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Director/PDMR Shareholding

17th Apr 2014 15:34

RNS Number : 1188F
Asia Resource Minerals PLC
17 April 2014
 



 

 

 

17 April 2014

For Immediate Release

 

Asia Resource Minerals plc ("ARMS" or the "Company")

 

Notification of Transactions by

Persons Discharging Managerial Responsibilities

 

 

Pursuant to the notification obligations under Disclosure and Transparency Rule 3.1.4, the Company granted the following awards to Nick von Schirnding, Chief Executive Officer of the Company, on 17 April 2014:

 

1. Incentive Plan

 

An award (the "LTIP Award") in accordance with the rules of Asia Resource Minerals Incentive Plan ("Plan") over 337,064 ordinary shares of 1p nominal value.

 

The number of Shares comprised in the LTIP Award has been calculated by reference to the average closing price of an ordinary share over the three dealing days prior to the date of grant and following the end of the close period.

 

The LTIP Award was made in the form of a nil-cost option, which normally becomes exercisable on the third anniversary of the grant date, subject to the satisfaction of performance targets described in the Company's Remuneration Report. The nil-cost option is then normally exercisable until the tenth anniversary of the grant date.

 

2. Deferred Share Bonus Plan ("DSBP")

 

An award (the "DSBP Award") in accordance with the rules of the DSBP over 126,399 ordinary shares of 1p nominal value, representing 50 per cent of Nick Von Schirnding's £489,375 bonus for the 2013 financial year.

 

The DSBP Award was made in the form of a nil-cost option, which becomes exercisable on the third anniversary of the grant date. The nil-cost option is then normally exercisable until the tenth anniversary of the grant date.

 

- ENDS-

 

For enquiries, please contact:

 

Asia Resource Minerals plc

 

Sean Wade

+44 (0) 20 7201 7511

RLM Finsbury

 

Ed Simpkins / Charles O'Brien

+44 (0) 20 7251 3801

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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