Central Asia Metals PLC Exercise of Options and Directors' Dealings (5740X)

TIDMCAML

RNS Number : 5740X

Central Asia Metals PLC

09 May 2016

9 May 2016

CENTRAL ASIA METALS PLC

("CAML" or the "Company")

Exercise of Options and Directors' Dealings

Central Asia Metals plc (AIM: CAML) was on 6 May 2016 notified that, on the same day, Mr Nick Clarke, Chief Executive Officer of the Company, Mr Nigel Robinson, Chief Financial Officer of the Company, and Mr Howard Nicholson, Technical Director of the Company, exercised nominal cost options over ordinary shares of US$0.01 each ("Shares") in the Company at an exercise price of US$0.01 per the table below.

The exercise was settled by the Company in cash at 176.16p per Share in accordance with the Rules of the Central Asia Metals plc Employee Share Plan 2011 (as amended) (the "Plan"). Under the Plan, the cash settlement is calculated as the difference between the average of the middle-market quotations (from the Daily Official List of the London Stock Exchange) for the preceding five days and the exercise price of US$0.01. No actual Shares were acquired or sold in this process.

 
                                                          Total number of Shares held 
                                                       following transaction (jointly 
                                                             owned with the Company's 
                       Number of options over Shares                         Employee    % of Company's Issued Capital 
 Director                                  exercised        Benefit Trust (the "EBT")      (excluding treasury shares) 
------------------  --------------------------------  -------------------------------  ------------------------------- 
 Nick Clarke                     261,840                         1,342,887                           1.2% 
------------------  --------------------------------  -------------------------------  ------------------------------- 
 Nigel Robinson                  206,808                          646,715                            0.6% 
------------------  --------------------------------  -------------------------------  ------------------------------- 
 Howard Nicholson                248,970                          446,715                            0.4% 
------------------  --------------------------------  -------------------------------  ------------------------------- 
 
 
                                          Tel: +44 (0) 207 603 
                                                          1515 
 
Central Asia Metals plc 
 Tony Hunter 
 Company Secretary 
Peel Hunt LLP (Nominated Adviser & Joint  Tel: +44 (0) 20 7418 
 Broker)                                                  8900 
Matthew Armitt 
 Ross Allister 
 
                                          Tel: +44 (0) 20 7878 
Mirabaud Securities LLP (Joint Broker)                    3362 
Peter Krens 
 
Bell Pottinger 
 Greg Wood                                Tel: +44 (0) 20 3772 
 Aart Iyer                                                2500 
Richard Crowley

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHAKADQABKDOPK

(END) Dow Jones Newswires

May 09, 2016 03:00 ET (07:00 GMT)

Grafico Azioni Central Asia Metals (LSE:CAML)
Storico
Da Giu 2024 a Lug 2024