Director/PDMR Shareholding

RNS Number : 5041C

Central Asia Metals PLC

13 April 2017

 

13 April 2017

CENTRAL ASIA METALS PLC

("CAML" or the "Company")

Update on Share Pledge by a Director

Central Asia Metals plc (AIM: CAML) announces it has today been informed that on 12 April 2017, JSC CenterCredit Bank ("CenterCredit") released security over 10,605,875 ordinary shares of US$0.01 each (the "Shares") of the 21,211,751 shares that were pledged to it as part of a loan agreement on 1 July 2014 by SDB Group , an entity 100 per cent. owned and controlled by Kenges Rakishev, a Non-Executive Director of the Company. CenterCredit retains security over the remaining 10,605,876 shares.

The Company has been further informed of Mr Rakishev's intention to re-pledge the Shares. A further announcement will be made in due course once this pledge is completed.

For further information contact:

Central Asia Metals plc	Tel: [phone]
Nick Clarke, Executive Chairman Nigel Robinson, CFO Louise Wrathall, Investor Relations [e-mail]
Peel Hunt (Nominated Adviser & Joint Broker)	Tel: [phone]
Matthew Armitt Ross Allister
Mirabaud Securities (Joint Broker)	Tel: [phone]
Peter Krens
Bell Pottinger (PR Advisers)	Tel: [phone]
Lorna Cobbett Aarti Iyer Marianna Bowes

Note to editors:

Central Asia Metals, an AIM-listed UK company based in London, owns 100% of the Kounrad SX-EW copper project in Kazakhstan. The Company also has a 75% equity interest in Copper Bay Ltd, which is a private company that has conducted a definitive feasibility study at its copper project in Chañaral Bay, Chile. In November 2016, Central Asia Metals signed a framework agreement to acquire an effective 80% interest in the Shuak copper exploration property in northern Kazakhstan. For further information, please visit www.centralasiametals.com.

Form for Notification and Public Disclosure of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them:  

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mr Kenges Rakishev
2	Reason for the notification
a)	Position/status	Mr Rakishev is a Non-Executive Director of the company and a PDMR
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer
a)	Name	Central Asia Metals Plc ("CAML")
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	Shares (GB00B67KBV28)
b)	Nature of the transaction	Release of certain shares in CAML from the security created pursuant to a share pledge granted by Mr Rakishev in favour of JSC "Centercredit Bank" on 1 July 2014 and notified under RNS Number 2699L.
c)	Price(s) and volume(s)	Price(s) Volume(s) NIL 10,605,875
d)	Aggregated information- Aggregated volume - Price	Not applicable - single transaction
e)	Date of the transaction /Place of the transaction	12 April 2017 / Outside a trading venue

 

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