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

Central Asia MetalsAnnouncement

10/04/2024 07:00

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RNS Number : 9390J  Central Asia Metals PLC  10 April 2024

 

10 April 2024

 

CENTRAL ASIA METALS PLC

('CAML' or the 'Company')

Grant of Long-Term Share Awards

Central Asia Metals plc (AIM:CAML) announces that, on 9 April 2024, the
following nominal cost long-term share awards ("LTIP 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 Long-Term
Incentive Plan 2022. Each LTIP Award is exercisable in return for one ordinary
share.

 

 Name             Position                           LTIP Awards Granted(1)  Total LTIP Awards Post Grant(2)
 Nigel Robinson   Chief Executive Officer            311,342                 1,793,346
 Gavin Ferrar     Chief Financial Officer            254,734                 918,000
 Louise Wrathall  Director of Corporate Development  211,797                 633,768

(1) vesting of these awards is subject to the achievement of certain
performance conditions

(2) before any adjustments for accrued dividends

 

These LTIP Awards will generally vest on 31 March 2027 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 Development  louise.wrathall@centralasiametals.com

 Peel Hunt (Nominated Adviser and Joint Broker)      Tel: +44 (0) 20 7418 8900
 Ross Allister
 David McKeown
 Georgia Langoulant

 BMO Capital Markets (Joint Broker)                  Tel: +44 (0) 20 7236 1010
 Thomas Rider
 Pascal Lussier Duquette

 BlytheRay (PR Advisors)                             Tel: +44 (0) 20 7138 3204
 Tim Blythe
 Megan Ray

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 100% of the Sasa
zinc-lead mine in North Macedonia. The CAML Exploration subsidiary was
recently formed to progress early exploration opportunities in Kazakhstan.

For further information, please visit www.centralasiametals.com
(http://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)  Volume(s)

                                                                  $0.01      311,342
 d)  Aggregated information                                       N/A (Single transaction)

     Aggregated volume Price
 e)  Date of the transaction                                      09/04/2024
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

Aggregated volume Price

N/A (Single transaction)

e)

Date of the transaction

09/04/2024

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)  Volume(s)

                                                                  $0.01      254,734
 d)  Aggregated information                                       N/A (Single transaction)

     Aggregated volume Price
 e)  Date of the transaction                                      09/04/2024
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

Aggregated volume Price

N/A (Single transaction)

e)

Date of the transaction

09/04/2024

f)

Place of the transaction

Outside a trading venue

 

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Louise Wrathall
 2.  Reason for the Notification
 a)  Position/status                                              Director of Corporate Development
 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)  Volume(s)

                                                                  $0.01      211,797
 d)  Aggregated information                                       N/A (Single transaction)

     Aggregated volume Price
 e)  Date of the transaction                                      09/04/2024
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

Aggregated volume Price

N/A (Single transaction)

e)

Date of the transaction

09/04/2024

f)

Place of the transaction

Outside a trading venue

 

 

 

 

 

 

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