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

Central Asia MetalsAnnouncement

30/05/2025 07:30

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RNS Number : 6707K  Central Asia Metals PLC  30 May 2025

 

30 May 2025

 

Central Asia Metals PLC

('CAML' or the 'Company')

Grant of Long-Term Share Awards

Central Asia Metals PLC (AIM:CAML) announces that, on 29 May 2025, 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 (the Plan). Each LTIP Award is exercisable in return for
one Ordinary Share.

 

 Name             Position                 LTIP Awards Granted(1)  Total LTIP Awards Post Grant(2)
 Gavin Ferrar     Chief Executive Officer  397,115                 1,250,043
 Louise Wrathall  Chief Financial Officer  307,692                 838,362

(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 2028 subject to the
achievement of performance conditions aligned with shareholder interests and
expectations as follows:

 

-     vesting of 80% of each LTIP Award is based on total shareholder
return (TSR) of CAML measured over the three calendar years ending 31 December
2027 relative to a group of industry peers; and

 

-     vesting of 20% of each LTIP Award is based on achievement of CAML's
long-term sustainability targets.

 

The LTIP Awards have a maximum term of 10 years from the date of grant,
subject to any earlier lapsing under the Plan.

 

For further information contact:

 Central Asia Metals
 Tony Hunter, Company Secretary                  Tel: +44 (0) 20 7603 1515
 Richard Morgan, Investor Relations Manager      richard.morgan@centralasiametals.com

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

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

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

Note to editors:

 

Central Asia Metals, an AIM-quoted 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 Company also owns an 80% interest in
CAML Exploration, a subsidiary formed to progress early-stage exploration
opportunities in Kazakhstan, and a 28.4% interest in Aberdeen Minerals Ltd, a
privately-owned UK company focused on the exploration and development of base
metals opportunities in northeast Scotland.

 

For further information, please visit www.centralasiametals.com and follow
CAML on X at @CamlMetals and on LinkedIn at Central Asia Metals PLC.

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Gavin Ferrar
 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     397,115
 d)  Aggregated information                                       N/A (Single transaction)

     Aggregated volume Price
 e)  Date of the transaction                                      29/05/2025
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

Aggregated volume Price

N/A (Single transaction)

e)

Date of the transaction

29/05/2025

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                                              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      307,692
 d)  Aggregated information                                       N/A (Single transaction)

     Aggregated volume Price
 e)  Date of the transaction                                      29/05/2025
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

Aggregated volume Price

N/A (Single transaction)

e)

Date of the transaction

29/05/2025

f)

Place of the transaction

Outside a trading venue

 

 

 

 

 

 

 

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