Allotment and issue of shares

RNS Number : 1720N

Central Asia Metals PLC

24 July 2014

 



24 July 2014

CENTRAL ASIA METALS PLC

("CAML" or the "Company")

Allotment and Issue of Shares

Central Asia Metals plc (AIM: CAML), announces that the Company has allotted and issued 3,500,000 ordinary shares of US$ 0.01 each to the trustee of the Central Asia Metals Limited Share Trust (the "Employee Benefit Trust").  These ordinary shares are being issued with a view to satisfying current awards granted under the Company's Employee Share Plans together with any future awards that may be granted by the Company.  Currently, there are outstanding rights under such plans to acquire up to 2,702,504 ordinary shares. Under the Trust deed the trustee must waive dividends and refrain from voting, unless the Board directs otherwise.

Application has been made to the London Stock Exchange for the new ordinary shares to be admitted to trading on AIM. The new ordinary shares will rank pari passu with the existing issued ordinary shares of the Company. It is expected that admission will become effective and that trading in the new ordinary shares will commence at or around 8.00 am on 29 July 2014.

As a result, the Company's enlarged issued share capital will comprise of 110,401,610 ordinary shares of US$0.01 each with voting rights excluding 736,075 shares held in treasury. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

For further information please contact:

Central Asia Metals plc Tony Hunter Company Secretary	Tel: [phone]
Peel Hunt LLP (Nominated Adviser & Joint Broker)	Tel: [phone]
Matthew Armitt Ross Allister
Mirabaud Securities LLP (Joint Broker)	Tel: [phone]
Peter Krens
Bell Pottinger	Tel: [phone]
Mark Antelme Lorna Cobbett

 

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