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: [phone]
Louise Wrathall, Director of Corporate Relations	Tel:[phone] [e-mail]
Peel Hunt (Nominated Advisor and Joint Broker)	Tel: [phone]
Ross Allister
David McKeown
BMO Capital Markets (Joint Broker)	Tel: [phone]
Thomas Rider
Blytheweigh (PR Advisors)	Tel: [phone]
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

 

END

 

 

DSHBXBDDXGDDGGD