Asiamet Resources Ltd. (ARS) Asiamet Resources Ltd.: Grant of Options
09-Oct-2017 / 12:25 GMT/BST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
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For Immediate Release London AIM
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9 October 2017Â Symbol: ARS
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Asiamet Resources Grant of Options
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Asiamet Resources Limited ("ARS" or the "Company") announces that pursuant to the Company's shareholder approved Stock Option Plan, the Company's Board of Directors granted 1,300,000 Incentive Stock Options ("Options") to non-executive Directors, 10,150,000 Options to employees and 2,250,000 Options to key consultants, for a total of 13,700,000 Options. The Options are exercisable into common shares of ARS until 5 October 2022, at an exercise price of £0.07 per share, which represents a significant premium of 35.1% to the closing market price on 6 October 2017. Directors will not receive fees for the 2017 Calendar year.
The share holdings and warrant holdings of the Directors in the Company remain unchanged, while the number of Options granted to the Directors subject to these arrangements and their resultant Options holding in the Company are as follows:
Director
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Number Options granted 5 October 2017
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Total Options previously granted
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Total Options granted pursuant to Plan
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Peter Pollard
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500,000
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1,500,0001
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2,000,000
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Tony Manini
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3,000,000
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6,750,0002
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9,750,000
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Peter Bird
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2,250,000
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8,000,0003
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10,250,000
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Faldi Ismail
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400,000
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1,600,0004
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2,000,000
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Raynard von Hahn
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400,000
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1,000,0005
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1,400,000
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Stephen Hughes
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3,000,000
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5,500,0006
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8,500,000
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9,550,000
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24,350,000
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33,900,000
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- 300,000 options with an exercise price of C$0.10 and expiring July 1, 2018, 300,000 options with an exercise price of C$0.05 and expiring October 6, 2019, 400,000 options with an exercise price of C$0.05 and expiring August 6, 2020, and 500,000 options with an exercise price of C$0.065 and expiring November 1, 2021
- 3,000,000 options with an exercise price of C$0.05 and expiring August 6, 2020 and 3,750,000 options with an exercise price of C$0.065 and expiring November 1, 2021
- 2,000,000 options vesting February 20, 2018 at an exercise price of 6p per share and expiring, 2,000,000 options vesting February 20, 2018 at an exercise price of 8p per share and expiring, 2,000,000 options vesting February 20, 2019 at an exercise price of 10p per share and expiring, and 2,000,000 options vesting February 20, 2019 at an exercise price of 12p per share and expiring February 20, 2022
- 500,000 options with an exercise price of C$0.10 and expiring July 1, 2018, 400,000 options with an exercise price of C$0.05 and expiring October 6, 2019, 300,000 options with an exercise price of C$0.05 and expiring August 6, 2020, and 400,000 options with an exercise price of C$0.065 and expiring November 1, 2021
- 300,000 options with an exercise price of C$0.05 and expiring October 6, 2019, 300,000 options with an exercise price of C$0.05 and expiring August 6, 2020, and 400,000 options with an exercise price of C$0.065 and expiring November 1, 2021
- 1,000,000 options with an exercise price of C$0.05 and expiring October 6, 2019, 2,000,000 options with an exercise price of C$0.05 and expiring August 6, 2020, and 2,500,000 options with an exercise price of C$0.065 and expiring November 1, 2021
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ARS now has the following shares, options and warrants on issue:
- 854,889,186 fully paid ordinary sharesÂ
- 1,874,364 C$0.05 warrants expiring 5 November 2017
- 2,147,581 C$0.06 warrants expiring 26 April 2018Â
- 4,282,200 C$0.10 options expiring 1 July 2018Â
- 3,475,652 C$0.05 warrants expiring December 23, 2018
- 3,533,747 C$0.10 warrants expiring 13 April 2019
- 3,050,000 C$0.05 options expiring 6 October 2019Â
- 9,250,000 C$0.05 options expiring 31 August 2020Â
- 10,500,000 C$0.065 options expiring 1 November 2021
- 2,000,000 £0.06 options expiring 20 February 2022Â
- 2,000,000 £0.08 options expiring 20 February 2022Â
- 2,000,000 £0.10 options expiring 20 February 2022Â
- 2,000,000 £0.12 options expiring 20 February 2022Â
- 13,700,000 £0.07 options expiring 5 October 2022Â
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ON BEHALF OF THE BOARD OF DIRECTORS
Peter Bird, Deputy Chairman and CEO
-Ends-
For further information, please contact:
Peter Bird Deputy Chairman and CEO, Asiamet Resources Limited Telephone: +61 3 8644 1300 Email: peter.bird@asiametresources.com
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Tony Manini Executive Chairman, Asiamet Resources Limited Telephone: +61 3 8644 1300 Email: tony.manini@asiametresources.com
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FlowComms Limited
Sasha Sethi
Telephone: +44 (0) 7891 677 441
Email: Sasha@flowcomms.com Â
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
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Optiva Securities Limited Christian Dennis
Telephone: +44 20 3137 1903
Email: Christian.Dennis@optivasecurities.com
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