23 May 2024
CENTRAL ASIA METALS PLC
('CAML' or the 'Company')
Option Exercise by Directors
The Company (AIM:CAML) was notified today that, Nick Clarke, Non-Executive Chairman, Nigel Robinson, Chief Executive Officer and Louise Wrathall, Director of Corporate Development of the Company exercised nominal cost options under the Central Asia Metals Employee Share Plan 2011 ("the Plan") over ordinary shares of US$0.01 each ('Shares') in the Company at an exercise price of US$0.01, as set out in the table below. The option exercise was settled by the Company in cash at £2.2206 per Share. Under the Plan, the cash settlement price is calculated from 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.
| Name | Position | Number of options over Shares exercised1 |
Total options remaining post exercise2 |
| Nick Clarke | Non-Executive Chairman | 588,209 | 986,695 |
| Nigel Robinson | Chief Executive Officer | 657,749 | 1,395,174 |
| Louise Wrathall | Director of Corporate Development | 137,891 | 530,670 |
1 includes accrued dividends
2 before any adjustments for accrued dividends
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 |
|
|
|
| Peel Hunt (Nominated Adviser and Joint Broker) | Tel: +44 (0) 20 7418 8900 |
| Ross Allister |
|
| David McKeown |
|
| Georgia Langoulant |
|
|
|
|
| BMO Capital Markets (Joint Broker) | Tel: +44 (0) 20 7236 1010 |
| Thomas Rider |
|
| Pascal Lussier Duquette |
|
|
|
|
| BlytheRay (PR Advisors) | Tel: +44 (0) 20 7138 3204 |
| Tim Blythe |
|
| 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 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 | Nick Clarke |
| ||
| 2. | Reason for the Notification |
| |||
| a) | Position/status | Non-Executive 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 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 £2.2206 per Share. |
| ||
| c) | Price(s) and volume(s) |
|
| ||
| d) | Aggregated information
- Aggregated volume
- Price |
588,209
£1,306,176.91 | | ||
| | |||||
| | |||||
| e) | Date of the transaction | 23 May 2024 |
| ||
| 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 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 £2.2206 per Share. | ||
| c) | Price(s) and volume(s) |
| ||
| d) | Aggregated information
- Aggregated volume
- Price |
657,749
£1,460,597.43 | ||
| e) | Date of the transaction | 23 May 2024 | ||
| 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 | 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 £2.2206 per Share. |
| ||
| c) | Price(s) and volume(s) |
|
| ||
| d) | Aggregated information
- Aggregated volume
- Price |
137,891
£306,200.75 | | ||
| | |||||
| | |||||
| e) | Date of the transaction | 23 May 2024 |
| ||
| f) | Place of the transaction | Outside a trading venue
|
| ||
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