Grant of Options

RNS Number : 8164T
Central Asia Metals PLC
09 October 2014
 



09 October 2014

 

CENTRAL ASIA METALS PLC

(the "Company")

 

Grant of Options

 

The Company (AIM:CAML) announces that, on 8 October 2014, the following nominal cost options ("Options") over ordinary shares in the Company at a nominal exercise price of $0.01 per share, were granted to executive Directors of the Company. Each Option is exercisable in return for one ordinary share.

 

Name

Position

Options Granted

Total Options Post Grant

Nick Clarke

Chief Executive Officer

160,000

846,689

Nigel Robinson

Chief Financial Officer

100,000

367,626

Howard Nicholson

Technical Director

100,000

602,878

 

The Options to the executive Directors have been granted under the Central Asia Metals Employee Share Plan 2011. These Options will generally vest, subject to the achievement of certain performance conditions, at the rate of one-third per annum commencing on 31 March 2015. The Options have a maximum term of 10 years from the date of grant, subject to any earlier lapsing under these rules.

 

For further information:

 

Central Asia Metals plc

Tony Hunter

Company Secretary

 

Tel: +44 (0) 207 603 1515



Peel Hunt LLP (Nominated Adviser & Joint Broker)

Tel: +44 (0) 20 7418 8900

Matthew Armitt

Ross Allister




Mirabaud Securities LLP (Joint Broker)

Tel: +44 (0) 20 7878 3362

Peter Krens




Bell Pottinger

Tel: +44 (0) 20 3772 2500

Mark Antelme

Lorna Cobbett


 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
POSEVLFBZBFLFBL
UK 100

Latest directors dealings