REG - Asiamet Res Ltd - Directors Fees and Employee Incentive Payments
13/07/2023 15:00
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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 Capital Following
Shares 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
(mailto:darryn.mcclelland@asiametresources.com)
Tony Manini
Executive Chairman, Asiamet Resources Limited
Email: tony.manini@asiametresources.com
(mailto:tony.manini@asiametresources.com)
Investor Enquiries
Sasha Sethi
Telephone: +44 (0) 7891 677 441
Email: Sasha@flowcomms.com (mailto: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 (mailto:Andrew.Thomson@rfcambrian.com) /
Stephen.Allen@rfcambrian.com (mailto:Oliver.Morse@rfcambrian.com)
Optiva Securities Limited
Christian Dennis
Telephone: +44 20 3137 1903
Email: Christian.Dennis@optivasecurities.com
(mailto: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, type of instrument Identification Common Shares of US$0.01 each
code
BM04521V1038
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
d.
Aggregated information
· Aggregated volume
· Price
n/a single transaction
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 Director
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, type of instrument Identification Common Shares of US$0.01 each
code
BM04521V1038
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
d.
Aggregated information
· Aggregated volume
· Price
n/a single transaction
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 Director
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, type of instrument Identification Common Shares of US$0.01 each
code
BM04521V1038
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
d.
Aggregated information
· Aggregated volume
· Price
n/a single transaction
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 Director
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, type of instrument Identification Common Shares of US$0.01 each
code
BM04521V1038
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
d.
Aggregated information
· Aggregated volume
· Price
n/a single transaction
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 Director
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, type of instrument Identification Common Shares of US$0.01 each
code
BM04521V1038
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
d.
Aggregated information
· Aggregated volume
· Price
n/a single transaction
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 Director
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, type of instrument Identification Common Shares of US$0.01 each
code
BM04521V1038
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
d.
Aggregated information
· Aggregated volume
· Price
n/a single transaction
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, type of instrument Identification Common Shares of US$0.01 each
code
BM04521V1038
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
d.
Aggregated information
· Aggregated volume
· Price
n/a single transaction
e.
Date of the transaction
20 July 2023
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