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

Central Asia MetalsAnnouncement

19/04/2016 07:30

RNS Number : 5612V
Central Asia Metals PLC
19 April 2016
19 April 2016
CENTRAL ASIA METALS PLC
(the "Company")
Grant of Options
The Company (AIM:CAML) announces that, on 18 April 2016, 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
227,312
886,122
Nigel Robinson
Chief Financial Officer
147,605
473,751
Howard Nicholson
Technical Director
147,605
510,460
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 2017. 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
Greg Wood
Aarti Iyer
Richard Crowley


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