Exercise of Options/PDMR Dealing Notification

RNS Number : 2195P

Central Asia Metals PLC

17 June 2022

 

17 June 2022

CENTRAL ASIA METALS PLC

('CAML' or the 'Company')

Exercise of Options/PDMR Dealing Notification

The Company (AIM:CAML) was notified on 16 June 2022 that, on the same day, Mr Gavin Ferrar, its Chief Financial Officer, 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 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 price per Share 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, therefore Mr Ferrar's options were satisfied at a price of £2.5307 per Share.  No actual Shares were acquired or sold in this process.

Name	Position	Number of options over Shares exercised1	Total options remaining post exercise2
Gavin Ferrar	Chief Financial Officer	226,612	395,963

¹ includes accrued dividends

² before any adjustments for accrued dividends

For further information contact:

Central Asia Metals
Tony Hunter, Company Secretary	Tel: [phone]
Louise Wrathall, Director of Corporate Development	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
Pascal Lussier Duquette
BlytheRay (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	Gavin Ferrar
2.	Reason for the Notification
a)	Position/status	Chief Financial 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	Exercise of nominal cost options over ordinary Shares in the Company under the Central Asia Metals Employee Share Plan 2011 (as amended) cash settled at an exercise price of £[xx] per Share.
c)	Price(s) and volume(s)	Price(s)   £2.5307  Volume(s) 226,612
d)	Aggregated information -  Aggregated volume -  Price	N/A single transaction
e)	Date of the transaction	16/06/2022
f)	Place of the transaction	XLON

 

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