REG - Asiamet Resources Ld - Director’s Fees and Employee Share-Based Payments

Asiamet ResourcesAnnouncement

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RNS Number : 6010Z  Asiamet Resources Limited  17 September 2025

17 September 2025

Asiamet Resources Limited

("Asiamet" or the "Company")

 

2024 Director's Fees and Employee Share-Based Payments

 

 

Asiamet Resources Limited announces that the Board of Directors have opted to
receive the fees due to them under their respective employment contracts for
the period from 1 January 2024 to 31 December 2024, in the form of new common
shares of US$0.01 each in the Company ("Common Shares") in lieu of cash ("Fee
Shares"). In addition, Asiamet announces the issue of new Common Shares to
certain members of management under the Company's performance rights plan (the
"Performance Rights Shares").

 

Fee Shares

 

The issue price applicable to issue of the Fee Shares is equal to the volume
weighted average price ("VWAP") of the Company's Common Shares over the 10
trading days immediately following publication of the Company's Annual
Accounts as released on 29 May 2025, being approximately 0.96 pence per new
Common Share (the "Issue Price").

 

The award of Fee Shares to directors for their annual fees for 2024 is set out
below:

 

Tony Manini                       3,082,521 new Common
Shares

Dominic Heaton                3,467,901 new Common Shares

Bruce Sheng                       2,697,245 new Common
Shares

Eva Armila                           3,082,521 new
Common Shares

Matthew Doube              2,876,235 new Common Shares

 

Asiamet's former board member, Peter Chambers, shall be awarded 4,458,596 Fee
Shares for both his time spent on the board until his resignation on 7 October
2024 and as remuneration for his employment as a Senior Advisor to Asiamet's
Board of Directors from 2025.

 

Performance Rights Shares

 

In addition to the abovementioned Fee Shares issuance, the Company shall award
a further 11,779,189 performance rights in the form of new Common Shares in
Asiamet at the Issue Price to certain employees for their contribution to the
Company during 2024 and as a long-term incentive. This includes 1,807,245
Performance Rights Shares allocated to Tony Manini (Executive Chairman),
8,315,721 Performance Rights Shares to Darryn McClelland (CEO) and 1,656,223
Performance Rights Shares to other Asiamet employees.

 

Following the issue of the Fee Shares and Performance Rights Shares, the
shareholdings of the directors (including direct and indirect holdings) and
other PDMR will be as follows:

 Director/PDMR      Holding of Common Shares  Percentage of Share Capital Following Admission
 Tony Manini        73,243,573                2.26%
 Dominic Heaton     18,722,824                0.58%
 Bruce Sheng        149,949,915               4.62%
 Eva Armila         9,089,823                 0.28%
 Matthew Doube      3,492,842                 0.11%
 Other PDMR
 Darryn McClelland  41,641,216                1.28%

 

Admission and Total Voting Rights

Application has been made for the 31,444,208 new Common Shares (comprising the
aggregate 19,665,019 Fee Shares and 11,779,189 Performance Rights Shares) to
be admitted to trading on AIM ("Admission"). It is expected that Admission
will become effective and dealings in the new Common Shares will commence on
or around 19 September 2025. 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 on Admission shall be
3,244,428,850 Common 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 guidance and Transparency Rules.

 

The following notification has been made in accordance with the requirements
of the EU Market Abuse Regulation as part of UK domestic law by virtue of the
European Union (Withdrawal) Act 2018, as amended.

 

Notification of Transactions of Persons Discharging Managerial Responsibility
and Persons Closely Associated with them.

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         1.   Tony Manini

                                                                  2.   Dominic Heaton

                                                                  3.   Bruce Sheng

                                                                  4.   Eva Armila

                                                                  5.   Matthew Doube
 2.  Reason for the Notification
 a)  Position/status                                              1.   Executive Chairman

                                                                  2.   Non-Executive Director

                                                                  3.   Non-Executive Director

                                                                  4.   Non-Executive Director

                                                                  5.   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  Common Shares of par value US$0.01 each
     Identification code                                          BM04521V1038
 b)  Nature of the Transaction                                    Issue of Fee Shares
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  0.96      3,082,521
                                                                  0.96      3,467,901
                                                                  0.96      2,697,245
                                                                  0.96      3,082,521
                                                                  0.96      2,876,235
                                                                  0.96      4,458,596
 d)  Aggregated information                                       N/A (Single transactions)

     Aggregated volume Price
 e)  Date of the transaction                                      11 September 2025
 f)  Place of the transaction                                     Outside of a trading venue

d)

Aggregated information

Aggregated volume Price

N/A (Single transactions)

e)

Date of the transaction

11 September 2025

f)

Place of the transaction

Outside of a trading venue

 

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         1.    Tony Manini

                                                                  2.    Darryn McClelland
 2.  Reason for the Notification
 a)  Position/status                                              1.    Executive Chairman

                                                                  2.    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  Common Shares of par value US$0.01 each
     Identification code                                          BM04521V1038
 b)  Nature of the Transaction                                    Issue of Performance Rights Shares
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  0.96      1,807,245
                                                                  0.96      8,315,721
 d)  Aggregated information                                       N/A (Single transactions)

     Aggregated volume Price
 e)  Date of the transaction                                      11 September 2025
 f)  Place of the transaction                                     Outside of a trading venue

d)

Aggregated information

Aggregated volume Price

N/A (Single transactions)

e)

Date of the transaction

11 September 2025

f)

Place of the transaction

Outside of a trading venue

 

 

 

 

ON BEHALF OF THE BOARD OF DIRECTORS

Darryn McClelland, Chief Executive Officer

 

-Ends-

For further information, please contact:

Darryn McClelland
Chief Executive Officer, Asiamet Resources Limited

Email: darryn.mcclelland@asiametresources.com
(mailto:darryn.mcclelland@asiametresources.com)

 

Tony Manini
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

Nominated & Financial Adviser
Strand Hanson Limited

James Spinney / James Dance / Rob Patrick

Telephone: +44 20 7409 3494

Email: asiamet@strandhanson.co.uk (mailto:asiamet@strandhanson.co.uk)

 

Broker

Shore Capital
Toby Gibbs / George Payne

Telephone: +44 20 7408 4050

 

Follow us on twitter @AsiametTweets

 

FORWARD-LOOKING STATEMENT

This announcement 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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