Total Voting Rights and Notification of Transactions of Persons Discharging Managerial Responsibilities (PDMR)

Rhea-AI Summary

Amaroq Ltd (OTCQX: AMRQF) updated its total voting rights after issuing 107,078 additional common shares under share-based incentive plans, bringing the total to 455,039,212 common shares as at 04 December 2025.

Separately, two persons discharging managerial responsibilities reported option exercises: Graham Stewart exercised 77,777 shares at CAD$0.38 on 02/12/2025, and Joan Plant exercised 29,301 shares at CAD$0.38 on 04/12/2025.

News Market Reaction – AMRQF

+0.85%

+0.85% Session close to close

In the Dec 4 session, AMRQF gained 0.85%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement formalised updated total voting rights following the issue of 107,078 shares under...

Analysis

This announcement formalised updated total voting rights following the issue of 107,078 shares under incentive plans, taking the share capital to 455,039,212 voting shares. It also disclosed PDMR option exercises by senior executives at CAD$0.38 per share. In context of recent financing and drilling updates, investors may monitor further equity-based compensation, insider dealing notifications, and how these interact with future operational milestones.

Key Figures

New shares issued: 107,078 shares Total share capital: 455,039,212 shares Option exercise price: CAD$0.38 +3 more

6 metrics

New shares issued 107,078 shares Issued under share-based incentive plans

Total share capital 455,039,212 shares Common shares with voting rights as of 04 Dec 2025

Option exercise price CAD$0.38 Graham Stewart option exercise price

Graham Stewart volume 77,777 shares Options exercised on 02/12/2025

Option exercise price CAD$0.38 Joan Plant option exercise price

Joan Plant volume 29,301 shares Options exercised on 04.12.2025

Historical Context

5 past events · Latest: Dec 04 (Neutral)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Dec 04	Voting rights & PDMR	Neutral	+0.8%	Updated total voting rights and disclosure of PDMR option exercises.
Dec 04	Drilling results	Positive	+0.8%	High‑grade Nalunaq drilling results and resource update plans.
Dec 02	Voting rights & PDMR	Neutral	-0.8%	Share-based incentive issuance and CEO option exercise disclosure.
Nov 24	Major holding TR-1	Positive	+0.5%	Kvika banki hf. increased its percentage of total voting rights.
Nov 19	Debt facility amendment	Positive	-0.3%	Extended maturity and improved margins on revolving credit facility.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent company updates, including operational, financing, holdings and voting-rights news, have been followed by relatively modest single-day price moves, with only one clear divergence from fundamentally positive developments.

Recent Company History

Over the last few weeks, Amaroq issued several corporate updates. On Nov 19, it improved a US$35.245 million debt facility, followed by a TR‑1 major holdings increase to 3.14% on Nov 24. Early December brought multiple voting-rights and PDMR option-exercise notices, alongside a drilling update at Nalunaq highlighting high-grade intercepts and resource figures. These events collectively show active financing management, shareholder base changes, and ongoing asset derisking, with generally modest share-price reactions.

Key Terms

persons discharging managerial responsibilities, pdmr, lei, isin, +1 more

5 terms

persons discharging managerial responsibilities regulatory

"Notification of Transactions of Persons Discharging Managerial Responsibilities (PDMR)"

Persons Discharging Managerial Responsibilities are the key people in a company who make big decisions, like top managers or executives. Knowing who they are is important because their actions can influence the company’s success or failure, and they are often required to share information about their dealings to ensure transparency for investors and the public.

pdmr regulatory

"Total Voting Rights and Notification of Transactions of Persons Discharging Managerial Responsibilities (PDMR)"

A PDMR (person discharging managerial responsibilities) is an individual who can shape a company’s strategy or finances—typically senior executives, board members, or close advisors with decision-making authority. Investors care because PDMRs often hold material, non‑public information and their buying or selling of shares must be reported; monitoring those disclosures is like watching a ship’s captain to read the likely course and spot possible insider risk.

lei financial

"b) | LEI | 213800Q21S5JQ6WKCE70"

A Legal Entity Identifier (LEI) is a unique 20-character code assigned to a company or organization that participates in financial markets, like a corporate passport number. It helps investors and regulators unambiguously identify counterparties across databases and transactions, reducing confusion much like using a vehicle identification number to track a car’s history; clearer identification improves transparency, risk monitoring, and regulatory reporting.

View in glossary

isin financial

"Identification code | ISIN: CA02311U1030"

A 12-character International Securities Identification Number (ISIN) is a unique code that acts like a passport for a specific stock, bond or other tradable security so it can be identified worldwide. Investors and systems use it to ensure they are buying, selling and tracking the exact same instrument across exchanges and data feeds, which prevents costly mix-ups and makes portfolio reporting, settlement and regulatory checks simpler and more reliable.

