Exercise of Options

RNS Number : 2319A
Central Asia Metals PLC
20 January 2020
 

20 January 2020

 

CENTRAL ASIA METALS PLC

('CAML' or the 'Company')

Exercise of Options/PDMR Dealing Notification and Transaction in Own Shares

The Company (AIM:CAML) has been notified that, on 17 January 2020, two of its Directors exercised nominal cost options over ordinary shares of US$0.01 each ('Shares') in the Company at an exercise price of US$0.01 and sold the resulting shares, in part to settle the tax liabilities arising on the exercise, as shown in the table below:

 

Name

Position

Number of options over Shares exercised1

Number of Shares sold

Aggregate price achieved

 

Total options remaining post exercise2

Share plan

Gavin Ferrar

 

Chief Financial Officer

300,000

300,000

£2.220378

521,276

The Central Asia Metals  Employee Share Plan 2011 (as amended)

Nurlan Zhakupov

Non-Executive Director

 40,000

 40,000

£2.242500

142,859

The Central Asia Metals Non-Executive Director Share Plan 2012 (as amended)

1 includes accrued dividends

2 before any adjustments for accrued dividends

The exercise of Mr Ferrar's options was satisfied by 300,000 Shares from the Central Asia Metals employee benefit trust.

The exercise of Mr Zhakupov's options was satisfied by 40,000 of the Company's Shares from treasury.

As a result, the Company currently holds 471,647 Shares in treasury. The total number of voting rights in the Company is 176,026,619. This figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

 

For further information contact:

Central Asia Metals

 

Tony Hunter, Company Secretary

Tel: +44 (0) 20 7603 1515

 

 

Peel Hunt (Nominated Advisor and Joint Broker)

Tel: +44 (0) 20 7418 8900

Ross Allister

 

David McKeown

 

 

 

BMO Capital Markets (Joint Broker)

Tel: +44 (0) 20 7236 1010

Thomas Rider

 

Neil Elliot

 

 

 

Blytheweigh (PR Advisors)

Tel: +44 (0) 20 7138 3204

Tim Blythe

 

Camilla Horsfall

 

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 https://twitter.com/CamlMetals

 

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) at a nominal exercise price of $0.01 per Share and sale of the resulting Shares.

c)

Price(s) and volume(s)

Exercise

 

Price(s)

  US$0.01

Volume(s)

300,000

Sale

 

Price(s)

£2.220378

Volume(s)

300,000

 

 

d)

Aggregated information

Aggregated volume Price

 

See above

e)

Date of the transaction

17 January 2020

f)

Place of the transaction

XLON

 

 

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Nurlan Zhakupov

2.

Reason for the Notification

a)

Position/status

 Non-Executive Director

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 Non-Executive Director Share Plan 2012 (as amended) at a nominal exercise price of $0.01 per Share and sale of the resulting Shares.

c)

Price(s) and volume(s)

Exercise

 

Price(s)

  US$0.01

Volume(s)

40,000

Sale

 

Price(s)

£2.242500

Volume(s)

40,000

 

 

d)

Aggregated information

Aggregated volume Price

 

See above

e)

Date of the transaction

17 January 2020

f)

Place of the transaction

XLON

 

 


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