TIDMARS
RNS Number : 9720F
Asiamet Resources Limited
13 July 2023
13 July 2023
2022 Directors Fees and Employee Incentive Payments
Asiamet Resources Limited ("ARS" or the "Company") notes that
pursuant to their letters of engagement, each of the Non-Executive
Directors ("Directors") of the Company and the Chairman are
eligible to receive director's fees. The Chairman and Directors
have elected to receive these fees in the form of shares in the
Company for the period 1 January 2022 to 31 December 2022 in lieu
of cash.
The share price to be used for the calculation is a 10-day VWAP
over the 10 trading days immediately following publication of the
Company's Annual Accounts as released on 27 April 2023, or if the
Company is in a close period at that time, for the 10 trading days
immediately following the end of that close period. The share price
used based on the above formula was 1.08 pence per share following
the release of the Company's Annual Accounts.
The award of shares in the Company to directors for director's
fees for the 2022 year is set out below.
Tony Manini 2,564,630 shares
Dominic Heaton 2,564,630 shares
Faldi Ismail 2,564,630 shares
Peter Pollard 2,564,630 shares
Bruce Sheng 2,564,630 shares
Eva Armila 2,564,630 shares
In addition to the abovementioned share issue, a further
20,738,204 performance rights in the form of shares in the Company
will be awarded to certain employees, in lieu of cash, for their
contribution to the Company during 2022 and as a long-term
incentive. This includes an amount of 3,500,512 shares allocated to
Tony Manini for his role as Executive Chairman, an amount of
6,775,484 shares allocated to Darryn McClelland for his services as
Chief Executive Officer for the period.
Following the issue of the above shares, the shareholdings of
the directors (including direct and indirect holdings) will be as
follows:
Director Holding of Common Percentage of Share
Shares Capital Following
Admission
Tony Manini 57,899,138 2.60%
----------------- ------------------------------
Peter Pollard 7,933,400 0.36%
----------------- ------------------------------
Faldi Ismail 20,677,021 0.93%
----------------- ------------------------------
Dominic Heaton 12,874,330 0.58%
----------------- ------------------------------
Bruce Sheng 125,713,633 5.65%
----------------- ------------------------------
Eva Armila 3,918,043 0.18%
----------------- ------------------------------
Application has been made for the 36,125,985 shares ("New Common
Shares") to be admitted to trading on AIM ("Admission"). It is
expected that Admission to AIM will become effective and dealings
in the New Common Shares will commence on or around 20 July 2023.
The New Common Shares will rank pari passu in all respects with the
existing common shares in the Company.
The total number of common shares outstanding after completion
of the issue of the New Common Shares will increase from
2,187,064,944 to 2,223,190,929 shares. This represents the total
number of voting rights in the Company and may be used by
shareholders as the denominator for the calculations by which they
can determine if they are required to notify their interest in, or
a change to their interest in the Company under the Financial
Conduct Authority's Disclosure and Transparency Rules.
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
Andrew Thomson / Stephen Allen
Telephone: +61 8 9480 2500
Email: Andrew.Thomson@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
This announcement contains inside information as stipulated
under the Market Abuse Regulations (EU) no. 596/2014 ("MAR").
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.
PDMR Notification Forms
The notifications below are made in accordance with the
requirements of MAR.
