REG - Central Asia Metals - Exercise of Options/PDMR Dealing Notification

Central Asia MetalsAnnouncement

22/12/2020 13:10

RNS Number : 5615J
  
Central Asia Metals PLC
  
22 December 2020
  
 

22 December 2020
 
CENTRAL ASIA METALS PLC
('CAML' or the 'Company')
Exercise of Options/PDMR Dealing Notification 
The Company (AIM:CAML) has today been notified that, on 21 December 2020, Mr Nigel Robinson, Chief Executive Officer of the Company:
 
(a)    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




Nigel Robinson


Chief Executive Officer


350,000


350,000


£2.24112


880,255


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 Robinson's options was satisfied by 350,000 Shares from the Central Asia Metals employee benefit trust.
 
(b)   sold 36,800 Shares at a price of £2.207106 per Share. Following this transaction, which represents 0.021% of the issued share capital of the Company (excluding shares held in treasury), Mr Robinson holds 646,715 Shares, representing 0.367% of the issued share capital of the Company (excluding shares held in treasury). These Shares are jointly owned with the Central Asia Metals employee benefit trust under a joint share ownership plan. These share awards were made prior to the 2010 IPO and vested upon its successful completion.
 
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


 




 


 




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


Nigel Robinson


 




2.


Reason for the Notification


 




a)


Position/status


 Chief Executive 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.
3.    Sale of shares held personally in the Company.


 




c)


Price(s) and volume(s)





Exercise of options


 




Price(s)
  US$0.01


Volume(s)
350,000




Sale of shares resulting from option exercise


 




Price(s)
£2.24112


Volume (s)
350,000




Sale of shares held personally


 




Price(s)
£2.207106


Volume(s)
36,800
 




 


 






 




d)


Aggregated information
 
-      Aggregated volume
 
-      Price


Transaction type


Aggregated Volume(s)


Price(s)
 


 




Exercise of options


350,000


$3,500


 




Sale of shares resulting from option exercise


350,000


£784,392


 




Sale of shares held personally


36,800


£81,221.50


 




e)


Date of the transaction


21 December 2020


 




f)


Place of the transaction


XLON
 


 



 

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