Exercise of Options and Directors' Dealings

RNS Number : 5740X

Central Asia Metals PLC

09 May 2016

 

9 May 2016

CENTRAL ASIA METALS PLC

("CAML" or the "Company")

Exercise of Options and Directors' Dealings

Central Asia Metals plc (AIM: CAML) was on 6 May 2016 notified that, on the same day, Mr Nick Clarke, Chief Executive Officer of the Company, Mr Nigel Robinson, Chief Financial Officer of the Company, and Mr Howard Nicholson, Technical Director of the Company, exercised nominal cost options over ordinary shares of US$0.01 each ("Shares") in the Company at an exercise price of US$0.01 per the table below.  

The exercise was settled by the Company in cash at 176.16p per Share in accordance with the Rules of the Central Asia Metals plc Employee Share Plan 2011 (as amended) (the "Plan"). Under the Plan, the cash settlement is calculated as the difference between the average of the middle-market quotations (from the Daily Official List of the London Stock Exchange) for the preceding five days and the exercise price of US$0.01.  No actual Shares were acquired or sold in this process.

Director	Number of options over Shares exercised	Total number of Shares held following transaction (jointly owned with the Company's Employee Benefit Trust (the "EBT")	% of Company's Issued Capital (excluding treasury shares)
Nick Clarke	261,840	1,342,887	1.2%
Nigel Robinson	206,808	646,715	0.6%
Howard Nicholson	248,970	446,715	0.4%

Central Asia Metals plc Tony Hunter Company Secretary	Tel: [phone]
Peel Hunt LLP (Nominated Adviser & Joint Broker)	Tel: [phone]
Matthew Armitt Ross Allister
Mirabaud Securities LLP (Joint Broker)	Tel: [phone]
Peter Krens
Bell Pottinger Greg Wood Aart Iyer	Tel: [phone]
Richard Crowley

 

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