Exercise of Options and Transaction in Own Shares

RNS Number : 6718M

Central Asia Metals PLC

17 July 2014

 



17 July 2014

CENTRAL ASIA METALS PLC

("CAML" or the "Company")

Exercise of Share Options by a Director and Transaction in Own Shares

Central Asia Metals plc (AIM: CAML), has been notified by Nigel Robinson, Chief Financial Officer of the Company, that he has today exercised options over 269,737 ordinary shares of US$0.01 each ("Shares") in the Company at an exercise price of US$0.01 per Share and that he has today sold the resulting 269,737 Shares at an average price of 160.11 pence per Share, in part to settle the tax liabilities arising on exercise. 

Following these transactions, Mr Robinson has an interest in a total of 646,715 Ordinary Shares jointly owned with the Employee Benefit Trust, representing approximately 0.6 per cent of the issued share capital of the Company.

The Company has transferred 269,737 of its Shares from treasury for the purpose of satisfying the foregoing exercise of share options.

As a result, the Company currently holds 770,473 Shares in treasury. The total number of voting rights in the Company is 106,867,212. This figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to 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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