary 45,504,010 5.02% 54,695,622 6.03%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of
change
Person whose relevant
interest changed
Nature of
Change
(6)
Consideration
given in relation
to change (7)
Class and Number
of securities
affected
Person’s votes
affected
Please see Annexure A.

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of
relevant
interest
Registered
holder of
securities
Person entitled
to be registered
holder (8)
Nature of relevant interest (6) Class and
number of
securities
Person’s
votes
Merrill Lynch
(Australia)
Futures Limited
Merrill Lynch
(Australia)
Nominees Pty.
Ltd
Merrill Lynch
(Australia)
Futures Limited
Power to control voting and/or
disposal of securities in its capacity
as ultimate beneficial owner having a
principal position.
Ordinary
15,515,899
15,515,899
Merrill Lynch
International
Merrill Lynch
(Australia)
Nominees Pty.
Ltd
Merrill Lynch
International
Borrowing of securities pursuant to a
Prime Brokerage Agreement (see
Appendix B), with power to control
the voting and/or disposal of
borrowed securities.
Ordinary
38,406,038
38,406,038
BofA Securities,
Inc.
Merrill Lynch
(Australia)
Nominees Pty.
Ltd
BofA Securities,
Inc.
Borrowing of securities pursuant to a
Stock Borrow Loan Agreement (see
Appendix B), with power to control
the voting and/or disposal of
borrowed securities.
Ordinary
228,700
228,700
Merrill Lynch
Markets
(Australia) Pty.
Limited
Merrill Lynch
(Australia)
Nominees Pty.
Ltd
Merrill Lynch
Markets
(Australia) Pty.
Limited
Borrowing of securities pursuant to a
Prime Brokerage Agreement (see
Appendix B), with power to control
the voting and/or disposal of
borrowed securities.
Ordinary
544,985
544,985

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ ARSN (if applicable) Nature of association
N/A N/A

6. Addresses

The addresses of persons named in this form are as follows:

Name Address
Bank of America Corporation 100 North Tryon Street, Charlotte, North Carolina, 28255, USA
Merrill Lynch (Australia) Futures Limited Level 34, Governor Phillip Tower, 1 Farrer Place, Sydney NSW
2000, Australia
Merrill Lynch (Australia) Nominees Pty Ltd Level 19, 120 Collins St, Melbourne Vic 3000, Australia
Merrill Lynch Markets (Australia) Pty. Limited Level 34, Governor Phillip Tower, 1 Farrer Place, Sydney NSW
2000, Australia
Merrill Lynch International 2 King Edward Street, London, England, EC1A 1HQ, United
Kingdom
BofA Securities, Inc. One Bryant Park, New York NY 10036, USA

SIGNATURE

Print Name:
Sign Here:
Kelvin Kwok
Capacity:
Authorised signatory
Date:
04 August 2021

Appendix A

Date of
change
Person whose relevant interest changed Nature of
change (4)

Consideration
(5)

