Share Pledge by a Director

RNS Number : 3931E

Central Asia Metals PLC

05 May 2017

 

5 May 2017

CENTRAL ASIA METALS PLC

("CAML" or the "Company")

 Share Pledge by a Director

Further to the announcement made on 13 April 2017, Central Asia Metals plc (AIM: CAML) announces that it was today notified that on 28 April 2017 Mr Kenges Rakishev, a Non-Executive Director of the Company, granted security over 10,605,875 ordinary shares of US$0.01 each in the capital of the Company held by Kenges Rakishev in favour of CBH Europe Limited.

There is no change in Mr Rakishev's beneficial shareholding in the Company and he continues to have an interest and voting rights in 21,211,751 ordinary shares representing approximately 19.01% of the issued share capital of the Company.

For further information contact:

Central Asia Metals plc	Tel: [phone]
Nick Clarke, Executive Chairman Nigel Robinson, CFO Louise Wrathall, Investor Relations [e-mail]
Peel Hunt (Nominated Adviser & Joint Broker)	Tel: [phone]
Matthew Armitt Ross Allister
Mirabaud Securities (Joint Broker)	Tel: [phone]
Peter Krens
Bell Pottinger (PR Advisers)	Tel: [phone]
Lorna Cobbett Aarti Iyer Marianna Bowes

Note to editors:

Central Asia Metals, an AIM-listed UK company based in London, owns 100% of the Kounrad SX-EW copper project in Kazakhstan. The Company also 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. In November 2016, Central Asia Metals signed a framework agreement to acquire an effective 80% interest in the Shuak copper exploration property in northern Kazakhstan. For further information, please visit www.centralasiametals.com.

Form for Notification and Public Disclosure of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them:  

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mr Kenges Rakishev
2	Reason for the notification
a)	Position/status	Mr Rakishev is a Non-Executive Director of the company and a PDMR
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer
a)	Name	Central Asia Metals Plc ("CAML")
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	Shares (GB00B67KBV28)
b)	Nature of the transaction	Grant of a charge over shares held in the name of Mr Kenges Rakishev in a broking account with CBH Europe Limited ("CBH") pursuant to a general charge agreement between Mr Rakishev and CBH dated 26 April 2017 and effective upon the deposit of the charged shares into CBH's broking account in the name of Mr Rakishev, which occurred on 28 April 2017. The general charge agreement was entered into pursuant to a framework credit agreement made between Mr Rakishev as borrower and CBH as creditor on 26 April 2017. Following the charging of the shares, Mr Kenges Rakishev's beneficial interest in CAML remains unchanged.
c)	Price(s) and volume(s)	Price(s) Volume(s) NIL 10,605,875
d)	Aggregated information- Aggregated volume - Price	Not applicable - single transaction
e)	Date of the transaction /Place of the transaction	28 April 2017 / Outside a trading venue

 

END

 

 

DSHQELFBDEFEBBV