Grant of Options

RNS Number : 5612V

Central Asia Metals PLC

19 April 2016

 

19 April 2016

CENTRAL ASIA METALS PLC

(the "Company")

Grant of Options

The Company (AIM:CAML) announces that, on 18 April 2016, 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	227,312	886,122
Nigel Robinson	Chief Financial Officer	147,605	473,751
Howard Nicholson	Technical Director	147,605	510,460

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 2017. 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]
Greg Wood Aarti Iyer Richard Crowley

 

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