Class (6) of
securities

Securities
affected
Person's votes
affected
Remark
06/03/2021 Merrill Lynch Markets (Australia) Pty. Limited Securities
returned
N/A Ordinary (23,996) (23,996) Refer to App. B
06/03/2021
Merrill Lynch (Australia) Futures Limited
BUY 2,072 Ordinary 7,535 7,535 N/A
06/03/2021
Merrill Lynch (Australia) Futures Limited
BUY 48,207 Ordinary 176,756 176,756 N/A
06/03/2021
Merrill Lynch (Australia) Futures Limited
SELL (6,951) Ordinary (25,213) (25,213) N/A
06/04/2021 Merrill Lynch Markets (Australia) Pty. Limited Securities
returned
N/A Ordinary (23,949) (23,949) Refer to App. B
06/04/2021
Merrill Lynch (Australia) Futures Limited
BUY 18,267 Ordinary 66,426 66,426 N/A
06/04/2021
Merrill Lynch (Australia) Futures Limited
SELL (9,061) Ordinary (33,399) (33,399) N/A
06/04/2021
Merrill Lynch (Australia) Futures Limited
BUY 7,946 Ordinary 29,430 29,430 N/A
06/07/2021 Merrill Lynch Markets (Australia) Pty. Limited Securities
returned
N/A Ordinary (14,301) (14,301) Refer to App. B
06/07/2021
Merrill Lynch (Australia) Futures Limited
BUY 1,855 Ordinary 6,937 6,937 N/A
06/07/2021
Merrill Lynch (Australia) Futures Limited
SELL (3,992) Ordinary (14,784) (14,784) N/A
06/07/2021
Merrill Lynch (Australia) Futures Limited
BUY 94,426 Ordinary 360,000 360,000 N/A
06/07/2021
Merrill Lynch (Australia) Futures Limited
SELL (27,370) Ordinary (101,226) (101,226) N/A
06/08/2021 Merrill Lynch Markets (Australia) Pty. Limited Securities
returned
N/A Ordinary (12,051) (12,051) Refer to App. B
06/08/2021
Merrill Lynch (Australia) Futures Limited
SELL (17,257) Ordinary (69,026) (69,026) N/A
06/08/2021
Merrill Lynch (Australia) Futures Limited
BUY 136,762 Ordinary 550,000 550,000 N/A
06/08/2021
Merrill Lynch (Australia) Futures Limited
BUY 41,594 Ordinary 165,970 165,970 N/A
06/09/2021
Merrill Lynch (Australia) Futures Limited
BUY 77,609 Ordinary 300,000 300,000 N/A
06/09/2021
Merrill Lynch (Australia) Futures Limited
BUY 6,449 Ordinary 24,805 24,805 N/A
06/09/2021
Merrill Lynch (Australia) Futures Limited
SELL (16,890) Ordinary (65,354) (65,354) N/A
06/10/2021
Merrill Lynch (Australia) Futures Limited
SELL (8,919) Ordinary (34,978) (34,978) N/A
06/10/2021
Merrill Lynch (Australia) Futures Limited
BUY 7,805 Ordinary 30,606 30,606 N/A
06/10/2021
Merrill Lynch (Australia) Futures Limited
SELL (919) Ordinary (3,536) (3,536) N/A
06/11/2021
Merrill Lynch (Australia) Futures Limited
SELL (10,845) Ordinary (42,531) (42,531) N/A
06/11/2021
Merrill Lynch (Australia) Futures Limited
BUY 5,105 Ordinary 19,651 19,651 N/A
06/15/2021
Merrill Lynch International
Securities
returned
N/A Ordinary (148,166) (148,166) Refer to App. B
06/15/2021
Merrill Lynch (Australia) Futures Limited
BUY 95,361 Ordinary 369,834 369,834 N/A
06/15/2021
Merrill Lynch (Australia) Futures Limited
SELL (9,530) Ordinary (36,670) (36,670) N/A
06/15/2021
Merrill Lynch (Australia) Futures Limited
SELL (22,303) Ordinary (86,649) (86,649) N/A
06/16/2021
Merrill Lynch (Australia) Futures Limited
SELL (75,951) Ordinary (299,856) (299,856) N/A
06/16/2021
Merrill Lynch (Australia) Futures Limited
SELL (3) Ordinary (13) (13) N/A
06/16/2021
Merrill Lynch (Australia) Futures Limited
BUY 130,410 Ordinary 510,000 510,000 N/A
06/17/2021
Merrill Lynch (Australia) Futures Limited
SELL (22,327) Ordinary (89,707) (89,707) N/A
06/17/2021
Merrill Lynch (Australia) Futures Limited
BUY 123,125 Ordinary 500,000 500,000 N/A
06/18/2021
Merrill Lynch (Australia) Futures Limited
BUY 8,595 Ordinary 35,814 35,814 N/A
06/18/2021
Merrill Lynch (Australia) Futures Limited
SELL (8,776) Ordinary (35,820) (35,820) N/A
06/18/2021
Merrill Lynch (Australia) Futures Limited
BUY 45,138 Ordinary 184,235 184,235 N/A
06/21/2021
Merrill Lynch (Australia) Futures Limited
SELL (1) Ordinary (4) (4) N/A
06/21/2021
Merrill Lynch (Australia) Futures Limited
BUY 90,578 Ordinary 390,000 390,000 N/A
06/21/2021
Merrill Lynch (Australia) Futures Limited
BUY 904 Ordinary 4,018 4,018 N/A
06/22/2021
Merrill Lynch (Australia) Futures Limited
SELL (364) Ordinary (1,515) (1,515) N/A
06/22/2021
Merrill Lynch (Australia) Futures Limited
BUY 289 Ordinary 1,206 1,206 N/A
06/23/2021
Merrill Lynch (Australia) Futures Limited
BUY 525 Ordinary 2,234 2,234 N/A
Date of
change
Person whose relevant interest changed Nature of
change (4)

