Central Asia Metals PLC Grant of Options (9911M)

TIDMCAML

RNS Number : 9911M

Central Asia Metals PLC

03 May 2018

3 May 2018

CENTRAL ASIA METALS PLC

("CAML" or the "Company")

Grant of Options

The Company (AIM:CAML) announces that, on 2 May 2018, 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                Annual   Additional            Total 
                                          Options      Options          Options 
                                       Granted(1)      Granted    Post Grant(2) 
----------------  -----------------  ------------  -----------  --------------- 
 Nick Clarke       Chairman               147,273      147,273        1,192,123 
----------------  -----------------  ------------  -----------  --------------- 
                   Chief Executive 
 Nigel Robinson     Officer                97,255       97,255          655,406 
----------------  -----------------  ------------  -----------  --------------- 
                   Chief Financial 
 Gavin Ferrar       Officer                85,098       85,098          674,535 
----------------  -----------------  ------------  -----------  --------------- 
 

(1) vesting of these awards is subject to the achievement of certain performance conditions

(2) before any adjustments for accrued dividends

The Options to the Executive Directors have been granted as set out in the Company's 2017 Annual Report, under the Central Asia Metals Employee Share Plan 2011. These Options will generally vest at the rate of one-third per annum commencing on 31 March 2019. 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 contact:

 
Central Asia Metals 
Tony Hunter, Company Secretary  Tel: [phone] 
                                 1515 
 
Peel Hunt (Nominated Advisor    Tel: [phone] 
 and Joint Broker)               8900 
Ross Allister 
James Bavister 
 
Mirabaud Securities (Joint      Tel: [phone] 
 Broker)                         7221 
Peter Krens 
 
Blytheweigh (PR Advisors)       Tel: [phone] 
                                 3204 
Tim Blythe 
Camilla Horsfall 
Megan Ray 
 

Note to editors:

Central Asia Metals, an AIM-listed UK company based in London, owns the Kounrad SX-EW copper project in central Kazakhstan and the Sasa zinc-lead mine in Macedonia. The Company also owns 80% of the Shuak copper exploration property in northern Kazakhstan. For further information, please visit www.centralasiametals.com.

 
1.    Details of the person discharging managerial responsibilities / person closely associated 
a)    Name                                                      Nicholas Clarke 
2.    Reason for the Notification 
a)    Position/status                                           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          Ordinary shares of US$0.01 each 
      instrument 
      Identification code                                       GB00B67KBV28 
b)    Nature of the Transaction                                 Grant of nominal cost options over ordinary shares in 
                                                                the Company at a nominal exercise price 
                                                                of $0.01 per share. 
c)    Price(s) and volume(s)                                     Price(s)   Volume(s) 
                                                                    $0.01      147,273 
 
                                                                  $0.01      147,273 
                                                                $0.01 
      Aggregated information 
d)     Aggregated volume Price                                   294,546 
e)    Date of the transaction                                   2 May 2018 
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          Ordinary shares of US$0.01 each 
      instrument 
      Identification code                                       GB00B67KBV28 
b)    Nature of the Transaction                                 Grant of nominal cost options over ordinary shares in 
                                                                the Company at a nominal exercise price 
                                                                of $0.01 per share. 
c)    Price(s) and volume(s)                                     Price(s)   Volume(s) 
                                                                   $0.01       97,255 
 
                                                                   $0.01     97,255 
                                                                $0.01 
      Aggregated information 
d)     Aggregated volume Price                                   194,510 
e)    Date of the transaction                                   2 May 2018 
f)    Place of the transaction                                  Outside a trading venue 
 
 
1.    Details of the person discharging managerial responsibilities / person closely associated 
a)    Name                                                      Gavin Ferrar 
2.    Reason for the Notification 
a)    Position/status                                           Chief Financial 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          Ordinary shares of US$0.01 each 
      instrument 
      Identification code                                       GB00B67KBV28 
b)    Nature of the Transaction                                 Grant of nominal cost options over ordinary shares in 
                                                                the Company at a nominal exercise price 
                                                                of $0.01 per share. 
c)    Price(s) and volume(s)                                     Price(s)   Volume(s) 
                                                                   $0.01      85,098 
 
                                                                  $0.01       85,098 
d)    Aggregated information                                    $0.01 
   Aggregated volume Price                                       170,196 
e)    Date of the transaction                                   2 May 2018 
f)    Place of the transaction                                  Outside a trading venue 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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May 03, 2018 02:30 ET (06:30 GMT)