REG - Central Asia Metals - Exercise of Options and Directors' Dealings <Origin Href="QuoteRef">CAML.L</Origin>

Central Asia MetalsAnnouncement

29/10/2014 14:08

RNS Number : 0575V
Central Asia Metals PLC
22 October 2014
22 October 2014
CENTRAL ASIA METALS PLC
("CAML" or the "Company")
Exercise of Options and Directors' Dealings
Central Asia Metals plc (AIM:CAML) has been notified that, Mr Nick Clarke, Chief Executive Officer of the Company, and Mr Howard Nicholson, Technical Director of the Company, have today exercised options over ordinary shares of US$0.01 each ("Shares") in the Company at an exercise price of US$0.01 per Share. Mr Clarke and Mr Nicholson have today sold the resulting Shares, in part to settle the tax liabilities arising on exercise, per the table below:
Director
Number of options over Shares exercised
Number of Shares sold
Average price of Shares sold
Total number of Shares held following transaction (jointly owned with the Company's Employee Benefit Trust (the "EBT")
% of Company's Issued Capital
Nick Clarke
400,000
400,000
159 pence
1,342,887
1.2%
Howard Nicholson 
377,764
377,764
159 pence
446,715
0.4%
The exercise of these options will be satisfied by the transfer of Shares from the EBT.
Enquiries:
Central Asia Metals plcTony Hunter +44 (0) 207 603 1515
Company Secretary
Peel Hunt LLP Matthew Armitt +44 (0)20 7418 8900
Ross Allister
Mirabaud Securities LLPPeter Krens +44 (0)20 7878 3362
Bell PottingerLorna Cobbett +44 (0)20 3772 2500
Marianna Bowes 

This information is provided by RNS
The company news service from the London Stock Exchange
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