Consideration
(5)

Class (6) of
securities

Securities
affected
Person's votes
affected
Remark
06/23/2021
Merrill Lynch (Australia) Futures Limited
SELL (3,194) Ordinary (13,591) (13,591) N/A
06/23/2021
Merrill Lynch (Australia) Futures Limited
BUY 52,200 Ordinary 220,000 220,000 N/A
06/23/2021
Merrill Lynch (Australia) Futures Limited
SELL (514) Ordinary (2,236) (2,236) N/A
06/24/2021
Merrill Lynch (Australia) Futures Limited
BUY 7,871 Ordinary 34,222 34,222 N/A
06/24/2021
Merrill Lynch (Australia) Futures Limited
BUY 14,764 Ordinary 65,384 65,384 N/A
06/24/2021
Merrill Lynch (Australia) Futures Limited
SELL (399) Ordinary (1,734) (1,734) N/A
06/25/2021
Merrill Lynch (Australia) Futures Limited
SELL (3,817) Ordinary (16,244) (16,244) N/A
06/28/2021
Merrill Lynch (Australia) Futures Limited
BUY 6,432 Ordinary 29,914 29,914 N/A
06/28/2021
Merrill Lynch (Australia) Futures Limited
SELL (3,812) Ordinary (16,223) (16,223) N/A
06/28/2021
Merrill Lynch (Australia) Futures Limited
BUY 74,800 Ordinary 340,000 340,000 N/A
06/28/2021
Merrill Lynch (Australia) Futures Limited
BUY 13,012 Ordinary 59,144 59,144 N/A
06/29/2021
Merrill Lynch (Australia) Futures Limited
BUY 86,000 Ordinary 400,000 400,000 N/A
06/29/2021
Merrill Lynch (Australia) Futures Limited
SELL (13,011) Ordinary (59,141) (59,141) N/A
06/30/2021
Merrill Lynch (Australia) Futures Limited
BUY 7,409 Ordinary 35,282 35,282 N/A
06/30/2021
Merrill Lynch (Australia) Futures Limited
BUY 43,349 Ordinary 205,909 205,909 N/A
06/30/2021
Merrill Lynch (Australia) Futures Limited
BUY 320,187 Ordinary 1,496,355 1,496,355 N/A
06/30/2021
Merrill Lynch (Australia) Futures Limited
SELL (7,453) Ordinary (35,294) (35,294) N/A
07/01/2021
Merrill Lynch (Australia) Futures Limited
BUY 26,264 Ordinary 119,384 119,384 N/A
07/01/2021
Merrill Lynch (Australia) Futures Limited
SELL (7,405) Ordinary (33,657) (33,657) N/A
07/02/2021
Merrill Lynch (Australia) Futures Limited
BUY 12,913 Ordinary 57,393 57,393 N/A
07/02/2021
Merrill Lynch (Australia) Futures Limited
SELL (12,536) Ordinary (55,714) (55,714) N/A
07/05/2021
Merrill Lynch International
Securities
returned
N/A Ordinary (207,033) (207,033) Refer to App. B
07/05/2021
Merrill Lynch (Australia) Futures Limited
SELL (1,675) Ordinary (7,444) (7,444) N/A
