17 December 2024
Asiamet Resources
Limited
("Asiamet" or the
"Company")
2023
Director's Fees and Employee Incentive
Payments
Asiamet Resources Limited ("ARS" or
the "Company") announces that, the Non-Executive Directors
("Directors"), and the Executive Chairman of the Company have opted
to receive the fees due to them under their respective employment
contracts for the period from 1 January 2022 to 31 December 2023,
in the form of new common shares of US$0.01 each in the Company
("Common Shares") in lieu
of cash (" Fee Shares"), using the pricing
mechanism as set out in their respective contracts as set out
below.
The issue price used for the
calculation is a 10-day 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 9 May 2024. The issue price has therefore been calculated at
1.35 pence per new Common Share (the "Issue Price").
The award of New Common Shares in
the Company to directors for director's fees for the 2023 year is
set out below:
Tony
Manini
2,330,296 new Common Shares
Dominic
Heaton 2,380,593 new
Common Shares
Bruce
Sheng
2,039,037 new Common Shares
Eva
Armila
2,089,259 new Common Shares
Peter
Chambers
452,519 new Common Shares
Matthew
Doube 564,222 new
Common Shares
In addition to the abovementioned
share issuance, the Company will award a further 9,345,662
performance rights in the form of new Common Shares in Asiamet, at
an issue price of 1.35p per Common Share ("Performance Rights
Shares") to certain employees, in lieu
of cash, for their contribution to the Company
during 2023 and as a long-term incentive. This includes 1,424,373
new Common Shares allocated to Tony Manini for his role as
Executive Chairman during the period, and 6,700,011 new Common Shares to
Darryn McClelland under his Short-Term Incentive arrangement and
1,221,278 to non-Board Asiamet employees.
A further 3,824,222 new Common
Shares in the Company will be issued to certain former
employees.
Following the issue of the above new
Common Shares, the shareholdings of the directors (including direct
and indirect holdings) and other PDMR will be as
follows:
|
Director
|
Holding of Common Shares
|
Percentage of Share Capital
Following
Admission
|
|
Tony Manini
|
68,353,807
|
2.30%
|
|
Dominic Heaton
|
15,254,923
|
0.51%
|
|
Bruce Sheng
|
147,252,670
|
4.95%
|
|
Eva Armila
|
6,007,302
|
0.20%
|
|
Peter Chambers
|
3,452,519
|
0.12%
|
|
Matthew Doube
|
616,607
|
0.02%
|
|
Other PDMR
|
|
|
|
Darryn McClelland
|
33,325,495
|
1.12%
|
Application and Total Voting Rights
Application has been made for the
23,025,810 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 December 2024. 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 2,953,442,174 to 2,976,467,984 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.
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. Peter Chambers
6. 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. Former Non-Executive Director
6. 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)
|
|
1.35
|
2,330,296
|
|
1.35
|
2,380,593
|
|
1.35
|
2,039,037
|
|
1.35
|
2,089,259
|
|
1.35
|
452,519
|
|
1.35
|
564,222
|
|
|
d)
|
Aggregated information
Aggregated volume Price
|
N/A (Single transaction)
|
|
e)
|
Date of the transaction
|
17 December 2024
|
|
f)
|
Place of the transaction
|
London Stock Exchange
|
|
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)
|
|
1.35
|
1,424,373
|
|
1.35
|
6,700,011
|
|
|
d)
|
Aggregated information
Aggregated volume Price
|
N/A (Single transaction)
|
|
e)
|
Date of the transaction
|
17 December 2024
|
|
f)
|
Place of the transaction
|
London Stock Exchange
|
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
Tony
Manini
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
Nominated & Financial Adviser
Strand Hanson Limited
James Spinney / James Dance / Rob
Patrick
Telephone: +44 20 7409
3494
Email: asiamet@strandhanson.co.uk
Broker
Optiva Securities Limited
Christian Dennis
Telephone: +44 20 3137
1903
Email: Christian.Dennis@optivasecurities.com
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.