Exercise of Options and Directors' Dealings

RNS Number : 0575V

Central Asia Metals PLC

22 October 2014

 



22 October 2014

CENTRAL ASIA METALS PLC

("CAML" or the "Company")

Exercise of Options and Directors' Dealings

Central Asia Metals plc (AIM:CAML) has been notified that, Mr Nick Clarke, Chief Executive Officer of the Company, and Mr Howard Nicholson, Technical Director of the Company, have today exercised options over ordinary shares of US$0.01 each ("Shares") in the Company at an exercise price of US$0.01 per Share. Mr Clarke and Mr Nicholson have today sold the resulting Shares, in part to settle the tax liabilities arising on exercise, per the table below:

Director	Number of options over Shares exercised	Number of Shares sold	Average price of Shares sold	Total number of Shares held following transaction (jointly owned with the Company's Employee Benefit Trust (the "EBT")	% of Company's Issued Capital
Nick Clarke	400,000	400,000	159 pence	1,342,887	1.2%
Howard Nicholson	377,764	377,764	159 pence	446,715	0.4%

The exercise of these options will be satisfied by the transfer of Shares from the EBT.

Enquiries:

Central Asia Metals plc                           Tony Hunter                       [phone]

                                                                          Company Secretary

Peel Hunt LLP                                               Matthew Armitt               [phone]                             

                                                                            Ross Allister

Mirabaud Securities LLP                           Peter Krens                        [phone]

Bell Pottinger                                                Lorna Cobbett                   [phone] 

                                                                           Marianna Bowes

 

END

 

 

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