07/05/2021
Merrill Lynch (Australia) Futures Limited
BUY 5,229 Ordinary 23,242 23,242 N/A
07/06/2021
Merrill Lynch (Australia) Futures Limited
BUY 108,905 Ordinary 500,000 500,000 N/A
07/06/2021
Merrill Lynch (Australia) Futures Limited
SELL (12,338) Ordinary (56,232) (56,232) N/A
07/06/2021
Merrill Lynch (Australia) Futures Limited
BUY 10,131 Ordinary 45,761 45,761 N/A
07/08/2021
Merrill Lynch (Australia) Futures Limited
BUY 11,068 Ordinary 52,706 52,706 N/A
07/08/2021
Merrill Lynch (Australia) Futures Limited
BUY 38,500 Ordinary 175,000 175,000 N/A
07/08/2021
Merrill Lynch (Australia) Futures Limited
SELL (7,418) Ordinary (33,718) (33,718) N/A
07/09/2021
Merrill Lynch (Australia) Futures Limited
SELL (1,108) Ordinary (5,038) (5,038) N/A
07/09/2021
Merrill Lynch (Australia) Futures Limited
SELL (4,556) Ordinary (21,191) (21,191) N/A
07/12/2021
Merrill Lynch (Australia) Futures Limited
SELL (3,492) Ordinary (16,240) (16,240) N/A
07/12/2021
Merrill Lynch (Australia) Futures Limited
SELL (3,065) Ordinary (13,933) (13,933) N/A
07/13/2021
Merrill Lynch (Australia) Futures Limited
BUY 17,673 Ordinary 77,479 77,479 N/A
07/14/2021
Merrill Lynch (Australia) Futures Limited
BUY 92,000 Ordinary 400,000 400,000 N/A
07/14/2021
Merrill Lynch (Australia) Futures Limited
BUY 11,500 Ordinary 50,000 50,000 N/A
07/15/2021
Merrill Lynch (Australia) Futures Limited
SELL (1,592) Ordinary (6,635) (6,635) N/A
07/15/2021
Merrill Lynch (Australia) Futures Limited
BUY 118,928 Ordinary 500,000 500,000 N/A
07/15/2021
Merrill Lynch (Australia) Futures Limited
SELL (5) Ordinary (23) (23) N/A
07/15/2021
Merrill Lynch (Australia) Futures Limited
BUY 10,163 Ordinary 42,827 42,827 N/A
07/16/2021
Merrill Lynch International
Securities
returned
N/A Ordinary (272,905) (272,905) Refer to App. B
07/16/2021
Merrill Lynch (Australia) Futures Limited
BUY 120,828 Ordinary 500,000 500,000 N/A
07/19/2021
Merrill Lynch (Australia) Futures Limited
BUY 6,558 Ordinary 27,906 27,906 N/A
07/19/2021
Merrill Lynch (Australia) Futures Limited
SELL (29,192) Ordinary (122,829) (122,829) N/A
07/20/2021
Merrill Lynch International
Securities
borrowed
N/A Ordinary 642,474 642,474 Refer to App. B
Date of
change
Person whose relevant interest changed Nature of
change (4)

Consideration
(5)

