Understanding Amaroq Minerals' Restricted Share Unit Plan

Awards Under the Restricted Share Unit Plan

Amaroq Minerals Ltd., an independent mining entity recognized for its significant holdings in gold and strategic mineral assets, has made noteworthy developments regarding its Restricted Share Unit (RSU) Plan. Recent awards under this plan reflect the company's ongoing commitment to incentivize its directors and employees while fostering growth and performance.

Overview of the RSU Plan

The RSU plan, initially introduced in alignment with Amaroq's admission to AIM, has transitioned over time with the involvement of esteemed consultancy PwC. This strategic plan was first approved by shareholders at the Annual General Meeting (AGM) and has seen amendments over subsequent years to reflect the evolving goals and performance criteria of the company.

Key Dates and Measurements

Amaroq Minerals has delineated a performance period that spans from January 1, 2022, to December 31, 2025. During this timeframe, critical measurement dates will occur at the end of each calendar year, allowing the company to assess its progress and allocate awards accordingly.

Details of the Recent Awards

In accordance with the RSU plan dated June 14, 2024, awards have been granted to key personnel, including directors and executives, as a recognition of their contributions towards the company's success. A total of 10% of the growth in value above the hurdle rate will be pooled for this purpose.

Structure of the Award

The awards are structured with precise parameters:

• Award Date: February 12, 2025
• Initial Price: CAD 0.552
• Hurdle Rate: The targeted performance rate is set at 10% per annum above the initial price.
• Total Pool: This will encompass 10% of the growth in value above the hurdle rate, ensuring sustainable alignment with shareholder interests.

Participant Distribution

Noteworthy participants in this plan include:

• Eldur Olafsson, CEO: 40%, equating to 2,048,268 shares
• Joan Plant, Executive VP: 10%, equating to 512,067 shares
• James Gilbertson, VP Exploration: 10%, equating to 512,067 shares
• Edward Wyvill, Corporate Development: 10%, equating to 512,067 shares

Vesting Period

The awards are set to vest in two phases: at the first measurement date on December 31, 2024, 50% of the shares will be vested, with the remaining shares vesting on the second anniversary of the grant.

Company Objectives

Amaroq Minerals aims to explore and develop its robust portfolio of properties, including notable assets like the Nalunaq Gold mine. The company is focused on expanding its exploration in Southern Greenland, particularly in gold and strategic metals, contributing to its growth trajectory and shareholder value.

Key Contacts for Further Information

For inquiries, reach out to Amaroq Minerals Ltd.:
Eldur Olafsson, CEO
Email: eo@amaroqminerals.com
Phone number for Eddie Wyvill, Corporate Development: +44 (0)7713 126727
Email: ew@amaroqminerals.com

Frequently Asked Questions

1. What is the purpose of the RSU Plan?

The RSU Plan aims to incentivize directors and employees, aligning their interests with that of shareholders through equity-based awards.

2. How does the vesting schedule work?

Awards will vest in two phases, with the first 50% becoming available on the first measurement date, and the remaining 50% vested by the second anniversary.

3. What types of assets does Amaroq Minerals focus on?

The company primarily focuses on gold and strategic metals, aiming to develop significant resources in Southern Greenland.

4. Who can participate in the RSU Plan?

Participants include directors and employees of Amaroq Minerals who play a critical role in the company's operations and growth.

5. Where can I get more information about Amaroq Minerals?

More information can be found by following Amaroq Minerals on their social media platforms or visiting their official website.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

Aside from my job, I like to cook, travel, and experience other cultures. I work hard to apply my belief in the value of a balanced life to my financial counsel. My goal in working is to encourage and enable people to succeed financially so they may lead the best lives possible.

Contact Evelyn Baker privately here. Or send an email with ATTN: Evelyn Baker as the subject to contact@investorshangout.com.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.