Central Asia Metals PLC Director/PDMR Shareholding (5041C)

TIDMCAML

RNS Number : 5041C

Central Asia Metals PLC

13 April 2017

CENTRAL ASIA METALS PLC

("CAML" or the "Company")

Update on Share Pledge by a Director

Central Asia Metals plc (AIM: CAML) announces it has today been informed that on 12 April 2017, JSC CenterCredit Bank ("CenterCredit") released security over 10,605,875 ordinary shares of US$0.01 each (the "Shares") of the 21,211,751 shares that were pledged to it as part of a loan agreement on 1 July 2014 by SDB Group , an entity 100 per cent. owned and controlled by Kenges Rakishev, a Non-Executive Director of the Company. CenterCredit retains security over the remaining 10,605,876 shares.

The Company has been further informed of Mr Rakishev's intention to re-pledge the Shares. A further announcement will be made in due course once this pledge is completed.

For further information contact:

 
 
                                          Tel: +44 (0) 20 
  Central Asia Metals plc                 7898 9001 
Nick Clarke, Executive Chairman 
 Nigel Robinson, CFO 
 Louise Wrathall, Investor 
 Relations 
 louise.wrathall@centralasiametals.com 
 
  Peel Hunt (Nominated Adviser            Tel: +44 (0) 20 
  & Joint Broker)                         7418 8900 
Matthew Armitt 
 Ross Allister 
 
  Mirabaud Securities (Joint            Tel: +44 (0) 20 
  Broker)                                3167 7221 
Peter Krens 
 
                                        Tel: +44 (0) 20 
Bell Pottinger (PR Advisers)             3772 2500 
Lorna Cobbett 
 Aarti Iyer 
 Marianna Bowes

Note to editors:

Central Asia Metals, an AIM-listed UK company based in London, owns 100% of the Kounrad SX-EW copper project in Kazakhstan. The Company also has a 75% equity interest in Copper Bay Ltd, which is a private company that has conducted a definitive feasibility study at its copper project in Chañaral Bay, Chile. In November 2016, Central Asia Metals signed a framework agreement to acquire an effective 80% interest in the Shuak copper exploration property in northern Kazakhstan. For further information, please visit www.centralasiametals.com.

Form for 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                     Mr Kenges Rakishev 
---  -----------------------  ----------------------------------- 
2    Reason for the notification 
---  ------------------------------------------------------------ 
a)   Position/status          Mr Rakishev is a Non-Executive 
                               Director of the company and a 
                               PDMR 
---  -----------------------  ----------------------------------- 
b)   Initial notification     Initial notification 
      /Amendment 
---  -----------------------  ----------------------------------- 
3    Details of the issuer 
---  ------------------------------------------------------------ 
a)   Name                     Central Asia Metals Plc ("CAML") 
---  -----------------------  ----------------------------------- 
b)   LEI                      213800EYQBJZIT64NH43 
---  -----------------------  ----------------------------------- 
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 
---  ------------------------------------------------------------ 
     Description of           Shares (GB00B67KBV28) 
 a)   the financial 
      instrument, type 
      of instrument 
---  -----------------------  ----------------------------------- 
b)   Nature of the            Release of certain shares in 
      transaction              CAML from the security created 
                               pursuant to a share pledge granted 
                               by Mr Rakishev in favour of JSC 
                               "Centercredit Bank" on 1 July 
                               2014 and notified under RNS Number 
                               2699L. 
---  -----------------------  ----------------------------------- 
c)   Price(s) and volume(s)   Price(s)   Volume(s) 
                               ---------  ---------- 
 
                               NIL        10,605,875 
                               ---------  ---------- 
---  -----------------------  ----------------------------------- 
d)   Aggregated information-  Not applicable - single transaction 
      Aggregated volume 
      - Price 
---  -----------------------  ----------------------------------- 
e)   Date of the transaction  12 April 2017 / Outside a trading 
      /Place of the            venue 
      transaction 
---  -----------------------  -----------------------------------

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHEXLFFDZFLBBE

(END) Dow Jones Newswires

April 13, 2017 11:26 ET (15:26 GMT)

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