Share Pledge by a Director

RNS Number : 2699L

Central Asia Metals PLC

02 July 2014

 

2 July 2014

CENTRAL ASIA METALS PLC

("CAML" or the "Company")

Share Pledge by a Director

Central Asia Metals plc (AIM: CAML) announces that it has today been notified that SDB Group LLP, an entity 100 per cent. owned and controlled by Mr Kenges Rakishev, a Non-Executive Director of the Company, entered into a loan agreement on 1 July 2014 whereby security over 21,211,751 ordinary shares of US$0.01 each in the capital of the Company (the "Pledged Shares") held by Mr Rakishev was granted in favour of JSC CenterCredit Bank  ("CenterCredit").

There is no change in Mr Rakishev's legal or beneficial shareholding in the Company and he continues to have an interest and voting rights in 21,211,751 ordinary shares representing approximately 19.95% of the issued share capital of the Company.

The Pledged Shares will remain subject to the restricted dealing provisions originally agreed with Mr Rakishev and CAML has obtained an undertaking from CenterCredit that should the security be enforced, the Company will be granted a priority right to place the shares.

For further information contact:

Central Asia Metals plc	Tel: [phone]
Nick Clarke, CEO Nigel Robinson, CFO
Peel Hunt LLP (Nominated Adviser & Joint Broker)	Tel: [phone]
Matthew Armitt Ross Allister
Mirabaud Securities LLP (Joint Broker)	Tel: [phone]
Peter Krens
Bell Pottinger	Tel: [phone]
Mark Antelme Lorna Cobbett

Note to editors:

Central Asia Metals is an AIM-listed UK company based in London. Its countries of operation are Kazakhstan and Mongolia. CAML is a copper producing company focussed on base metals. The Company also has a 50% equity interest in Copper Bay Ltd, which is developing the Chañaral Bay Copper Project in Chile. At the 2014 UK Stock Market Awards, the Company was named Best Basic Resources PLC. For further information please visit: www.centralasiametals.com.

 

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