17 June 2022
CENTRAL ASIA METALS PLC
('CAML' or the 'Company')
Exercise of Options/PDMR Dealing Notification
The Company (AIM:CAML) was notified on 16 June 2022 that, on the same day, Mr Gavin Ferrar, its Chief Financial Officer, exercised nominal cost options over ordinary shares of US$0.01 each ("Shares") in the Company at an exercise price of US$0.01 per the table below.
The exercise was settled by the Company in cash in accordance with the Rules of the Central Asia Metals plc Employee Share Plan 2011 (as amended) (the "Plan"). Under the Plan, the cash settlement price per Share is calculated as 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, therefore Mr Ferrar's options were satisfied at a price of £2.5307 per Share. No actual Shares were acquired or sold in this process.
| Name | Position | Number of options over Shares exercised1 |
Total options remaining post exercise2 |
| Gavin Ferrar | Chief Financial Officer | 226,612 | 395,963 |
1 includes accrued dividends
2 before any adjustments for accrued dividends
For further information contact:
| Central Asia Metals |
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| Tony Hunter, Company Secretary | Tel: +44 (0) 20 7603 1515 |
| Louise Wrathall, Director of Corporate Development | Tel:+44 (0) 20 7898 9001 louise.wrathall@centralasiametals.com |
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| Peel Hunt (Nominated Advisor and Joint Broker) | Tel: +44 (0) 20 7418 8900 |
| Ross Allister |
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| David McKeown |
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| BMO Capital Markets (Joint Broker) | Tel: +44 (0) 20 7236 1010 |
| Thomas Rider |
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| Pascal Lussier Duquette |
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| BlytheRay (PR Advisors) | Tel: +44 (0) 20 7138 3204 |
| Tim Blythe |
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| Megan Ray |
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| Rachael Brooks |
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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 and follow CAML on Twitter at @CamlMetals and on LinkedIn at Central Asia Metals Plc.
| 1. | Details of the person discharging managerial responsibilities / person closely associated |
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| a) | Name | Gavin Ferrar |
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| 2. | Reason for the Notification |
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| a) | Position/status | Chief Financial Officer |
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| b) | Initial notification/amendment | Initial notification |
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| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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| a) | Name | Central Asia Metals plc |
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| b) | LEI | 213800EYQBJZIT64NH43 |
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| 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 |
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| a) | Description of the Financial instrument, type of instrument | Ordinary shares of US$0.01 each |
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| Identification code | GB00B67KBV28 |
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| 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 £[xx] per Share. |
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| c) | Price(s) and volume(s) |
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| d) | Aggregated information
- Aggregated volume
- Price |
N/A single transaction | | ||
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| e) | Date of the transaction | 16/06/2022 |
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| f) | Place of the transaction | XLON
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