Exercise of Options

RNS Number : 2319A

Central Asia Metals PLC

20 January 2020

 

20 January 2020

CENTRAL ASIA METALS PLC

('CAML' or the 'Company')

Exercise of Options/PDMR Dealing Notification and Transaction in Own Shares

The Company (AIM:CAML) has been notified that, on 17 January 2020, two of its Directors 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 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
Gavin Ferrar	Chief Financial Officer	300,000	300,000	£2.220378	521,276	The Central Asia Metals  Employee Share Plan 2011 (as amended)
Nurlan Zhakupov	Non-Executive Director	40,000	40,000	£2.242500	142,859	The Central Asia Metals Non-Executive Director Share Plan 2012 (as amended)

¹ includes accrued dividends

² before any adjustments for accrued dividends

The exercise of Mr Ferrar's options was satisfied by 300,000 Shares from the Central Asia Metals employee benefit trust.

The exercise of Mr Zhakupov's options was satisfied by 40,000 of the Company's Shares from treasury.

As a result, the Company currently holds 471,647 Shares in treasury. The total number of voting rights in the Company is 176,026,619. This figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

For further information contact:

Central Asia Metals
Tony Hunter, Company Secretary	Tel: [phone]
Peel Hunt (Nominated Advisor and Joint Broker)	Tel: [phone]
Ross Allister
David McKeown
BMO Capital Markets (Joint Broker)	Tel: [phone]
Thomas Rider
Neil Elliot
Blytheweigh (PR Advisors)	Tel: [phone]
Tim Blythe
Camilla Horsfall
Megan Ray

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 100% of the Sasa zinc-lead mine in North Macedonia.

For further information, please visit:  www.centralasiametals.com and https://twitter.com/CamlMetals

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) at a nominal exercise price of $0.01 per Share and sale of the resulting Shares.
c)	Price(s) and volume(s)	Exercise Price(s)   US$0.01 Volume(s) 300,000 Sale Price(s) £2.220378 Volume(s) 300,000
d)	Aggregated information Aggregated volume Price	See above
e)	Date of the transaction	17 January 2020
f)	Place of the transaction	XLON

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Nurlan Zhakupov
2.	Reason for the Notification
a)	Position/status	Non-Executive Director
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 Non-Executive Director Share Plan 2012 (as amended) at a nominal exercise price of $0.01 per Share and sale of the resulting Shares.
c)	Price(s) and volume(s)	Exercise Price(s)   US$0.01 Volume(s) 40,000 Sale Price(s) £2.242500 Volume(s) 40,000
d)	Aggregated information Aggregated volume Price	See above
e)	Date of the transaction	17 January 2020
f)	Place of the transaction	XLON

 

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