17th Apr 2014 15:34
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 |
Related Shares:
ARMS.L