- Henry Boot
- 12 November 2025 14:45:37
Source: Sharecast
Asiamet Resources said executive chairman Tony Manini transferred 5.6 million shares in the copper exploration company from his personal account to his wholly owned investment vehicle, AJM Investco, for personal planning purposes.
The transaction, completed on 5 November at 1.15p per share, left Manini’s total interest unchanged at 73.2 million shares, representing about 2.3% of Asiamet’s issued capital.
It followed a surge in Asiamet’s share price earlier this month after it agreed to sell its KSK copper project in Indonesia to Hong Kong’s Norin Mining for £81m.
The deal, which had shareholder support and was due to be voted on in January, was described by Manini as a “landmark transaction” delivering a strong return for investors.
Separately, Henry Boot said non-executive director Jonathan James Sykes sold 150,000 ordinary shares at 221p each on 10 November, for a total value of £331,500.
Following the sale, Sykes retained beneficial ownership of 20,000 ordinary shares and non-beneficial interests in a further 19.99 million shares held jointly through nominee arrangements and family trusts, as well as 6,843 £1 cumulative preference shares.
The Sheffield-based developer had been active in land disposals this quarter.
Last month, its Hallam Land business sold a site in Leicestershire to HarperCrewe for the construction of 160 homes, a transaction chief executive Tim Roberts said underscored continued strong demand for land from UK housebuilders and would make a “strong contribution” to 2025 results.
Reporting by Josh White for Sharecast.com.