{"id":408426,"date":"2026-04-10T16:41:00","date_gmt":"2026-04-10T16:41:00","guid":{"rendered":"https:\/\/dailybanglanewspapers.com\/news\/vesting-and-new-awards-under-the-restricted-share-unit-rsu-plan\/"},"modified":"2026-04-10T16:41:00","modified_gmt":"2026-04-10T16:41:00","slug":"vesting-and-new-awards-under-the-restricted-share-unit-rsu-plan","status":"publish","type":"post","link":"https:\/\/dailybanglanewspapers.com\/news\/vesting-and-new-awards-under-the-restricted-share-unit-rsu-plan\/","title":{"rendered":"Vesting and New Awards under the Restricted Share Unit (\u201cRSU\u201d) Plan"},"content":{"rendered":"

<\/p>\n

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Reykjav\u00edk, April 10, 2026 (GLOBE NEWSWIRE) — (“Amaroq<\/b>” or the “Company<\/b>“)<\/p>\n

Vesting and New Awards under the Restricted Share Unit (\u201cRSU\u201d) Plan<\/b><\/p>\n

TORONTO, ONTARIO \u2013 10 April 2026<\/b> \u2013 Amaroq Ltd. (AIM, NASDAQ Iceland: AMRQ, OTCQX: AMRQF), an independent mine development corporation focused on unlocking Greenland\u2019s mineral potential, announces that on 10 April 2026, in accordance with the RSU Plan, it granted a total of 2,254,467 RSUs to certain directors and employees of the Company (the \u201cAwards\u201d).<\/p>\n

The Awards consist of a right to receive common shares in the Company if the time and performance targets, applicable to the Awards, are met. Each RSU is granted under, and governed in accordance with, the rules of the Company’s Restricted Share Unit Plan (the \u201cRSU Plan\u201d).<\/p>\n

Performance period is from 1 January 2026 to 31 December 2028. The Measurement Date is 31 December 2028. The award to the Chief Executive Officer is subject to a two year post-vesting holding period.<\/p>\n

Details of awards to persons discharging managerial responsibilities are disclosed below.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
1.<\/td>\nDetails of the person discharging managerial responsibilities\/person closely associated<\/td>\n<\/tr>\n
a)<\/td>\nName:<\/td>\n\u00a0\u00a01)\u00a0\u00a0\u00a0Eldur Olafsson\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0
\u00a0\u00a02)\u00a0\u00a0\u00a0Ellert Arnarson
\u00a0\u00a03)\u00a0\u00a0\u00a0Joan Plant
\u00a0\u00a04)\u00a0\u00a0\u00a0Edward Westropp<\/td>\n<\/tr>\n
2.<\/td>\nReason for the notification<\/td>\n<\/tr>\n
a)<\/td>\nPosition\/status:<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01)\u00a0\u00a0\u00a0CEO
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02)\u00a0\u00a0\u00a0CFO
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a03)\u00a0\u00a0\u00a0Interim COO
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a04)\u00a0\u00a0\u00a0Chief Corporate Development & Strategy Officer<\/td>\n<\/tr>\n
b)<\/td>\nInitial notification\/Amendment<\/td>\nInitial notification<\/td>\n<\/tr>\n
3.<\/td>\nDetails of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor<\/td>\n<\/tr>\n
a)<\/td>\nName<\/td>\nAmaroq Ltd.<\/td>\n<\/tr>\n
b)<\/td>\nLEI:<\/td>\n213800Q21S5JQ6WKCE70<\/td>\n<\/tr>\n
4.<\/td>\nDetails 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<\/td>\n<\/tr>\n
a)<\/td>\nDescription of the financial instrument, type of instrument:<\/p>\n