1. Details of the person discharging managerial responsibilities
/ person closely associated
a. Name Tony Manini
---------------------------------------- ------------------------------
2. Reason for the notification
------------------------------------------------------------------------
a. Position/status Director & Executive Chairman
---------------------------------------- ------------------------------
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 instrument, Common Shares of US$0.01 each
type of instrument Identification BM04521V1038
code
---------------------------------------- ------------------------------
b. Nature of the transaction Issuance of common shares
---------------------------------------- ------------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
1.08 p/share 6,065,142
---------
---------------------------------------- ------------------------------
d. Aggregated information
* Aggregated volume n/a single transaction
* Price
---------------------------------------- ------------------------------
e. Date of the transaction 20 July 2023
---------------------------------------- ------------------------------
f. Place of the transaction London Stock Exchange
---------------------------------------- ------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a. Name Dominic Heaton
---------------------------------------- -----------------------------
2. Reason for the notification
-----------------------------------------------------------------------
a. Position/status Non-Executive D irector
---------------------------------------- -----------------------------
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 instrument, Common Shares of US$0.01 each
type of instrument Identification BM04521V1038
code
---------------------------------------- -----------------------------
b. Nature of the transaction Issuance of common shares
---------------------------------------- -----------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
1.08 p/share 2,564,630
---------
---------------------------------------- -----------------------------
d. Aggregated information
* Aggregated volume n/a single transaction
* Price
---------------------------------------- -----------------------------
e. Date of the transaction 20 July 2023
---------------------------------------- -----------------------------
f. Place of the transaction London Stock Exchange
---------------------------------------- -----------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a. Name Faldi Ismail
---------------------------------------- -----------------------------
2. Reason for the notification
-----------------------------------------------------------------------
a. Position/status Non-Executive D irector
---------------------------------------- -----------------------------
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 instrument, Common Shares of US$0.01 each
type of instrument Identification BM04521V1038
code
---------------------------------------- -----------------------------
b. Nature of the transaction Issuance of common shares
---------------------------------------- -----------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
1.08 p/share 2,564,630
---------
---------------------------------------- -----------------------------
d. Aggregated information
* Aggregated volume n/a single transaction
* Price
---------------------------------------- -----------------------------
e. Date of the transaction 20 July 2023
---------------------------------------- -----------------------------
f. Place of the transaction London Stock Exchange
---------------------------------------- -----------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a. Name Peter Pollard
---------------------------------------- -----------------------------
2. Reason for the notification
-----------------------------------------------------------------------
a. Position/status Non-Executive D irector
---------------------------------------- -----------------------------
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 instrument, Common Shares of US$0.01 each
type of instrument Identification BM04521V1038
code
---------------------------------------- -----------------------------
b. Nature of the transaction Issuance of common shares
---------------------------------------- -----------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
1.08 p/share 2,564,630
---------
---------------------------------------- -----------------------------
d. Aggregated information
* Aggregated volume n/a single transaction
* Price
---------------------------------------- -----------------------------
e. Date of the transaction 20 July 2023
---------------------------------------- -----------------------------
f. Place of the transaction London Stock Exchange
---------------------------------------- -----------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a. Name Bruce Sheng
---------------------------------------- -----------------------------
2. Reason for the notification
-----------------------------------------------------------------------
a. Position/status Non-Executive D irector
---------------------------------------- -----------------------------
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 instrument, Common Shares of US$0.01 each
type of instrument Identification BM04521V1038
code
---------------------------------------- -----------------------------
b. Nature of the transaction Issuance of common shares
---------------------------------------- -----------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
1.08 p/share 2,564,630
---------
---------------------------------------- -----------------------------
d. Aggregated information
* Aggregated volume n/a single transaction
* Price
---------------------------------------- -----------------------------
e. Date of the transaction 20 July 2023
---------------------------------------- -----------------------------
f. Place of the transaction London Stock Exchange
---------------------------------------- -----------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a. Name Eva Armila
---------------------------------------- -----------------------------
2. Reason for the notification
-----------------------------------------------------------------------
a. Position/status Non-Executive D irector
---------------------------------------- -----------------------------
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 instrument, Common Shares of US$0.01 each
type of instrument Identification BM04521V1038
code
---------------------------------------- -----------------------------
b. Nature of the transaction Issuance of common shares
---------------------------------------- -----------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
1.08 p/share 2,564,630
---------
---------------------------------------- -----------------------------
d. Aggregated information
* Aggregated volume n/a single transaction
* Price
---------------------------------------- -----------------------------
e. Date of the transaction 20 July 2023
---------------------------------------- -----------------------------
f. Place of the transaction London Stock Exchange
---------------------------------------- -----------------------------
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 instrument, Common Shares of US$0.01 each
type of instrument Identification BM04521V1038
code
---------------------------------------- -----------------------------
b. Nature of the transaction Issuance of common shares
---------------------------------------- -----------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
1.08 p/share 6,775,484
---------
---------------------------------------- -----------------------------
d. Aggregated information
* Aggregated volume n/a single transaction
* Price
---------------------------------------- -----------------------------
e. Date of the transaction 20 July 2023
---------------------------------------- -----------------------------
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END
IOEUOSOROUUBAAR
(END) Dow Jones Newswires
July 13, 2023 10:00 ET (14:00 GMT)
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