REG - Central Asia Metals - Allotment and issue of shares <Origin Href="QuoteRef">CAML.L</Origin>

Central Asia MetalsAnnouncement

06/09/2014 20:29

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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 plcTony HunterCompany Secretary  Tel: +44 (0) 207 603 1515  
                                                      
                                                      
 Peel Hunt LLP (Nominated Adviser & Joint Broker)     Tel: +44 (0) 20 7418 8900  
 Matthew ArmittRoss Allister                                                     
                                                                                 
 Mirabaud Securities LLP (Joint Broker)               Tel: +44 (0) 20 7878 3362  
 Peter Krens                                                                     
                                                                                 
 Bell Pottinger                                       Tel: +44 (0) 20 7861 3232  
 Mark AntelmeLorna Cobbett                                                       
 
 
This information is provided by RNS
The company news service from the London Stock Exchange