Asiamet Resources : 2021 Directors Fees

Asiamet Resources Limited

Listed on AIM: ARS

25 July 2022

2021 Directors Fees

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.

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.

The award of shares in the Company to directors for director's fees for the 2021 year is set out below:

Tony Manini	1,353,413	Shares
Dominic Heaton	1,353,413	Shares
Faldi Ismail	1,353,413	Shares
Peter Pollard	1,353,413	Shares
Bruce Sheng	1,353,413	shares
Eva Armila	1,353,413	shares

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.

Following the issue of the above shares, the shareholdings of the directors (including direct and indirect holdings) will be as follows:

Director	Holding of Common	Percentage of Share
	Shares	Capital Following
		Admission
Tony Manini	51,833,996	2.65%
Dominic Heaton	10,309,700	0.53%
Faldi Ismail	18,112,391	0.93%

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Peter Pollard	5,368,770	0.27%
Bruce Sheng	123,149,003	6.29%
Eva Armila	1,353,413	0.07%

Application has been made for the 13,418,477 shares ("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 3 August 2022. 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 1,943,217,628 to 1,956,636,105 shares. 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

Tony Manini, Executive Chairman

For further information, please contact:

-Ends-

Tony Manini

Executive Chairman, Asiamet Resources Limited

Email:[e-mail]

Investor Enquiries

Sasha Sethi

Telephone: [phone]

Email:[e-mail] / [e-mail]

Asiamet Resources Nominated Adviser

RFC Ambrian Limited

Bhavesh Patel / Stephen Allen

Telephone: [phone]

Email:[e-mail]/[e-mail]

Optiva Securities Limited

Christian Dennis

Telephone: [phone]

Email:[e-mail]

Follow us on twitter @AsiametTweets

This announcement contains inside information as stipulated under the Market Abuse Regulations (EU) no. 596/2014 ("MAR").

PDMR Notification Forms

The notifications below are made in accordance with the requirements of MAR.

1. Details of the person discharging managerial responsibilities / person closely associated

a.

Name

Tony Manini

2. Reason for the notification

a.	Position/status	Director & Executive Chairman
b.	Initial notification/Amendment	Initial Notification

3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.	Name	Asiamet Resources Limited
b.	LEI	213800PWJMT1NG28TA88

4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a.	Description of the Financial instrument, type of	Common Shares of US$0.01 each
	instrument Identification code	BM04521V1038
b.	Nature of the transaction	Issuance of common shares
c.	Price(s) and volume(s)	Price(s)	Volume(s)
		2.08 p/share	2,677,499

1. Aggregated information

	•	Aggregated volume	n/a single transaction
	•	Price
e.	Date of the transaction	3 August 2022
f.	Place of the transaction	London Stock Exchange

1. Details of the person discharging managerial responsibilities / person closely associated

a.

Name

Dominic Heaton

2. Reason for the notification

a.	Position/status	Non-Executive Director
b.	Initial notification/Amendment	Initial Notification

3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.	Name	Asiamet Resources Limited
b.	LEI	213800PWJMT1NG28TA88

4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a.	Description of the Financial instrument, type of	Common Shares of US$0.01 each
	instrument Identification code	BM04521V1038

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b.	Nature of the transaction		Issuance of common shares
c.	Price(s) and volume(s)		Price(s)		Volume(s)
				2.08 p/share		1,353,413
d.	Aggregated information
	•	Aggregated volume		n/a single transaction
	•	Price
e.	Date of the transaction		3 August 2022
f.	Place of the transaction		London Stock Exchange
1.	Details of the person discharging managerial responsibilities / person closely associated
a.	Name			Faldi Ismail
2.	Reason for the notification
a.	Position/status		Non-Executive Director
b.	Initial notification/Amendment		Initial Notification
3.	Details of the issuer, emission allowance market	participant, auction platform, auctioneer
	or auction monitor
a.	Name			Asiamet Resources Limited
b.	LEI			213800PWJMT1NG28TA88
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
	each type of transaction; (iii) each date; and (iv) each place where transactions have been
	conducted
a.	Description of the Financial instrument, type of		Common Shares of US$0.01 each
	instrument Identification code		BM04521V1038
b.	Nature of the transaction		Issuance of common shares
c.	Price(s) and volume(s)		Price(s)		Volume(s)
				2.08 p/share		1,353,413
d.	Aggregated information
	•	Aggregated volume		n/a single transaction
	•	Price
e.	Date of the transaction		3 August 2022
f.	Place of the transaction		London Stock Exchange

1. Details of the person discharging managerial responsibilities / person closely associated

a.

Name

Peter Pollard

2. Reason for the notification

a.	Position/status	Non-Executive Director
b.	Initial notification/Amendment	Initial Notification

3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.	Name	Asiamet Resources Limited
b.	LEI	213800PWJMT1NG28TA88

4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a.	Description of the Financial instrument, type of	Common Shares of US$0.01 each
	instrument Identification code	BM04521V1038
b.	Nature of the transaction	Issuance of common shares
c.	Price(s) and volume(s)	Price(s)	Volume(s)
		2.08 p/share	1,353,413

1. Aggregated information

	•	Aggregated volume	n/a single transaction
	•	Price
e.	Date of the transaction	3 August 2022
f.	Place of the transaction	London Stock Exchange

1. Details of the person discharging managerial responsibilities / person closely associated

a.

Name

Bruce Sheng

2. Reason for the notification

a.	Position/status	Non-Executive Director
b.	Initial notification/Amendment	Initial Notification

3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.	Name	Asiamet Resources Limited
b.	LEI	213800PWJMT1NG28TA88

4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a.	Description of the Financial instrument, type of		Common Shares of US$0.01 each
	instrument Identification code		BM04521V1038
b.	Nature of the transaction		Issuance of common shares
c.	Price(s) and volume(s)		Price(s)	Volume(s)
			2.08 p/share	1,353,413

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