Asiamet Resources Limited Share Purchase by CEO (1199I)
November 30 2022 - 8:15AM
UK Regulatory
TIDMARS
RNS Number : 1199I
Asiamet Resources Limited
30 November 2022
30 November 2022
Share Purchase by CEO
Asiamet Resources Limited ("Asiamet" or the "Company") was
notified on 30 November 2022 that Darryn McClelland, Chief
Executive Officer purchased 3,500,000 common shares of par value
US$0.01 each ("Common Shares") at 1.20p per share in the Company.
This share purchase is Darryn McClelland's first open market
purchases since his appointment on 13 June 2022.
Darryn McClelland, Chief Executive Officer commented:
"Since joining the Company just over five months ago, I have
been very impressed with the quality of the people and the
portfolio of assets held by Asiamet. Both the BKM copper project
and Beutong projects are ideally positioned to enable the energy
transition in Asia."
The details of the purchase are disclosed below. The information
communicated in this announcement is inside information for the
purposes of Article 7 of Regulation 596/2014.
Notification of Transactions of Persons Discharging Managerial
Responsibility and Persons Closely Associated with them.
TR-1: S tandard form for notification of major holdings
1. Details of the person discharging managerial responsibilities
/ person closely associated
a. Name Darryn McClelland
------------------------------------ -----------------------------
2. Reason for the notification
-------------------------------------------------------------------
a. Position/status Chief Executive Officer
------------------------------------ -----------------------------
b. Initial notification/Amendment Initial Notification
------------------------------------ -----------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a. Name Asiamet Resources Limited
------------------------------------ -----------------------------
b. LEI 213800PWJMT1NG28TA88
------------------------------------ -----------------------------
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 Common Shares of par value
instrument, type of instrument US$0.01 each
Identification code BM04521V1038
------------------------------------ -----------------------------
b. Nature of the transaction Purchase of ordinary shares
------------------------------------ -----------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
1.2p/share 3,500,000
----------
------------------------------------ -----------------------------
d. Aggregated information
* Aggregated volume n/a single transaction
* Price
------------------------------------ -----------------------------
e. Date of the transaction 29 November 2022
------------------------------------ -----------------------------
f. Place of the transaction London Stock Exchange
------------------------------------ -----------------------------
ON BEHALF OF THE BOARD OF DIRECTORS
Darryn McClelland, Chief Executive Officer
For further information, please contact:
-Ends-
Darryn McClelland
Chief Executive Officer, Asiamet Resources Limited
Email: darryn.mcclelland@asiametresources.com
Tony Manini
Executive Chairman, Asiamet Resources Limited
Email: tony.manini@asiametresources.com
Investor Enquiries
Sasha Sethi
Telephone: +44 (0) 7891 677 441
Email: Sasha@flowcomms.com / info@asiametresources.com
Asiamet Resources Nominated Adviser
RFC Ambrian Limited
Bhavesh Patel / Stephen Allen
Telephone: +44 (0)20 3440 6800
Email: Bhavesh.Patel@rfcambrian.com / Stephen.Allen@rfcambrian.com
Optiva Securities Limited
Christian Dennis
Telephone: +44 20 3137 1903
Email: Christian.Dennis@optivasecurities.com
Follow us on twitter @AsiametTweets
FORWARD-LOOKING STATEMENT
This news release contains forward-looking statements that are
based on the Company's current expectations and estimates.
Forward-looking statements are frequently characterised by words
such as "plan", "expect", "project", "intend", "believe",
"anticipate", "estimate", "suggest", "indicate" and other similar
words or statements that certain events or conditions "may" or
"will" occur. Such forward-looking statements involve known and
unknown risks, uncertainties and other factors that could cause
actual events or results to differ materially from estimated or
anticipated events or results implied or expressed in such
forward-looking statements. Such factors include, among others: the
actual results of current exploration activities; conclusions of
economic evaluations; changes in project parameters as plans
continue to be refined; possible variations in ore grade or
recovery rates; accidents, labour disputes and other risks of the
mining industry; delays in obtaining governmental approvals or
financing; and fluctuations in metal prices. There may be other
factors that cause actions, events or results not to be as
anticipated, estimated or intended. Any forward-looking statement
speaks only as of the date on which it is made and, except as may
be required by applicable securities laws, the Company disclaims
any intent or obligation to update any forward-looking statement,
whether as a result of new information, future events or results or
otherwise. Forward-looking statements are not guarantees of future
performance and accordingly undue reliance should not be put on
such statements due to the inherent uncertainty therein.
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END
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