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

Central Asia MetalsAnnouncement

09/05/2016 08:00

RNS Number : 5740X
Central Asia Metals PLC
09 May 2016
9 May 2016
CENTRAL ASIA METALS PLC
("CAML" or the "Company")
Exercise of Options and Directors' Dealings
Central Asia Metals plc (AIM: CAML) was on 6 May 2016 notified that, on the same day, Mr Nick Clarke, Chief Executive Officer of the Company, Mr Nigel Robinson, Chief Financial Officer of the Company, and Mr Howard Nicholson, Technical Director 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 per the table below. 
The exercise was settled by the Company in cash at 176.16p per Share in accordance with the Rules of the Central Asia Metals plc Employee Share Plan 2011 (as amended) (the "Plan"). Under the Plan, the cash settlement is calculated as the difference between the average of the middle-market quotations (from the Daily Official List of the London Stock Exchange) for the preceding five days and the exercise price of US$0.01. No actual Shares were acquired or sold in this process.
Director
Number of options over Shares exercised
Total number of Shares held following transaction (jointly owned with the Company's Employee Benefit Trust (the "EBT")
% of Company's Issued Capital (excluding treasury shares)
Nick Clarke
261,840
1,342,887
1.2%
Nigel Robinson
206,808
646,715
0.6%
Howard Nicholson 
248,970
446,715
0.4%
Central Asia Metals plc
Tony Hunter
Company Secretary
Tel:+44 (0) 207 603 1515


Peel Hunt LLP (Nominated Adviser & Joint Broker)
Tel: +44 (0)20 7418 8900
Matthew Armitt
Ross Allister



Mirabaud Securities LLP (Joint Broker)
Tel: +44 (0)20 7878 3362
Peter Krens



Bell Pottinger
Greg Wood
Aart Iyer
Tel: +44 (0)20 3772 2500
Richard Crowley


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