Grant of Options

RNS Number : 1729K

Central Asia Metals PLC

25 July 2013

 



 

25 July 2013

CENTRAL ASIA METALS PLC

(the "Company")

Grant of Options

The Company (AIM:CAML) announces that, on 24 July 2013, 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	110,403	547,092
Nigel Robinson	Chief Financial Officer	70,063	422,941
Howard Nicholson	Technical Director	70,063	422,941

These Options, which have been granted under the Central Asia Metals Employee Share Plan 2011, will generally vest at the rate of one-third per annum subject 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 Central Asia Metals Employee Share Plan 2011.

For further information:

Central Asia Metals PLC                                                                  Tel: [phone]

Company Secretary                                                                                       

Tony Hunter   

Canaccord Genuity Limited                Andrew Chubb                        Tel: [phone]
                                                            Chris Fincken

Mirabaud Securities LLP                     Peter Krens                             Tel: [phone]

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

 

END

 

 

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