Central Asia Metals PLC Share Pledge by a Director (3931E)

TIDMCAML

RNS Number : 3931E

Central Asia Metals PLC

05 May 2017

5 May 2017

CENTRAL ASIA METALS PLC

("CAML" or the "Company")

Share Pledge by a Director

Further to the announcement made on 13 April 2017, Central Asia Metals plc (AIM: CAML) announces that it was today notified that on 28 April 2017 Mr Kenges Rakishev, a Non-Executive Director of the Company, granted security over 10,605,875 ordinary shares of US$0.01 each in the capital of the Company held by Kenges Rakishev in favour of CBH Europe Limited.

There is no change in Mr Rakishev's beneficial shareholding in the Company and he continues to have an interest and voting rights in 21,211,751 ordinary shares representing approximately 19.01% of the issued share capital of the Company.

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 
 [e-mail] 
 
  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            Grant of a charge over shares 
      transaction              held in the name of Mr Kenges 
                               Rakishev in a broking account 
                               with CBH Europe Limited ("CBH") 
                               pursuant to a general charge 
                               agreement between Mr Rakishev 
                               and CBH dated 26 April 2017 and 
                               effective upon the deposit of 
                               the charged shares into CBH's 
                               broking account in the name of 
                               Mr Rakishev, which occurred on 
                               28 April 2017. The general charge 
                               agreement was entered into pursuant 
                               to a framework credit agreement 
                               made between Mr Rakishev as borrower 
                               and CBH as creditor on 26 April 
                               2017. Following the charging 
                               of the shares, Mr Kenges Rakishev's 
                               beneficial interest in CAML remains 
                               unchanged. 
---  -----------------------  ------------------------------------- 
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  28 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

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May 05, 2017 13:02 ET (17:02 GMT)