REG - Central Asia Metals - Allotment and Issue of Shares

Central Asia MetalsAnnouncement

23/09/2022 07:30

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RNS Number : 3822A  Central Asia Metals PLC  23 September 2022

23 September 2022

 

CENTRAL ASIA METALS PLC

("CAML" or the "Company")

 

Allotment and Issue of Shares

 

Central Asia Metals plc (AIM: CAML), announces that the Company has issued and
allotted 5,600,000 ordinary shares of US$0.01 each in the Company (the "New
Ordinary Shares") to the trustee of the Central Asia Metals employee benefit
trust (the "EBT").  These New Ordinary Shares have been issued for the
purposes of 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 6,500,000 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 5,600,000 New
Ordinary Shares to be admitted to trading on AIM ("Admission"). 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 27
September 2022.

Following the issue of the New Ordinary Shares, the Company's issued share
capital will comprise 182,098,266 ordinary shares of US$0.01 each. The Company
holds 471,647 shares in treasury. The total number of voting rights in the
Company is therefore 181,626,619. 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
Guidance and Transparency Rules.

 

For further information contact:

 Central Asia Metals
 Tony Hunter, Company Secretary                      Tel: +44 (0) 20 7603 1515
 Louise Wrathall, Director of Corporate Development  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

 BlytheRay (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.

 

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