Company Announcements

Exercise of Options/PDMR Dealing Notification

Source: RNS
RNS Number : 6113L
Central Asia Metals PLC
14 January 2021
 

14 January 2021

 

CENTRAL ASIA METALS PLC

('CAML' or the 'Company')

Exercise of Options/PDMR Dealing Notification

The Company (AIM:CAML) was notified on 13 January 2021 that, Mr Gavin Ferrar, Chief Financial Officer of the Company exercised nominal cost options over ordinary shares of US$0.01 each ('Shares') in the Company at an exercise price of US$0.01 and, on the same day, sold the resulting shares, in part to settle the tax liabilities arising on the exercise, as shown in the table below:

 

Name

Position

Number of options over Shares exercised1

Number of Shares sold

Aggregate price achieved

 

Total options remaining post exercise2

Share plan

Gavin Ferrar

Chief Financial Officer

330,000

330,000

£2.489

452,973

The Central Asia Metals  Employee Share Plan 2011 (as amended)

1 includes accrued dividends

2 before any adjustments for accrued dividends

The exercise of Mr Ferrar's options was satisfied by 330,000 Shares from the Central Asia Metals employee benefit trust.

 

For further information contact:

Central Asia Metals

 

Tony Hunter, Company Secretary

Tel: +44 (0) 20 7603 1515

Louise Wrathall, Director of Corporate Relations

Tel:+44 (0) 20 7898 9001

louise.wrathall@centralasiametals.com


 

Peel Hunt (Nominated Advisor 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

 

 

 

Blytheweigh (PR Advisors)

Tel: +44 (0) 20 7138 3204

Tim Blythe

 

Megan Ray

 

Rachael Brooks

 

 

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 the Sasa zinc-lead mine in North Macedonia.

For further information, please visit www.centralasiametals.com and follow CAML on Twitter 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

1.    Exercise of nominal cost options over ordinary Shares in the Company under the Central Asia Metals Employee Share Plan 2011 (as amended) at a nominal exercise price of $0.01 per Share, and

2.    Sale of the resulting Shares.

 

c)

Price(s) and volume(s)

Exercise of options

 

Price(s)

  US$0.01

Volume(s)

330,000

Sale of shares resulting from option exercise

 

Price(s)

£2.489

Volume (s)

330,000

 

d)

Aggregated information

 

-      Aggregated volume

 

-      Price

Transaction type

Aggregated Volume(s)

Price(s)

 

 

Exercise of options

330,000

$3,300

 

Sale of shares resulting from option exercise

330,000

£821,370

 

e)

Date of the transaction

13 January 2021

 

f)

Place of the transaction

XLON

 

 

 

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