Business
2021 Directors Fees
2021 Directors Fees.
About this update from Asiamet Resources Limited
[{"type":"text","content":"\n \n \n 25 July 2022\n \n \n \n \n \n \n \n 2021 Directors Fees\n \n \n \n \n \n \n \n \n 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.\n \n \n 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.\n \n \n The award of shares in the Company to directors for director's fees for the 2021 year is set out below:\n \n \n \n \n \n \n Tony Manini\n \n \n \n \n 1,353,413\n \n \n \n \n Shares\n \n \n \n \n \n \n Dominic Heaton\n \n \n \n \n 1,353,413\n \n \n \n \n Shares\n \n \n \n \n \n \n Faldi Ismail\n \n \n \n \n 1,353,413\n \n \n \n \n Shares\n \n \n \n \n \n \n Peter Pollard\n \n \n \n \n 1,353,413\n \n \n \n \n Shares\n \n \n \n \n \n \n Bruce Sheng\n \n \n \n \n 1,353,413\n \n \n \n \n shares \n \n \n \n \n \n \n Eva Armila\n \n \n \n \n 1,353,413\n \n \n \n \n shares\n \n \n \n \n \n \n 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.\n \n \n Following the issue of the above shares, the shareholdings of the directors (including direct and indirect holdings) will be as follows:\n \n \n \n \n \n \n \n \n \n \n Director\n \n \n \n \n \n \n Holding of Common Shares\n \n \n \n \n \n \n Percentage of Share Capital Following Admission\n \n \n \n \n \n \n \n Tony Manini\n \n \n \n \n 51,833,996\n \n \n \n \n 2.65%\n \n \n \n \n \n \n Dominic Heaton\n \n \n \n \n 10,309,700\n \n \n \...