Grant of Options

RNS Number : 9324C

Central Asia Metals PLC

09 May 2012

 



 

 

9 May 2012

CENTRAL ASIA METALS PLC

(the "Company")

Grant of Options

The Company (AIM:CAML) announces that, on 8 May 2012, the following nominal cost options ("Options") at a nominal exercise price of $0.01 per share over ordinary shares in the Company, were granted to Directors of the Company. Each option is exercisable in return for one ordinary share.

Name	Position	Options Granted	Total Options Post Grant
Nick Clarke	Chief Executive Officer	219,298	436,689
Nigel Robinson	Chief Financial Officer	164,473	352,878
Howard Nicholson	Technical Director	164,473	352,878
Nurlan Zhakupov	Non-Executive Director	100,000	100,000

These Options, which have been granted under the Company's share schemes, will generally vest at the rate of one-third per annum subject, in the cases of the executive Directors, to the satisfaction of certain performance conditions. The options have a maximum term of 10 years from the date of grant, subject to any earlier lapsing under the rules of the Company's share schemes.

For further information:

Central Asia Metals PLC                                                                  Tel: [phone]

Company Secretary                                                                                       

Tony Hunter   

Canaccord Genuity Limited                Andrew Chubb                        Tel: [phone]
                                                            Rob Collins

Mirabaud Securities LLP                     Peter Krens                             Tel: [phone]

Pelham Bell Pottinger                         Charles Vivian                         Tel: [phone]
                                                            Lorna Spears

 

END

 

 

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