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Central Asia Metals (CAML)

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Tuesday 22 December, 2020

Central Asia Metals

Exercise of Options/PDMR Dealing Notification

RNS Number : 5615J
Central Asia Metals PLC
22 December 2020
 

22 December 2020

 

CENTRAL ASIA METALS PLC

('CAML' or the 'Company')

Exercise of Options/PDMR Dealing Notification

The Company (AIM:CAML) has today been notified that, on 21 December 2020, Mr Nigel Robinson, Chief Executive Officer of the Company:

 

(a)  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 on the same day, 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

Nigel Robinson

Chief Executive Officer

350,000

350,000

£2.24112

880,255

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

1 includes accrued dividends

2 before any adjustments for accrued dividends

The exercise of Mr Robinson's options was satisfied by 350,000 Shares from the Central Asia Metals employee benefit trust.

 

(b)  sold 36,800 Shares at a price of £2.207106 per Share. Following this transaction, which represents 0.021% of the issued share capital of the Company (excluding shares held in treasury), Mr Robinson holds 646,715 Shares, representing 0.367% of the issued share capital of the Company (excluding shares held in treasury). These Shares are jointly owned with the Central Asia Metals employee benefit trust under a joint share ownership plan. These share awards were made prior to the 2010 IPO and vested upon its successful completion.

 

For further information contact:

Central Asia Metals

 

Tony Hunter, Company Secretary

Tel: +44 (0) 20 7603 1515

Louise Wrathall, Director of Corporate Relations

Tel:+44 (0) 20 7898 9001

[email protected]


 

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

 

 

 

Blytheweigh (PR Advisors)

Tel: +44 (0) 20 7138 3204

Tim Blythe

 

Megan Ray

 

Rachael Brooks

 

 

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 the Sasa zinc-lead mine in North Macedonia.

For further information, please visit www.centralasiametals.com and follow CAML on Twitter at @CamlMetals and on LinkedIn at Central Asia Metals Plc.

 

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

1.  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

2.  Sale of the resulting Shares.

3.  Sale of shares held personally in the Company.

 

c)

Price(s) and volume(s)

Exercise of options

 

Price(s)

  US$0.01

Volume(s)

350,000

Sale of shares resulting from option exercise

 

Price(s)

£2.24112

Volume (s)

350,000

Sale of shares held personally

 

Price(s)

£2.207106

Volume(s)

36,800

 

 

 

 

d)

Aggregated information

 

-  Aggregated volume

 

-  Price

Transaction type

Aggregated Volume(s)

Price(s)

 

 

Exercise of options

350,000

$3,500

 

Sale of shares resulting from option exercise

350,000

£784,392

 

Sale of shares held personally

36,800

£81,221.50

 

e)

Date of the transaction

21 December 2020

 

f)

Place of the transaction

XLON

 

 

 

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