Grant of Long-Term Share Awards

RNS Number : 4265F

Central Asia Metals PLC

16 July 2021

 

16 July 2021

CENTRAL ASIA METALS PLC

("CAML" or the "Company")

Grant of Long-Term Share Awards

Central Asia Metals plc (AIM:CAML) announces that, on 15 July 2021, the following nominal cost long-term share awards ("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 Employee Share Plan 2011. Each Award is exercisable in return for one ordinary share.

Name	Position	Awards Granted1	Total Awards Post Grant2
Nigel Robinson	Chief Executive Officer	227,367	1,107,622
Gavin Ferrar	Chief Financial Officer	186,877	639,850

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

² before any adjustments for accrued dividends

These Awards will generally vest on 31 March 2024 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: [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	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)  227,367
d)	Aggregated information Aggregated volume Price	N/A (Single transaction)
e)	Date of the transaction	15 July 2021
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)   186,877
d)	Aggregated information Aggregated volume Price	N/A (Single transaction)
e)	Date of the transaction	15 July 2021
f)	Place of the transaction	Outside a trading venue

 

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