Class (6) of
securities

Securities
affected
Person's votes
affected
Remark
07/20/2021
Merrill Lynch (Australia) Futures Limited
SELL (35,455) Ordinary (159,252) (159,252) N/A
07/20/2021
Merrill Lynch (Australia) Futures Limited
BUY 30,413 Ordinary 138,242 138,242 N/A
07/20/2021
Merrill Lynch (Australia) Futures Limited
BUY 112,222 Ordinary 500,000 500,000 N/A
07/20/2021
Merrill Lynch (Australia) Futures Limited
SELL (6,415) Ordinary (27,890) (27,890) N/A
07/21/2021
Merrill Lynch (Australia) Futures Limited
SELL (37,582) Ordinary (164,965) (164,965) N/A
07/21/2021
Merrill Lynch (Australia) Futures Limited
BUY 184,994 Ordinary 800,000 800,000 N/A
07/21/2021
Merrill Lynch (Australia) Futures Limited
SELL (32,037) Ordinary (138,240) (138,240) N/A
07/22/2021
Merrill Lynch International
Securities
returned
N/A Ordinary (642,474) (642,474) Refer to App. B
07/22/2021
Merrill Lynch International
Securities
returned
N/A Ordinary (39,105,586) (39,105,586) Refer to App. B
07/22/2021
Merrill Lynch International
Securities
borrowed
N/A Ordinary 39,748,060 39,748,060 Refer to App. B
07/22/2021
Merrill Lynch (Australia) Futures Limited
SELL (7,141) Ordinary (30,388) (30,388) N/A
07/23/2021
Merrill Lynch International
Securities
returned
N/A Ordinary (55,155) (55,155) Refer to App. B
07/23/2021
Merrill Lynch (Australia) Futures Limited
SELL (12,556) Ordinary (51,054) (51,054) N/A
07/23/2021
Merrill Lynch (Australia) Futures Limited
BUY 5,154 Ordinary 21,035 21,035 N/A
07/23/2021
Merrill Lynch (Australia) Futures Limited
SELL (5) Ordinary (18) (18) N/A
07/23/2021
Merrill Lynch (Australia) Futures Limited
BUY 7,871 Ordinary 32,128 32,128 N/A
07/26/2021
Merrill Lynch (Australia) Futures Limited
SELL (5,256) Ordinary (21,025) (21,025) N/A
07/26/2021
Merrill Lynch (Australia) Futures Limited
BUY 1,725 Ordinary 7,186 7,186 N/A
07/27/2021
Merrill Lynch International
Securities
returned
N/A Ordinary (332,122) (332,122) Refer to App. B
07/27/2021
Merrill Lynch (Australia) Futures Limited
BUY 4,629 Ordinary 19,287 19,287 N/A
07/27/2021
Merrill Lynch (Australia) Futures Limited
SELL (9,806) Ordinary (39,621) (39,621) N/A
07/27/2021
Merrill Lynch (Australia) Futures Limited
BUY 1,657 Ordinary 6,905 6,905 N/A
07/27/2021
Merrill Lynch (Australia) Futures Limited
SELL (1,712) Ordinary (6,915) (6,915) N/A
07/27/2021
Merrill Lynch (Australia) Futures Limited
SELL (4,146) Ordinary (16,257) (16,257) N/A
07/28/2021
Merrill Lynch International
Securities
returned
N/A Ordinary (248,033) (248,033) Refer to App. B
07/28/2021
Merrill Lynch (Australia) Futures Limited
BUY 48,363 Ordinary 193,451 193,451 N/A
07/29/2021
Merrill Lynch International
Securities
returned
N/A Ordinary (353,356) (353,356) Refer to App. B
07/29/2021
Merrill Lynch (Australia) Futures Limited
BUY 305,832 Ordinary 1,200,000 1,200,000 N/A
07/29/2021
Merrill Lynch (Australia) Futures Limited
BUY 17,901 Ordinary 70,223 70,223 N/A
07/30/2021 Merrill Lynch Markets (Australia) Pty. Limited Securities
borrowed
N/A Ordinary 808,669 808,669 Refer to App. B
07/30/2021
Merrill Lynch International
Securities
returned
N/A Ordinary (353,356) (353,356) Refer to App. B
07/30/2021
Merrill Lynch (Australia) Futures Limited
SELL (5,320) Ordinary (19,702) (19,702) N/A
08/02/2021 Merrill Lynch Markets (Australia) Pty. Limited Securities
returned
N/A Ordinary (263,684) (263,684) Refer to App. B
08/02/2021
Merrill Lynch (Australia) Futures Limited
SELL (138) Ordinary (521) (521) N/A

