Last checked at 25 Jul 2022 14:15
25 July 2022
2021 Directors Fees
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 2021 to 31 December 2021 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 4 May 2022, 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. In this case the share price used based on the above formula was 2.08 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 2021 year is set out below:
Tony Manini | 1,353,413 | Shares |
Dominic Heaton | 1,353,413 | Shares |
Faldi Ismail | 1,353,413 | Shares |
Peter Pollard | 1,353,413 | Shares |
Bruce Sheng | 1,353,413 | shares |
Eva Armila | 1,353,413 | shares |
In addition to the abovementioned share issue, a further 5,297,999 performance rights will be granted in the form of shares in the Company to certain employees for their contribution to the Company during 2021. This includes an amount of 1,324,086 shares allocated to Tony Manini for his role 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 Shares | Percentage of Share Capital Following Admission |
Tony Manini | 51,833,996 | 2.65% |
Dominic Heaton | 10,309,700 | 0.53% |
Faldi Ismail | 18,112,391 | 0.93% |
Peter Pollard | 5,368,770 | 0.27% |
Bruce Sheng | 123,149,003 | 6.29% |
Eva Armila | 1,353,413 | 0.07% |
Application has been made for the 13,418,477 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 3 August 2022. 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 1,943,217,628 to 1,956,636,105 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
Tony Manini, Executive Chairman
For further information, please contact:-Ends-
Tony Manini Executive Chairman, Asiamet Resources LimitedEmail: 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
This announcement contains inside information as stipulated under the Market Abuse Regulations (EU) no. 596/2014 ("MAR").
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 code | Common Shares of US$0.01 each BM04521V1038 | ||||
b. | Nature of the transaction | Issuance of common shares | ||||
c. | Price(s) and volume(s) |
| ||||
d. | Aggregated information · Aggregated volume · Price |
n/a single transaction | ||||
e. | Date of the transaction | 3 August 2022 | ||||
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 code | Common Shares of US$0.01 each BM04521V1038 | ||||
b. | Nature of the transaction | Issuance of common shares | ||||
c. | Price(s) and volume(s) |
| ||||
d. | Aggregated information · Aggregated volume · Price |
n/a single transaction | ||||
e. | Date of the transaction | 3 August 2022 | ||||
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 code | Common Shares of US$0.01 each BM04521V1038 | ||||
b. | Nature of the transaction | Issuance of common shares | ||||
c. | Price(s) and volume(s) |
| ||||
d. | Aggregated information · Aggregated volume · Price |
n/a single transaction | ||||
e. | Date of the transaction | 3 August 2022 | ||||
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 code | Common Shares of US$0.01 each BM04521V1038 | ||||
b. | Nature of the transaction | Issuance of common shares | ||||
c. | Price(s) and volume(s) |
| ||||
d. | Aggregated information · Aggregated volume · Price |
n/a single transaction | ||||
e. | Date of the transaction | 3 August 2022 | ||||
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 code | Common Shares of US$0.01 each BM04521V1038 | ||||
b. | Nature of the transaction | Issuance of common shares | ||||
c. | Price(s) and volume(s) |
| ||||
d. | Aggregated information · Aggregated volume · Price |
n/a single transaction | ||||
e. | Date of the transaction | 3 August 2022 | ||||
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 code | Common Shares of US$0.01 each BM04521V1038 | ||||
b. | Nature of the transaction | Issuance of common shares | ||||
c. | Price(s) and volume(s) |
| ||||
d. | Aggregated information · Aggregated volume · Price |
n/a single transaction | ||||
e. | Date of the transaction | 3 August 2022 | ||||
f. | Place of the transaction | London Stock Exchange | ||||