Total Voting Rights and Notification of Transactions of a Persons Discharging Managerial Responsibilities (PDMR)
Amaroq Ltd. has announced an increase in its total issued share capital to 454,971,459 common shares following the issuance of 864,806 shares under incentive plans. Additionally, Chief Executive Officer Eldur Olafsson exercised options to acquire 626,616 common shares at CAD$0.38 per share on December 1, 2025, as these options were set to expire on December 31, 2025. This updated share count is to be used by shareholders for notification threshold calculations.
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Total Voting Rights and Notification of Transactions of a Persons Discharging Managerial Responsibilities (PDMR)
TORONTO, ONTARIO – 02 December 2025 – Amaroq Ltd. (AIM, TSX-V, NASDAQ Iceland: AMRQ, OTCQX: AMRQF), an independent mine development corporation focused on unlocking Greenland’s mineral potential, announces that, following the issue of 864,806 additional common shares under the Company’s share-based incentive plans, as at 02 December 2025 the Company’s share capital consists of 454,971,459 common shares of no par value each, and each with voting rights.
Given the Company does not hold any common shares in Treasury, this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in interest in, the share capital of the Company.
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Eldur Olafsson |
| 2. | Reason for the Notification | |
| a) | Position/status | Chief Executive Officer |
| b) | Initial notification/Amendment | Initial notification |
| a) | Name | Amaroq Ltd. |
| b) | LEI | 213800Q21S5JQ6WKCE70 |
| a) | Description of the financial instrument, type of instrument | Common shares of no par value in Amaroq Ltd. |
| Identification code | ISIN: CA02311U1030 | |
| b) | Nature of the transaction | Exercise of options set to expire 31 December 2025 |
| c) | Price(s) and volume(s) | Price(s) Volume(s) CAD$0.38 626,616 |
| d) | Aggregated information: ·Aggregated volume ·Price | 626,616 CAD$0.38 |
| e) | Date of the transaction | 01/12/2025 |
| f) | Place of the transaction | XOFF |
Amaroq Ltd.
Ed Westropp, Head of BD and Corporate Affairs
Eddie Wyvill, Corporate Development
Panmure Liberum Limited (Nominated Adviser and Corporate Broker)
Scott Mathieson
Freddie Wooding
Canaccord Genuity Limited (Corporate Broker)
James Asensio
Harry Rees
Camarco (Financial PR)
Billy Clegg
Elfie Kent
Fergus Young
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.