Central Asia Metals PLC Intended Transaction and Suspension of Trading (6627P)
04 Settembre 2017 - 8:00AM
UK Regulatory
TIDMCAML
RNS Number : 6627P
Central Asia Metals PLC
04 September 2017
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH
JURISDICTION
INSIDE INFORMATION
This announcement contains inside information which is disclosed
in accordance with the Market Abuse Regulation.
4 September 2017
CENTRAL ASIA METALS PLC
("CAML", or the "Company")
Intended Transaction and Suspension of Trading
In the light of a press enquiry, the Directors of CAML confirm
that they are in advanced talks with a third party which may lead
to a transaction.
If undertaken, the intended transaction would be classified as a
reverse takeover in accordance with the AIM Rules for Companies.
Accordingly, at the request of the Company, CAML's shares are
suspended from trading on AIM with immediate effect and will remain
so until either the publication of an admission document setting
out, inter alia, details of the intended transaction or until
confirmation is given that these discussions have ceased.
The Directors will make further announcements in the coming
weeks if, and when, they become appropriate.
There can be no certainty that the intended transaction will
proceed.
Enquiries:
Central Asia Metals plc Tel: +44 20 7898 9001
Nick Clarke, Executive Chairman
Nigel Robinson, Chief Financial Officer
Gavin Ferrar, Business Development Director
Louise Wrathall, Investor Relations
louise.wrathall@centralasiametals.com
J.P. Morgan Cazenove Tel: +44 20 7742 4000
(Financial Adviser to CAML)
Barry Weir
Edward Jack
Andrew Coates
Peel Hunt Tel: +44 20 7418 8900
(Nominated Adviser and Joint Broker to CAML)
Matthew Armitt
Ross Allister
Chris Burrows
Blytheweigh Tel: +44 20 7138 3204
(PR Adviser to CAML)
Tim Blythe
Camilla Horsfall
Megan Ray
Note to editors:
Central Asia Metals, an AIM-listed UK company based in London,
owns 100% of the Kounrad SX-EW copper project in central
Kazakhstan. The Company also owns 80% of the Shuak copper
exploration property in northern Kazakhstan. In addition, Central
Asia Metals 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. For further
information, please visit www.centralasiametals.com.
Further Information
J.P. Morgan Securities plc, which conducts its UK investment
banking business as J.P. Morgan Cazenove ("J.P. Morgan Cazenove"),
is authorised by the Prudential Regulatory Authority and regulated
by the Financial Conduct Authority and the Prudential Regulatory
Authority in the United Kingdom. J.P. Morgan Cazenove is acting as
financial adviser exclusively for CAML and no one else in
connection with the matters set out in this announcement and will
not regard any other person as its client in relation to the
matters in this announcement and will not be responsible to anyone
other than CAML for providing the protections afforded to clients
of J.P. Morgan Cazenove or its affiliates, or for providing advice
in relation to any matter referred to herein.
Peel Hunt LLP ("Peel Hunt"), is authorised and regulated in the
United Kingdom by the Financial Conduct Authority. Peel Hunt is
acting as nominated adviser and broker exclusively for CAML and no
one else in connection with the matters set out in this
announcement and will not regard any other person as its client in
relation to the matters in this announcement and will not be
responsible to anyone other than CAML for providing the protections
afforded to clients of Peel Hunt or its affiliates, or for
providing advice in relation to any matter referred to herein.
Ends
This information is provided by RNS
The company news service from the London Stock Exchange
END
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September 04, 2017 02:00 ET (06:00 GMT)
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