Share Repurchase Programme

RNS Number : 9727I

Central Asia Metals PLC

31 July 2012

 



31 July 2012

Central Asia Metals PLC

("CAML" or the "Company")

Share Repurchase Programme

Central Asia Metals PLC (AIM:CAML), announces that, further to its announcement of 2 July 2012, on Thursday, 26 July 2012, it put in place an irrevocable programme for the purchase of its Ordinary Shares during close periods. 

The repurchases, to be made under the Company's existing share buy-back programme (the "Buy-Back"), will be managed during the close period by a third party which makes its trading decisions in relation to the Company's securities independently of, and uninfluenced by, the Company.

Any purchases pursuant to these arrangements will be carried out within certain pre-set parameters and in accordance with the AIM Rules, other applicable laws and the limitations of the repurchase authority approved at the last Annual General Meeting of shareholders.

Following the announcement of the Buy-Back, the Company has, to date, purchased a total of 448,998 shares under the Buy-Back and, as such, the maximum number of shares permitted to be purchased under the Buy-Back is now 3,851,002 Ordinary Shares.

All other terms of the Buy-Back will be as previously announced on 2 July 2012.

Enquiries:

Central Asia Metals plc                               Nick Clarke                       [phone]

                                                                              Nigel Robinson                

Canaccord Genuity Limited                        Andrew Chubb                 [phone]
Rob Collins

Mirabaud Securities LLP                               Peter Krens                       [phone]

Pelham Bell Pottinger                                   Charles Vivian                   [phone]

 Lorna Spears     

 

END

 

 

POSEFLFXLDFXBBK