Grant of Options

RNS Number : 8164T

Central Asia Metals PLC

09 October 2014

 



09 October 2014

CENTRAL ASIA METALS PLC

(the "Company")

Grant of Options

The Company (AIM:CAML) announces that, on 8 October 2014, the following nominal cost options ("Options") over ordinary shares in the Company at a nominal exercise price of $0.01 per share, were granted to executive 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	160,000	846,689
Nigel Robinson	Chief Financial Officer	100,000	367,626
Howard Nicholson	Technical Director	100,000	602,878

The Options to the executive Directors have been granted under the Central Asia Metals Employee Share Plan 2011. These Options will generally vest, subject to the achievement of certain performance conditions, at the rate of one-third per annum commencing on 31 March 2015. The Options have a maximum term of 10 years from the date of grant, subject to any earlier lapsing under these rules.

For further information:

Central Asia Metals plc Tony Hunter Company Secretary	Tel: [phone]
Peel Hunt LLP (Nominated Adviser & Joint Broker)	Tel: [phone]
Matthew Armitt Ross Allister
Mirabaud Securities LLP (Joint Broker)	Tel: [phone]
Peter Krens
Bell Pottinger	Tel: [phone]
Mark Antelme Lorna Cobbett

 

END

 

 

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