REG - Central Asia Metals - Grant of Options <Origin Href="QuoteRef">CAML.L</Origin>

Central Asia MetalsAnnouncement

29/10/2014 10:37

RNS Number : 8164T
Central Asia Metals PLC
09 October 2014
09 October 2014
CENTRAL ASIA METALS PLC
(the "Company")
Grant of Options
The Company (AIM:CAML) announces that, on 8 October 2014, the following nominal cost options ("Options") over ordinary shares in the Company at a nominal exercise price of $0.01 per share, were granted to executive Directors of the Company. Each Option is exercisable in return for one ordinary share.
Name
Position
Options Granted
Total Options Post Grant
Nick Clarke
Chief Executive Officer
160,000
846,689
Nigel Robinson
Chief Financial Officer
100,000
367,626
Howard Nicholson
Technical Director
100,000
602,878
The Options to the executive Directors have been granted under the Central Asia Metals Employee Share Plan 2011. These Options will generally vest, subject to the achievement of certain performance conditions, at the rate of one-third per annum commencing on 31 March 2015. The Options have a maximum term of 10 years from the date of grant, subject to any earlier lapsing under these rules.
For further information:
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
Tel: +44 (0)20 3772 2500
Mark Antelme
Lorna Cobbett


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