Appendix B-1: Prescribed information

Type of agreement International Prime Brokerage Agreement
Parties to agreement Merrill Lynch International, Merrill Lynch Markets (Australia) Pty Limited and OP MASTER
FUND LTD(GCM)
Holder of voting
rights
Securities borrower. Securities lender may instruct the registered holder to vote on
securities.
Are there any
restrictions on voting
rights?
No
If yes, detail N/A
Scheduled return
date (if any)
On recall of the securities loan by the securities lender.
Does the borrower
have the right to
return early?
Yes
If yes, detail Securities borrower will have right to return assets at any time.
Does the lender have
the right to recall
early?
Yes
If yes, detail Securities lender will have right to recall assets at any time.
Will the securities be
returned on
settlement?
Yes
If yes, detail any
exceptions
N/A

Appendix B-2: Prescribed information

Type of agreement International Prime Brokerage Agreement
Parties to agreement Merrill Lynch International, Merrill Lynch Markets (Australia) Pty Limited and PCM LP
(RTV)
Holder of voting
rights
Securities borrower. Securities lender may instruct the registered holder to vote on
securities.
Are there any
restrictions on voting
rights?
No
If yes, detail N/A
Scheduled return
date (if any)
On recall of the securities loan by the securities lender.
Does the borrower
have the right to
return early?
Yes
If yes, detail Securities borrower will have right to return assets at any time.
Does the lender have
the right to recall
early?
Yes
If yes, detail Securities lender will have right to recall assets at any time.
Will the securities be
returned on
settlement?
Yes
If yes, detail any
exceptions
N/A

Appendix B-3: Prescribed information

Type of agreement International Prime Brokerage Agreement
Parties to agreement Merrill Lynch International, Merrill Lynch Markets (Australia) Pty Limited and
Susquehanna Pacific PtyLtd
Holder of voting
rights
Securities borrower. Securities lender may instruct the registered holder to vote on
securities.
Are there any
restrictions on voting
rights?
No
If yes, detail N/A
Scheduled return
date (if any)
On recall of the securities loan by the securities lender.
Does the borrower
have the right to
return early?
Yes
If yes, detail Securities borrower will have right to return assets at any time.
Does the lender have
the right to recall
early?
Yes
If yes, detail Securities lender will have right to recall assets at any time.
Will the securities be
returned on
settlement?
Yes
If yes, detail any
exceptions
N/A

Appendix B-4: Prescribed information

Type of agreement Securities LendingAgreement
Parties to agreement BofA Securities, Inc. and CITIBANK N.A.
Holder of voting rights Securities borrower. Securities lender mayinstruct the registered holder to vote on securities.
Are there any
restrictions on voting
rights?
No
Ifyes, detail N/A
Scheduled return date
(if any)
On recall of the securities loan by the securities lender.
Does the borrower
have the right to return
**early? **
Yes
Ifyes, detail Securities borrower will have right to return assets at anytime.
Does the lender have
the right to recall
**early? **
Yes
Ifyes, detail Securities lender will have right to recall assets at anytime.
Will the securities be
returned on
settlement?
Yes
If yes, detail any
exceptions
N/A

Appendix C

Related bodies corporate Incorporated **ACN/Registration/Incorporation Number **
Merrill Lynch International United Kingdom 2312079
ML UK Capital Holdings Limited United Kingdom 4971231
BofAML EMEA Holdings 2 Limited United States 119605
Merrill Lynch (Australia) Futures Limited Australia 003639674
Merrill Lynch International(Australia)Ltd Australia 002892846
Merrill Lynch Markets (Australia) Pty. Limited Australia 075587816
Merrill Lynch(Australasia)Pty. Ltd Australia 075923894
Bank of America Global Holdings, LLC United States 5169939
BofAML Jersey Holdings Limited Jersey 115831
BofA Securities, Inc. United States 5793661
NB Holdings Corporation United States 2361372
Bankof America Corporation United States N/A628