Option Exercise by Directors

Central Asia Metals PLC

23 May 2024

 

23 May 2024

CENTRAL ASIA METALS PLC

('CAML' or the 'Company')

Option Exercise by Directors

The Company (AIM:CAML) was notified today that, Nick Clarke, Non-Executive Chairman, Nigel Robinson, Chief Executive Officer and Louise Wrathall, Director of Corporate Development of the Company exercised nominal cost options under the Central Asia Metals Employee Share Plan 2011 ("the Plan") over ordinary shares of US$0.01 each ('Shares') in the Company at an exercise price of US$0.01, as set out in the table below. The option exercise was settled by the Company in cash at £2.2206 per Share. Under the Plan, the cash settlement price is calculated from the difference between the average of the middle-market quotations (from the Daily Official List of the London Stock Exchange) for the preceding five days and the exercise price of US$0.01. No actual Shares were sold or acquired in this process.

Name	Position	Number of options over Shares exercised1	Total options remaining post exercise2
Nick Clarke	Non-Executive Chairman	588,209	986,695
Nigel Robinson	Chief Executive Officer	657,749	1,395,174
Louise Wrathall	Director of Corporate Development	137,891	530,670

¹ includes accrued dividends

² before any adjustments for accrued dividends

For further information contact:

Central Asia Metals
Tony Hunter, Company Secretary	Tel: [phone]
Louise Wrathall, Director of Corporate Development	[e-mail]
Peel Hunt (Nominated Adviser and Joint Broker)	Tel: [phone]
Ross Allister
David McKeown
Georgia Langoulant
BMO Capital Markets (Joint Broker)	Tel: [phone]
Thomas Rider
Pascal Lussier Duquette
BlytheRay (PR Advisors)	Tel: [phone]
Tim Blythe
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 and 100% of the Sasa zinc-lead mine in North Macedonia.

For further information, please visit www.centralasiametals.com and follow CAML on X at @CamlMetals and on LinkedIn at Central Asia Metals Plc.

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Nick Clarke
2.	Reason for the Notification
a)	Position/status	Non-Executive Chairman
b)	Initial notification/amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Central Asia Metals plc
b)	LEI	213800EYQBJZIT64NH43
4.	Details of the transaction(s):section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv)each place where transactions have been conducted
a)	Description of the Financial instrument, type of instrument	Ordinary shares of US$0.01 each
	Identification code	GB00B67KBV28
b)	Nature of the Transaction	Exercise of nominal cost options over ordinary Shares in the Company under the Central Asia Metals Employee Share Plan 2011 (as amended) cash settled at an exercise price of £2.2206 per Share.
c)	Price(s) and volume(s)	Price(s)   £2.2206 Volume(s) 588,209
d)	Aggregated information -      Aggregated volume -      Price	588,209 £1,306,176.91
e)	Date of the transaction	23 May 2024
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Nigel Robinson
2.	Reason for the Notification
a)	Position/status	Chief Executive Officer
b)	Initial notification/amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Central Asia Metals plc
b)	LEI	213800EYQBJZIT64NH43
4.	Details of the transaction(s):section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv)each place where transactions have been conducted
a)	Description of the Financial instrument, type of instrument	Ordinary shares of US$0.01 each
	Identification code	GB00B67KBV28
b)	Nature of the Transaction	Exercise of nominal cost options over ordinary Shares in the Company under the Central Asia Metals Employee Share Plan 2011 (as amended) cash settled at an exercise price of £2.2206 per Share.
c)	Price(s) and volume(s)	Price(s)   £2.2206 Volume(s) 657,749
d)	Aggregated information -      Aggregated volume -      Price	657,749 £1,460,597.43
e)	Date of the transaction	23 May 2024
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Louise Wrathall
2.	Reason for the Notification
a)	Position/status	Director of Corporate Development
b)	Initial notification/amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Central Asia Metals plc
b)	LEI	213800EYQBJZIT64NH43
4.	Details of the transaction(s):section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv)each place where transactions have been conducted
a)	Description of the Financial instrument, type of instrument	Ordinary shares of US$0.01 each
	Identification code	GB00B67KBV28
b)	Nature of the Transaction	Exercise of nominal cost options over ordinary Shares in the Company under the Central Asia Metals Employee Share Plan 2011 (as amended) cash settled at an exercise price of £2.2206 per Share.
c)	Price(s) and volume(s)	Price(s)   £2.2206 Volume(s) 137,891
d)	Aggregated information -      Aggregated volume -      Price	137,891 £306,200.75
e)	Date of the transaction	23 May 2024
f)	Place of the transaction	Outside a trading venue

 

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