Asiamet Announces $93M Shareholder Payout Following KSK Sale
Asiamet Resources Ltd (ARS.L) saw its shares rise by 12% after finalizing the sale of its KSK project for $104.9 million to Norin Mining (Hong Kong) Limited. The company has approved a special dividend of approximately $0.0268 per share, funded from the proceeds of this transaction. The funds will be converted into sterling before being distributed on 29 September 2026 to shareholders registered as of 15 September. Asiamet's board is now evaluating future options for its remaining asset in Beutong, Aceh, Indonesia and plans to update stakeholders after consultations with local communities and government authorities. The sale was initially announced on 6 November last year under a cash-free, debt-free basis, though the final amount received reflects adjustments due to post-completion mechanisms.
Topics: asset_sale dividend shareholder_payout