13 April 2023
CENTRAL ASIA METALS PLC
('CAML' or the 'Company')
Grant of Long-Term Share Awards
Central Asia Metals plc (AIM:CAML) announces that, on 12 April 2023, the following nominal cost long-term share awards ("LTIP Awards") over ordinary shares in the Company at an exercise price of $0.01 per share, were granted to Executive Directors of the Company under the Central Asia Metals Long-Term Incentive Plan 2022. Each LTIP Award is exercisable in return for one ordinary share.
| Name | Position | LTIP Awards Granted1 | Total LTIP Awards Post Grant2 |
| Nigel Robinson | Chief Executive Officer | 261,594 | 1,482,004 |
| Gavin Ferrar | Chief Financial Officer | 214,031 | 763,724 |
| Louise Wrathall | Director of Corporate Development | 177,955 | 421,971 |
1 vesting of these awards is subject to the achievement of certain performance conditions
2 before any adjustments for accrued dividends
These LTIP Awards will generally vest on 31 March 2026 subject to the achievement of performance conditions to align with CAML's understanding of long-term shareholder expectations. The performance conditions comprise:
- a 75% component achieved by relative total shareholder return ('TSR') versus CAML's peer group
- a 25% component related to achievement of CAML's long-term sustainability targets.
The Awards 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: +44 (0) 20 7603 1515 |
| Louise Wrathall, Director of Corporate Development | louise.wrathall@centralasiametals.com |
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| Peel Hunt (Nominated Adviser 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 100% of 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 | |||||
| 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 | Grant of nominal cost long-term share awards over ordinary shares in the Company at an exercise price of $0.01 per share. | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information Aggregated volume Price | N/A (Single transaction) | ||||
| e) | Date of the transaction | 12/04/2023 | ||||
| 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 instrument | Ordinary shares of US$0.01 each | ||||
| Identification code | GB00B67KBV28 | |||||
| b) | Nature of the Transaction | Grant of nominal cost long-term share awards over ordinary shares in the Company at an exercise price of $0.01 per share. | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information Aggregated volume Price | N/A (Single transaction) | ||||
| e) | Date of the transaction | 12/04/2023 | ||||
| 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 | Grant of nominal cost long-term share awards over ordinary shares in the Company at an exercise price of $0.01 per share. | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information Aggregated volume Price | N/A (Single transaction) | ||||
| e) | Date of the transaction | 12/04/2023 | ||||
| f) | Place of the transaction | Outside a trading venue
| ||||
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