Grant of Options

RNS Number : 9911M
Central Asia Metals PLC
03 May 2018
 

3 May 2018

 

CENTRAL ASIA METALS PLC

("CAML" or the "Company")

 

Grant of Options

 

The Company (AIM:CAML) announces that, on 2 May 2018, 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

Annual Options Granted1

Additional Options Granted

Total Options Post Grant2

Nick Clarke

Chairman

147,273

147,273

1,192,123

Nigel Robinson

Chief Executive Officer

97,255

97,255

655,406

Gavin Ferrar

Chief Financial Officer

85,098

85,098

674,535

1 vesting of these awards is subject to the achievement of certain performance conditions

2 before any adjustments for accrued dividends

 

The Options to the Executive Directors have been granted as set out in the Company's 2017 Annual Report, under the Central Asia Metals Employee Share Plan 2011.  These Options will generally vest at the rate of one-third per annum commencing on 31 March 2019. 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 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


James Bavister




Mirabaud Securities (Joint Broker)

Tel: +44 (0) 20 3167 7221

Peter Krens




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 the Kounrad SX-EW copper project in central Kazakhstan and the Sasa zinc-lead mine in Macedonia. The Company also owns 80% of the Shuak copper exploration property in northern Kazakhstan. For further information, please visit www.centralasiametals.com.

 

 

 

 

  

 

 

 

 

 

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Nicholas Clarke

2.

Reason for the Notification

a)

Position/status

  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

Grant of nominal cost options over ordinary shares in the Company at a nominal exercise price of $0.01 per share.

c)

Price(s) and volume(s)

Price(s)

  $0.01

Volume(s)

  147,273


  $0.01


    147,273



d)

Aggregated information

Aggregated volume Price

$0.01

294,546

e)

Date of the transaction

2 May 2018

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

Grant of nominal cost options over ordinary shares in the Company at a nominal exercise price of $0.01 per share.

c)

Price(s) and volume(s)

Price(s)

$0.01

Volume(s)

 97,255


$0.01


   97,255



d)

Aggregated information

Aggregated volume Price

$0.01

194,510

e)

Date of the transaction

2 May 2018

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 options over ordinary shares in the Company at a nominal exercise price of $0.01 per share.

c)

Price(s) and volume(s)

Price(s)

$0.01

Volume(s)

85,098

 
  $0.01


85,098



d)

Aggregated information

Aggregated volume Price

$0.01

170,196

e)

Date of the transaction

2 May 2018

f)

Place of the transaction

Outside a trading venue

 

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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