26 September 2023
CENTRAL ASIA METALS PLC
('CAML' or the 'Company')
Purchase of Shares and Option Exercise by Director
The Company (AIM:CAML) was notified on 25 and 26 September 2023 that Mr Gavin Ferrar, Chief Financial Officer of the Company, undertook the following dealings in the Company's ordinary shares of US$0.01 each ('Shares'):
1. Purchase of Shares
Mr Ferrar purchased 6,816 Shares on 25 September 2023 at a price of £2.053747 per Share; and 3,112 Shares on 26 September 2023 at price of £2.09195 per Share. The Shares were purchased on the open market.
Following these acquisitions, Mr Ferrar owns a total of 9,928 Shares.
2. Exercise of Options
Mr Ferrar exercised nominal cost options over Shares on 25 September 2023 at an exercise price of US$0.01 per the table below. The option exercise was settled by the Company in cash at £2.0408027 per Share 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 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. No actual Shares were sold or acquired in this process and Mr Ferrar's number of options outstanding has reduced by 203,442 as shown below.
| Name | Position | Number of options over Shares exercised1 |
Total options remaining post exercise2 |
| Gavin Ferrar | Chief Financial Officer | 203,442 | 663,266 |
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 | 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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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 X at @CamlMetals and on LinkedIn at Central Asia Metals Plc.
| 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 | Acquisition of Shares | ||
| c) | Price(s) and volume(s) |
| ||
| d) | Aggregated information - Aggregated volume - Price |
6,816 £13,998.34 | ||
| e) | Date of the transaction | 25 September 2023 | ||
| f) | Place of the transaction | XLON
| ||
| 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 | Acquisition of Shares | ||
| c) | Price(s) and volume(s) |
| ||
| d) | Aggregated information - Aggregated volume - Price |
3,112 £6,510.15 | ||
| e) | Date of the transaction | 26 September 2023 | ||
| f) | Place of the transaction | XLON
| ||
| 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 | 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 £2.0408027 per Share. |
| ||
| c) | Price(s) and volume(s) |
|
| ||
| d) | Aggregated information
- Aggregated volume
- Price |
203,442
£415,184.98
| | ||
| e) | Date of the transaction | 25 September 2023 |
| ||
| f) | Place of the transaction | Outside a trading venue
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