REG - Central Asia Metals - Grant of Long-Term Share Awards

Central Asia MetalsAnnouncement

16/07/2021 07:30

RNS Number : 4265F
  
Central Asia Metals PLC
  
16 July 2021
  
 

16 July 2021
 
CENTRAL ASIA METALS PLC
("CAML" or the "Company")
 
Grant of Long-Term Share Awards
 
Central Asia Metals plc (AIM:CAML) announces that, on 15 July 2021, the following nominal cost long-term share awards ("Awards") over ordinary shares in the Company at an exercise price of $0.01 per share, were granted to Executive Directors of the Company under the Central Asia Metals Employee Share Plan 2011. Each Award is exercisable in return for one ordinary share.
 



Name


Position


Awards Granted1


Total Awards Post Grant2




Nigel Robinson


Chief Executive Officer


227,367


1,107,622




Gavin Ferrar


Chief Financial Officer


186,877


639,850



1 vesting of these awards is subject to the achievement of certain performance conditions
2 before any adjustments for accrued dividends
 
These Awards will generally vest on 31 March 2024 subject to the achievement of performance conditions to align with CAML's understanding of long-term shareholder expectations. The performance conditions comprise:
 
- a 75% component achieved by relative total shareholder return ('TSR') versus CAML's peer group 
 
- a 25% component related to achievement of CAML's long-term sustainability targets.
 
The Awards have a maximum term of 10 years from the date of grant, subject to any earlier lapsing under these rules.
 
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


Grant of nominal cost long-term share awards over ordinary shares in the Company at an exercise price of $0.01 per share.




c)


Price(s) and volume(s)





Price(s)
$0.01


Volume(s)
 227,367


















d)


Aggregated information
Aggregated volume Price


N/A (Single transaction)




e)


Date of the transaction 


15 July 2021




f)


Place of the transaction


Outside a trading venue
 



 
 



1.


Details of the person discharging managerial responsibilities / person closely associated




a)


Name


Gavin Ferrar




2.


Reason for the Notification




a)


Position/status


Chief Financial 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


Grant of nominal cost long-term share awards over ordinary shares in the Company at an exercise price of $0.01 per share.




c)


Price(s) and volume(s)





Price(s)
$0.01


Volume(s)
 186,877


















d)


Aggregated information
Aggregated volume Price


N/A (Single transaction)




e)


Date of the transaction 


15 July 2021 




f)


Place of the transaction


Outside a trading venue
 



 
 
 
 

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