Long Term Incentive Programme
Asiamet Resources Limited announced that the completion of a transaction constitutes an automatic vesting event for Tranche 1 Performance Rights under its Long Term Incentive Programme, resulting in the conversion of 79,849,067 rights into new Common Shares. This vesting will lead to the issuance of 20,474,120 new shares to Executive Chairman Tony Manini and 30,711,179 new shares to Chief Executive Officer Darryn McClelland. Application will be made for these 79,849,067 new Common Shares to be admitted to trading on AIM on or around 14 September 2026, at which point the Company's total issued share capital will be 3,473,665,429 Common Shares.
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Further to the Company's announcement of 6 October 2025, the Board notes that completion of the Transaction constitutes an automatic vesting event in respect of the Company's Tranche 1 Performance Rights under its Long Term Incentive Programme ("LTIP"), as a result of the change of control of KSK. Accordingly, 79,849,067 Tranche 1 Performance Rights will convert into 79,849,067 new Common Shares.
The vesting of Tranche 1 of the LTIP shall result in the following issue of new Common Shares to Directors and PDMRs:
| Director/PDMR | Position | Number of new Common Shares issued | Resulting number of Common Shares held |
|---|---|---|---|
| Tony Manini | Executive Chairman | 20,474,120 | 97,090,143 |
| Darryn McClelland* | Chief Executive Officer | 30,711,179 | 74,852,395 |
* - Pursuant to an agreement entered into between Peter Chambers and Darryn McClelland, Peter Chambers transferred to Darryn McClelland all rights and benefits in respect of his LTI interests.
Further information is included in the PDMR dealing notifications below.
Admission and total voting rights
Application will be made to the London Stock Exchange plc for the 79,849,067 new Common Shares to be admitted to trading on AIM, which is expected to occur at 8.00 a.m. on or around 14 September 2026 ("Admission").
On Admission, the Company's issued common share capital will comprise 3,473,665,429 Common Shares. 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 to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
ON BEHALF OF THE BOARD OF DIRECTORS
Tony Manini, Chairman
| a) | Name | Tony Manini |
| 2 | Reason for the notification | |
| a) | Position/status | Chair |
| b) | Initial notification /Amendment | Initial notification |
| a) | Name | Asiamet Resources Limited |
| b) | LEI | 213800PWJMT1NG28TA88 |
| a) | Description of the financial instrument, type of instrument | Common Shares of US$0.01 each |
| Identification code | BM04521V1038 | |
| b) | Nature of the transactions | Automatic conversion of performance rights into new Common Shares under the Company's LTIP |
| c) | Price(s) and volume(s) | |
| Price | US$0.01 | |
| Volume | 20,474,120 | |
| d) | Aggregated information | |
| - Aggregated volume | N/A, single transaction | |
| - Price | ||
| e) | Date of the transaction | 9 September 2026 |
| f) | Place of the transaction | Outside of a trading venue |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Darryn McClelland |
| 2 | Reason for the notification | |
| a) | Position/status | CEO (PDMR) |
| b) | Initial notification /Amendment | Initial notification |
| a) | Name | Asiamet Resources Limited |
| b) | LEI | 213800PWJMT1NG28TA88 |
| a) | Description of the financial instrument, type of instrument | Common Shares of US$0.01 each |
| Identification code | BM04521V1038 | |
| b) | Nature of the transactions | Automatic conversion of performance rights into new Common Shares under the Company's LTIP |
| c) | Price(s) and volume(s) | |
| Price | US$0.01 | |
| Volume | 30,711,179 | |
| d) | Aggregated information | |
| - Aggregated volume | N/A, single transaction | |
| - Price | ||
| e) | Date of the transaction | 9 September 2026 |
| f) | Place of the transaction | Outside of a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.