Purchase of Shares and Option Exercise by Director

Central Asia Metals PLC
26 September 2023
 

Background pattern Description automatically generated with low confidence

 

26 September 2023

 

CENTRAL ASIA METALS PLC

('CAML' or the 'Company')

Purchase of Shares and Option Exercise by Director

The Company (AIM:CAML) was notified on 25 and 26 September 2023 that Mr Gavin Ferrar, Chief Financial Officer of the Company, undertook the following dealings in the Company's ordinary shares of US$0.01 each ('Shares'):

 

 

1.   Purchase of Shares

 

Mr Ferrar purchased 6,816 Shares on 25 September 2023 at a price of £2.053747 per Share; and 3,112 Shares on 26 September 2023 at price of £2.09195 per Share. The Shares were purchased on the open market.

 

Following these acquisitions, Mr Ferrar owns a total of 9,928 Shares.

 

2.   Exercise of Options

 

Mr Ferrar exercised nominal cost options over Shares on 25 September 2023 at an exercise price of US$0.01 per the table below. The option exercise was settled by the Company in cash at £2.0408027 per Share in accordance with the Rules of the Central Asia Metals plc Employee Share Plan 2011 (as amended) (the "Plan"). Under the Plan, the cash settlement is calculated as 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 and Mr Ferrar's number of options outstanding has reduced by 203,442 as shown below.

 

Name

Position

Number of options over Shares exercised1

 

Total options remaining post exercise2

Gavin Ferrar

Chief Financial Officer

203,442

663,266

1 includes accrued dividends

2 before any adjustments for accrued dividends

 

For further information contact:

Central Asia Metals

 

Tony Hunter, Company Secretary

Tel: +44 (0) 20 7603 1515

Louise Wrathall, Director of Corporate Development

louise.wrathall@centralasiametals.com

 

 

Peel Hunt (Nominated Adviser and Joint Broker)

Tel: +44 (0) 20 7418 8900

Ross Allister

 

David McKeown

 

 

 

BMO Capital Markets (Joint Broker)

Tel: +44 (0) 20 7236 1010

Thomas Rider

 

Pascal Lussier Duquette

 

 

 

BlytheRay (PR Advisors)

Tel: +44 (0) 20 7138 3204

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

Gavin Ferrar

2.

Reason for the Notification

a)

Position/status

 Chief Financial 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

Acquisition of Shares

c)

Price(s) and volume(s)

Price(s)

  £2.053747

Volume(s)

6,816

 

 

d)

Aggregated information

-            Aggregated volume

-            Price

 

6,816

£13,998.34

e)

Date of the transaction

25 September 2023

f)

Place of the transaction

XLON

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Gavin Ferrar

2.

Reason for the Notification

a)

Position/status

 Chief Financial 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

Acquisition of Shares

c)

Price(s) and volume(s)

Price(s)

  £2.09195

Volume(s)

3,112

 

 

d)

Aggregated information

-            Aggregated volume

-            Price

 

3,112

£6,510.15

e)

Date of the transaction

26 September 2023

f)

Place of the transaction

XLON

 

 

1.

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name

Gavin Ferrar

 

2.

Reason for the Notification

 

a)

Position/status

 Chief Financial 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 £2.0408027 per Share.

 

c)

Price(s) and volume(s)

Price(s)

  £2.0408027

Volume(s)

203,442

 

 

d)

Aggregated information

 

-      Aggregated volume

 

-      Price

 

 

203,442

 

£415,184.98

 


e)

Date of the transaction

25 September 2023

 

f)

Place of the transaction

Outside a trading venue

 

 

 

 

 

 

 

Graphical user interface Description automatically generated with medium confidence

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
UK 100