CAML Central Asia Metals Plc

TIDMCAML

RNS Number : 8164T

Central Asia Metals PLC

09 October 2014

09 October 2014

CENTRAL ASIA METALS PLC

(the "Company")

Grant of Options

The Company (AIM:CAML) announces that, on 8 October 2014, the following nominal cost options ("Options") over ordinary shares in the Company at a nominal exercise price of $0.01 per share, were granted to executive Directors of the Company. Each Option is exercisable in return for one ordinary share.

 
 Name                Position                   Options Granted   Total Options 
                                                                     Post Grant 
------------------  -------------------------  ----------------  -------------- 
 Nick Clarke         Chief Executive Officer            160,000         846,689 
------------------  -------------------------  ----------------  -------------- 
 Nigel Robinson      Chief Financial Officer            100,000         367,626 
------------------  -------------------------  ----------------  -------------- 
 Howard Nicholson    Technical Director                 100,000         602,878 
------------------  -------------------------  ----------------  -------------- 
 

The Options to the executive Directors have been granted under the Central Asia Metals Employee Share Plan 2011. These Options will generally vest, subject to the achievement of certain performance conditions, at the rate of one-third per annum commencing on 31 March 2015. The Options have a maximum term of 10 years from the date of grant, subject to any earlier lapsing under these rules.

For further information:

 
                                          Tel: +44 (0) 207 603 1515 
 
Central Asia Metals plc 
 Tony Hunter 
 Company Secretary 
Peel Hunt LLP (Nominated Adviser & Joint 
 Broker)                                  Tel: +44 (0) 20 7418 8900 
Matthew Armitt 
 Ross Allister 
 
Mirabaud Securities LLP (Joint Broker)    Tel: +44 (0) 20 7878 3362 
Peter Krens 
 
Bell Pottinger                            Tel: +44 (0) 20 3772 2500 
Mark Antelme 
 Lorna Cobbett 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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