Intended Transaction and Suspension of Trading

RNS Number : 6627P

Central Asia Metals PLC

04 September 2017

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

INSIDE INFORMATION

This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation.

4 September 2017

CENTRAL ASIA METALS PLC

("CAML", or the "Company")

Intended Transaction and Suspension of Trading

In the light of a press enquiry, the Directors of CAML confirm that they are in advanced talks with a third party which may lead to a transaction.

If undertaken, the intended transaction would be classified as a reverse takeover in accordance with the AIM Rules for Companies.  Accordingly, at the request of the Company, CAML's shares are suspended from trading on AIM with immediate effect and will remain so until either the publication of an admission document setting out, inter alia, details of the intended transaction or until confirmation is given that these discussions have ceased.

The Directors will make further announcements in the coming weeks if, and when, they become appropriate.

There can be no certainty that the intended transaction will proceed.

Enquiries:

Central Asia Metals plc                                                                    Tel: [phone]

Nick Clarke, Executive Chairman

Nigel Robinson, Chief Financial Officer

Gavin Ferrar, Business Development Director

Louise Wrathall, Investor Relations

[e-mail]             

J.P. Morgan Cazenove                                                                    Tel: [phone]

(Financial Adviser to CAML)          

Barry Weir                                                                                          

Edward Jack

Andrew Coates

Peel Hunt                                                                                           Tel: [phone]

(Nominated Adviser and Joint Broker to CAML) 

Matthew Armitt                                                                                   

Ross Allister

Chris Burrows

Blytheweigh                                                                                      Tel: [phone]

(PR Adviser to CAML)         

Tim Blythe                                                                                          

Camilla Horsfall

Megan Ray                                         

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. The Company also owns 80% of the Shuak copper exploration property in northern Kazakhstan. In addition, Central Asia Metals has a 75% equity interest in Copper Bay Ltd, which is a private company that has conducted a definitive feasibility study at its copper project in Chañaral Bay, Chile. For further information, please visit www.centralasiametals.com.

Further Information

J.P. Morgan Securities plc, which conducts its UK investment banking business as J.P. Morgan Cazenove ("J.P. Morgan Cazenove"), is authorised by the Prudential Regulatory Authority and regulated by the Financial Conduct Authority and the Prudential Regulatory Authority in the United Kingdom. J.P. Morgan Cazenove is acting as financial adviser exclusively for CAML and no one else in connection with the matters set out in this announcement and will not regard any other person as its client in relation to the matters in this announcement and will not be responsible to anyone other than CAML for providing the protections afforded to clients of J.P. Morgan Cazenove or its affiliates, or for providing advice in relation to any matter referred to herein.

Peel Hunt LLP ("Peel Hunt"), is authorised and regulated in the United Kingdom by the Financial Conduct Authority. Peel Hunt is acting as nominated adviser and broker exclusively for CAML and no one else in connection with the matters set out in this announcement and will not regard any other person as its client in relation to the matters in this announcement and will not be responsible to anyone other than CAML for providing the protections afforded to clients of Peel Hunt or its affiliates, or for providing advice in relation to any matter referred to herein.

Ends

 

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