Grant of Long-Term Share Awards

Central Asia Metals PLC
10 April 2024
 

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10 April 2024

 

CENTRAL ASIA METALS PLC

('CAML' or the 'Company')

Grant of Long-Term Share Awards

Central Asia Metals plc (AIM:CAML) announces that, on 9 April 2024, the following nominal cost long-term share awards ("LTIP Awards") over ordinary shares in the Company at an exercise price of $0.01 per share, were granted to Executive Directors of the Company under the Central Asia Metals Long-Term Incentive Plan 2022. Each LTIP Award is exercisable in return for one ordinary share.

 

Name

Position

LTIP Awards Granted1

Total LTIP Awards Post Grant2

Nigel Robinson

Chief Executive Officer

311,342

1,793,346

Gavin Ferrar

Chief Financial Officer

254,734

918,000

Louise Wrathall

Director of Corporate Development

211,797

633,768

1 vesting of these awards is subject to the achievement of certain performance conditions

2 before any adjustments for accrued dividends

 

These LTIP Awards will generally vest on 31 March 2027 subject to the achievement of performance conditions to align with CAML's understanding of long-term shareholder expectations. The performance conditions comprise:

 

- a 75% component achieved by relative total shareholder return ('TSR') versus CAML's peer group

 

- a 25% component related to achievement of CAML's long-term sustainability targets.

 

The Awards have a maximum term of 10 years from the date of grant, subject to any earlier lapsing under these rules.

 

For further information contact:

Central Asia Metals

 

Tony Hunter, Company Secretary

Tel: +44 (0) 20 7603 1515

Louise Wrathall, Director of Corporate Development

louise.wrathall@centralasiametals.com

 

 

Peel Hunt (Nominated Adviser and Joint Broker)

Tel: +44 (0) 20 7418 8900

Ross Allister

 

David McKeown

 

Georgia Langoulant

 

 

 

BMO Capital Markets (Joint Broker)

Tel: +44 (0) 20 7236 1010

Thomas Rider

 

Pascal Lussier Duquette

 

 

 

BlytheRay (PR Advisors)

Tel: +44 (0) 20 7138 3204

Tim Blythe

 

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. The CAML Exploration subsidiary was recently formed to progress early exploration opportunities in Kazakhstan.

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

Grant of nominal cost long-term share awards over ordinary shares in the Company at an exercise price of $0.01 per share.

c)

Price(s) and volume(s)

Price(s)

$0.01

Volume(s)

 311,342



d)

Aggregated information

Aggregated volume Price

N/A (Single transaction)

e)

Date of the transaction

09/04/2024

f)

Place of the transaction

Outside a trading venue

 

 

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

Grant of nominal cost long-term share awards over ordinary shares in the Company at an exercise price of $0.01 per share.

c)

Price(s) and volume(s)

Price(s)

$0.01

Volume(s)

 254,734



d)

Aggregated information

Aggregated volume Price

N/A (Single transaction)

e)

Date of the transaction

09/04/2024

f)

Place of the transaction

Outside a trading venue

 

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Louise Wrathall

2.

Reason for the Notification

a)

Position/status

Director of Corporate Development

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

Grant of nominal cost long-term share awards over ordinary shares in the Company at an exercise price of $0.01 per share.

c)

Price(s) and volume(s)

Price(s)

$0.01

Volume(s)

 211,797



d)

Aggregated information

Aggregated volume Price

N/A (Single transaction)

e)

Date of the transaction

09/04/2024

f)

Place of the transaction

Outside a trading venue

 

 

 

 

 

 

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