Central Asia Metals PLC Grant of Options (6694A)

TIDMCAML

RNS Number : 6694A

Central Asia Metals PLC

31 May 2019

31 May 2019

CENTRAL ASIA METALS PLC

("CAML" or the "Company")

Grant of Options

Central Asia Metals plc (AIM:CAML) announces that, on 30 May 2019, 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                   Options Granted(1)    Total Options 
                                                                    Post Grant(2) 
 Nick Clarke       Chairman                              167,710        1,359,833 
                  -------------------------  -------------------  --------------- 
 Nigel Robinson    Chief Executive Officer               234,794          890,200 
                  -------------------------  -------------------  --------------- 
 Gavin Ferrar      Chief Financial Officer               191,189          865,724 
                  -------------------------  -------------------  --------------- 
 

(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 under the Central Asia Metals Employee Share Plan 2011. These Options will generally vest on 31 March 2022 subject to the achievement of performance conditions. 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] 
Louise Wrathall, Investor Relations     Tel:[phone] 
                                         [e-mail] 
 
Peel Hunt (Nominated Advisor and Joint  Tel: [phone] 
 Broker) 
Ross Allister 
James Bavister 
David McKeown 
 
BMO Capital Markets (Joint Broker)      Tel: [phone] 
Jeff Couch 
Thomas Rider 
Neil Elliot 
 
Blytheweigh (PR Advisors)               Tel: [phone] 
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 and the Sasa zinc-lead mine in North Macedonia. 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     167,710 
d)   Aggregated information                                    N/A (Single transaction) 
      Aggregated volume Price 
e)   Date of the transaction                                   30 May 2019 
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       234,794 
d)   Aggregated information                                    N/A (Single transaction) 
      Aggregated volume Price 
e)   Date of the transaction                                   30 May 2019 
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       191,189 
d)   Aggregated information                                    N/A (Single transaction) 
      Aggregated volume Price 
e)   Date of the transaction                                    30 May 2019 
f)   Place of the transaction                                  Outside a trading venue 
 

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May 31, 2019 02:30 ET (06:30 GMT)