View in glossary

options financial

"Nature of the transaction | Exercise of options set to expire 31 December 2025"

Options are contracts that give investors the right to buy or sell an asset at a specific price within a certain time frame. They function like a reservation or a ticket that allows for potential profit or protection against price changes, making them useful tools for managing investment risks or speculating on market movements.

View in glossary

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Reykjavík, Dec. 04, 2025 (GLOBE NEWSWIRE) -- Amaroq Ltd.
(“Amaroq” or the “Company”)

Total Voting Rights and Notification of Transactions of Persons Discharging Managerial Responsibilities (PDMR)

TORONTO, ONTARIO – 04 December 2025 – Amaroq Ltd. (AIM, TSX-V, NASDAQ Iceland: AMRQ, OTCQX: AMRQF), an independent mine development corporation focused on unlocking Greenland’s mineral potential, announces that, following the issue of 107,078 additional common shares under the Company’s share-based incentive plans, as at 04 December 2025 the Company’s share capital consists of 455,039,212 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.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Graham Stewart
2.	Reason for the Notification
a)	Position/status	Non-Executive Chairman
b)	Initial notification/Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Amaroq Ltd.
b)	LEI	213800Q21S5JQ6WKCE70
4.	Details 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
a)	Description of the financial instrument, type of instrument	Common shares of no par value in Amaroq Ltd.
	Identification code	ISIN: CA02311U1030
b)	Nature of the transaction	Exercise of options set to expire 31 December 2025
c)	Price(s) and volume(s)	Price(s) Volume(s) CAD$0.38 77,777
d)	Aggregated information:     ·Aggregated volume     ·Price	77,777     CAD$0.38
e)	Date of the transaction	02/12/2025
f)	Place of the transaction	XOFF

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Joan Plant
2.	Reason for the notification
a)	Position/status:	Executive Vice President, Interim COO
b)	Initial notification/Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Amaroq Ltd.
b)	LEI:	213800Q21S5JQ6WKCE70
4.	Details 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
a)	Description of the financial instrument, type of instrument: Identification code:	Common shares of no par value in Amaroq Ltd. ISIN: CA02311U1030
b)	Nature of the transaction:	Exercise of options set to expire 31 December 2025
c)	Price(s) and volume(s):	Price(s) Volume(s) CAD$0.38                                 29,301
d)	Aggregated information: Aggregated volume: Average price:	29,301     CAD$0.38
e)	Date of the transaction(s):	04.12.2025
f)	Place of the transaction	XOFF

Enquiries:

Amaroq Ltd.
Ed Westropp, Head of BD and Corporate Affairs
+44 (0)7385 755711
ewe@amaroqminerals.com

Eddie Wyvill, Corporate Development
+44 (0)7713 126727
ew@amaroqminerals.com

Panmure Liberum Limited (Nominated Adviser and Corporate Broker)
Scott Mathieson
Freddie Wooding
+44 (0) 20 7886 2500

Canaccord Genuity Limited (Corporate Broker)
James Asensio
Harry Rees
+44 (0) 20 7523 8000

Camarco (Financial PR)
Billy Clegg
Elfie Kent
Fergus Young
+44 (0) 20 3757 4980

Further Information:
About Amaroq

Amaroq’s principal business objectives are the identification, acquisition, exploration, and development of gold and strategic metal properties in South Greenland. The Company’s 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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Inside Information

This announcement does not contain inside information.

FAQ

What is Amaroq Ltd's total number of common shares and voting rights as of 04 December 2025 (AMRQF)?

As of 04 December 2025 Amaroq's share capital consists of 455,039,212 common shares, each carrying voting rights.

How many shares were issued under Amaroq's share-based incentive plans on 04 December 2025?

The company issued 107,078 additional common shares under its share-based incentive plans.

What option exercises did Amaroq PDMRs report and when (AMRQF)?

Graham Stewart exercised 77,777 options at CAD$0.38 on 02/12/2025; Joan Plant exercised 29,301 options at CAD$0.38 on 04/12/2025.

What price were the Amaroq option exercises executed at (AMRQF)?

Both reported option exercises were executed at an exercise price of CAD$0.38 per share.

Do Amaroq shares held in treasury affect the voting rights denominator (AMRQF)?

The company reported it does not hold any common shares in treasury, so the 455,039,212 figure is the denominator for shareholder notification calculations.

What identification code and ISIN are associated with Amaroq common shares in the notification (AMRQF)?

The notification lists the company's LEI 213800Q21S5JQ6WKCE70 and the common share ISIN CA02311U1030.