Identification code:<\/p>\n<\/td>\n

Restricted Share Units<\/td>\n<\/tr>\n
b)<\/td>\nNature of the transaction:<\/td>\nAward in accordance with the RSU Plan.<\/td>\n<\/tr>\n
c)<\/td>\nPrice(s) and volume(s):<\/td>\nPrice \u2013 n\/a.
Volume(s):
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01)\u00a0\u00a0\u00a01,039,199
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02)\u00a0\u00a0\u00a0350,730
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a03)\u00a0\u00a0\u00a0328,127
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a04)\u00a0\u00a0\u00a0320,128<\/td>\n<\/tr>\n
d)<\/td>\nAggregated information: <\/p>\n
    \n
  • Aggregated volume:<\/li>\n
  • Average price:<\/li>\n<\/ul>\n<\/td>\n
\n

2,038,184
N\/A<\/p>\n<\/td>\n<\/tr>\n

e)<\/td>\nDate of the transaction(s):<\/td>\nApril 10, 2026<\/td>\n<\/tr>\n
f)<\/td>\nPlace of the transaction<\/td>\nXOFF<\/td>\n<\/tr>\n<\/table>\n

Vesting of the RSUs<\/b><\/p>\n

Following the release made on 31 March 2025 regarding the grant of an award to Edward Westropp (Chief Corporate Development & Strategy Officer) under the Company\u2019s RSU Plan, a total of 20,927 RSUs have vested. Following the sale of a portion of the shares to cover applicable tax obligations arising on vesting, Edward Westropp\u2019s holding amounts to 13,114 shares.<\/p>\n

DEALING NOTIFICATION PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY<\/b><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
1.<\/td>\nDetails of the person discharging managerial responsibilities\/person closely associated<\/td>\n<\/tr>\n
a)<\/td>\nName:<\/td>\nEdward Westropp<\/td>\n<\/tr>\n
2.<\/td>\nReason for the notification<\/td>\n<\/tr>\n
a)<\/td>\nPosition\/status:<\/td>\nChief Corporate Development & Strategy Officer<\/td>\n<\/tr>\n
b)<\/td>\nInitial notification\/Amendment<\/td>\nInitial notification<\/td>\n<\/tr>\n
3.<\/td>\nDetails of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor<\/td>\n<\/tr>\n
a)<\/td>\nName<\/td>\nAmaroq Ltd.<\/td>\n<\/tr>\n
b)<\/td>\nLEI:<\/td>\n213800Q21S5JQ6WKCE70<\/td>\n<\/tr>\n
4.<\/td>\nDetails 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<\/td>\n<\/tr>\n
a)<\/td>\nDescription of the financial instrument, type of instrument:
Identification code:<\/td>\n		Common shares of no par value in Amaroq Ltd.
ISIN: CA02311U1030<\/td>\n<\/tr>\n
b)<\/td>\nNature of the transaction:<\/td>\n1) Vesting in accordance with the RSU Plan<\/p>\n

2) Sale of common shares of no par value in Amaroq Ltd. to cover taxes in earlier vesting of RSUs<\/p>\n<\/td>\n<\/tr>\n

c)<\/td>\nPrice(s) and volume(s):<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Price(s)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Volume(s)
1) CAD 0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0 20,927\u00a0\u00a0\u00a0\u00a0\u00a0
2) GBP 0.97\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 9,907<\/td>\n<\/tr>\n
\u00a0\u00a0 d)<\/td>\nAggregated information:
Aggregated volume
Average price<\/td>\n		\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01)\u00a0\u00a0\u00a020,927, CAD 0
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02)\u00a0\u00a0\u00a09,907, GBP 0.97<\/p>\n<\/td>\n<\/tr>\n

e)<\/td>\nDate of the transaction(s):<\/td>\nApril 08, 2026<\/td>\n<\/tr>\n
f)<\/td>\nPlace of the transaction<\/td>\nXOFF, AIM<\/td>\n<\/tr>\n<\/table>\n

Total Voting Rights<\/b><\/p>\n

Application will be made for admission of the RSU Shares to trading on AIM. It is expected that admission will become effective and that dealings in the RSU Shares will commence on AIM at 8:00 a.m. on 14 April 2026.<\/p>\n

