Asiamet Resources Limited Issue of Director Performance Rights (0881E)
July 01 2019 - 11:00AM
UK Regulatory
TIDMARS
RNS Number : 0881E
Asiamet Resources Limited
01 July 2019
1 July 2019
Issue of Director Performance Rights
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 directors fees. The Chairman and Directors have
elected to receive these fees in performance rights in the form of
shares for the period 1 January 2018 to 31 December 2018.
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, 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 4.15p.
The award of performance rights for the 2018/19 year is set out
below:
Dominic Heaton - 341,446 shares
Faldi Ismail - 663,349 shares
Peter Pollard - 663,349 shares
Tony Manini - 663,349 shares
Following the issuance of the above 2,331,493 shares ("New
Common Shares"), the shareholdings of those directors will be as
follows:
Director Holding of Common Percentage of Enlarged
Shares Share Capital
Dominic Heaton 1,659,093 0.16%
------------------ -----------------------
Faldi Ismail 6,642,744 0.64%
------------------ -----------------------
Peter Pollard 1,371,850 0.13%
------------------ -----------------------
Tony Manini 33,692,183 3.22%
------------------ -----------------------
Application will be made for the 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 5 July 2019. 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
1,043,629,249 to 1,045,960,742. 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
Peter Bird, Deputy Chairman and CEO
For further information, please contact:
-Ends-
Peter Bird
CEO, Asiamet Resources Limited
Telephone: +61 3 8644 1300
Email: peter.bird@asiametresources.com
Tony Manini
Executive Chairman, Asiamet Resources Limited
Telephone: +61 3 8644 1300
Email: tony.manini@asiametresources.com
FlowComms Limited
Sasha Sethi
Telephone: +44 (0) 7891 677 441
Email: Sasha@flowcomms.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
Berenberg
Matthew Armitt, Detlir Elezi
Telephone: +44 20 3753 3142
Email: Matthew.Armitt@berenberg.com /
Detlir.Elezi@berenberg.com
Liberum
Clayton Bush, Kane Collings
Telephone: +44 7773 322679
Email: Clayton.Bush@Liberum.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCUAOSRKVABRAR
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