RNS Number : 7049P
Central Asia Metals PLC
23 May 2024
 

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23 May 2024

 

 

CENTRAL ASIA METALS PLC

('CAML' or the 'Company')

 

Option Exercise by Directors

The Company (AIM:CAML) was notified today that, Nick Clarke, Non-Executive Chairman, Nigel Robinson, Chief Executive Officer and Louise Wrathall, Director of Corporate Development of the Company exercised nominal cost options under the Central Asia Metals Employee Share Plan 2011 ("the Plan") over ordinary shares of US$0.01 each ('Shares') in the Company at an exercise price of US$0.01, as set out in the table below. The option exercise was settled by the Company in cash at £2.2206 per Share. Under the Plan, the cash settlement price is calculated from 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 sold or acquired in this process.

 

Name

Position

Number of options over Shares exercised1

 

Total options remaining post exercise2

Nick Clarke

Non-Executive Chairman

588,209

   986,695

Nigel Robinson

Chief Executive Officer

657,749

1,395,174

Louise Wrathall

Director of Corporate Development

137,891

   530,670

 

1 includes accrued dividends

2 before any adjustments for accrued dividends

 

For further information contact:

Central Asia Metals

 

Tony Hunter, Company Secretary

Tel: +44 (0) 20 7603 1515

Louise Wrathall, Director of Corporate Development

louise.wrathall@centralasiametals.com

 

 

Peel Hunt (Nominated Adviser and Joint Broker)

Tel: +44 (0) 20 7418 8900

Ross Allister

 

David McKeown

 

Georgia Langoulant

 

 

 

BMO Capital Markets (Joint Broker)

Tel: +44 (0) 20 7236 1010

Thomas Rider

 

Pascal Lussier Duquette

 

 

 

BlytheRay (PR Advisors)

Tel: +44 (0) 20 7138 3204

Tim Blythe

 

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 and 100% of the Sasa zinc-lead mine in North Macedonia.

For further information, please visit www.centralasiametals.com and follow CAML on X at @CamlMetals and on LinkedIn at Central Asia Metals Plc.

 

1.

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name

Nick Clarke

 

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

Central Asia Metals plc

 

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

 

a)

Description of the Financial instrument, type of instrument

Ordinary shares of US$0.01 each

 

Identification code

GB00B67KBV28

 

b)

Nature of the Transaction

Exercise of nominal cost options over ordinary Shares in the Company under the Central Asia Metals Employee Share Plan 2011 (as amended) cash settled at an exercise price of £2.2206 per Share.

 

c)

Price(s) and volume(s)

Price(s)

  £2.2206

Volume(s)

588,209

 

d)

Aggregated information

 

-      Aggregated volume

 

-      Price

 

 

588,209

 

£1,306,176.91




e)

Date of the transaction

23 May 2024

 

f)

Place of the transaction

Outside a trading venue

 

 

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Nigel Robinson

2.

Reason for the Notification

a)

Position/status

 Chief Executive Officer

b)

Initial notification/amendment

  Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Central Asia Metals plc

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

a)

Description of the Financial instrument, type of instrument

Ordinary shares of US$0.01 each

Identification code

GB00B67KBV28

b)

Nature of the Transaction

Exercise of nominal cost options over ordinary Shares in the Company under the Central Asia Metals Employee Share Plan 2011 (as amended) cash settled at an exercise price of £2.2206 per Share.

c)

Price(s) and volume(s)

Price(s)

  £2.2206

Volume(s)

657,749

d)

Aggregated information

 

-      Aggregated volume

 

-      Price

 

 

657,749

 

£1,460,597.43

e)

Date of the transaction

23 May 2024

f)

Place of the transaction

Outside a trading venue

 

 

1.

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name

Louise Wrathall

 

2.

Reason for the Notification

 

a)

Position/status

Director of Corporate Development

 

b)

Initial notification/amendment

  Initial notification

 

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

Name

Central Asia Metals plc

 

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

 

a)

Description of the Financial instrument, type of instrument

Ordinary shares of US$0.01 each

 

Identification code

GB00B67KBV28

 

b)

Nature of the Transaction

Exercise of nominal cost options over ordinary Shares in the Company under the Central Asia Metals Employee Share Plan 2011 (as amended) cash settled at an exercise price of £2.2206 per Share.

 

c)

Price(s) and volume(s)

Price(s)

  £2.2206

Volume(s)

137,891

 

d)

Aggregated information

 

-      Aggregated volume

 

-      Price

 

 

137,891

 

£306,200.75




e)

Date of the transaction

23 May 2024

 

f)

Place of the transaction

Outside a trading venue

 

 

 

 

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