Following admission of the RSU Shares, the Company\u2019s total issued share capital will consist of 465,462,030<\/b> common shares of no par value each, and each with voting rights. Given the Company does not hold any common shares in Treasury, this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in interest in, the share capital of the Company.<\/p>\n

Enquiries:<\/b>
Amaroq Ltd. C\/O <\/b>
Ed Westropp, Chief Corporate Development and Strategy Officer
+44 (0)7385 755711
ewe@amaroqminerals.com<\/p>\n

Panmure Liberum Limited (Nominated Adviser and Corporate Broker)<\/b>
Scott Mathieson
Freddie Wooding
+44 (0) 20 7886 2500<\/p>\n

Canaccord Genuity Limited (Corporate Broker)<\/b>
James Asensio
Harry Rees
+44 (0) 20 7523 8000<\/p>\n

Citigroup Global Markets Limited (Corporate Broker)<\/b>
Andrew Miller-Jones
David Herring
+44 (0) 20 7986 4000<\/p>\n

Camarco (Financial PR)<\/b>
Billy Clegg
Elfie Kent
Fergus Young\u00a0
+44 (0) 20 3757 4980<\/p>\n

Further Information:<\/b>\u00a0<\/p>\n

Amaroq\u2019s principal business objectives are the identification, acquisition, exploration, and development of gold and strategic metal properties in South Greenland. The Company\u2019s principal asset is a 100% interest in the Nalunaq Gold mine. The Company has a portfolio of gold and strategic metal assets in Southern Greenland covering the two known gold belts in the region as well as advanced exploration projects at Stendalen and the Sava Copper Belt exploring for Strategic metals such as Copper, Nickel, Rare Earths and other minerals. Amaroq is continued under the Business Corporations Act (Ontario) and wholly owns Nalunaq A\/S, incorporated under the Greenland Companies Act.
Inside Information<\/b><\/p>\n

This announcement does not contain inside information.<\/p>\n

\"\"\n <\/div>\n","protected":false},"excerpt":{"rendered":"

Reykjav\u00edk, April 10, 2026 (GLOBE NEWSWIRE) — (“Amaroq” or the “Company“) Vesting and New Awards under the Restricted Share Unit (\u201cRSU\u201d) Plan TORONTO, ONTARIO \u2013 10 April 2026 \u2013 Amaroq Ltd. (AIM, NASDAQ Iceland: AMRQ, OTCQX: AMRQF), an independent mine development corporation focused on unlocking Greenland\u2019s mineral potential, announces that on 10 April 2026, in […]<\/p>\n","protected":false},"author":3,"featured_media":408427,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/ml-eu.globenewswire.com\/Resource\/Download\/339067de-ff2d-48df-b28a-e34eb4ae308c","fifu_image_alt":"","footnotes":""},"categories":[57166],"tags":[],"class_list":["post-408426","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-globenewswire"],"acf":[],"_links":{"self":[{"href":"https:\/\/dailybanglanewspapers.com\/news\/wp-json\/wp\/v2\/posts\/408426","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailybanglanewspapers.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailybanglanewspapers.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailybanglanewspapers.com\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/dailybanglanewspapers.com\/news\/wp-json\/wp\/v2\/comments?post=408426"}],"version-history":[{"count":0,"href":"https:\/\/dailybanglanewspapers.com\/news\/wp-json\/wp\/v2\/posts\/408426\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailybanglanewspapers.com\/news\/wp-json\/wp\/v2\/media\/408427"}],"wp:attachment":[{"href":"https:\/\/dailybanglanewspapers.com\/news\/wp-json\/wp\/v2\/media?parent=408426"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailybanglanewspapers.com\/news\/wp-json\/wp\/v2\/categories?post=408426"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailybanglanewspapers.com\/news\/wp-json\/wp\/v2\/tags?post=408426"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}