REG - Central Asia Metals - Proposed Share Premium Cancellation and EGM Notice

Central Asia MetalsAnnouncement

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RNS Number : 9423V  Central Asia Metals PLC  10 March 2026

 

10 March 2026

Central Asia Metals PLC

('CAML' or the 'Company')

Proposed Share Premium Cancellation and Notice of Extraordinary General
Meeting

Central Asia Metals PLC (AIM: CAML) announces a proposed cancellation of the
Company's share premium account (the 'Share Premium Cancellation'). The Share
Premium Cancellation is being undertaken in order to restructure the Company's
balance sheet so as to increase the amount of distributable reserves available
(subject to the protection of creditors). The Share Premium Cancellation will
create further distributable reserves to support the Company's ability to make
future payments of dividends to its shareholders and undertake potential
further share buybacks (in each case should circumstances mean it is
appropriate or desirable to do so), as well as other corporate purposes of the
Company.

The Share Premium Cancellation is conditional upon the passing of a special
resolution by the Company's shareholders in addition to approval by the court.
Accordingly, a circular (the 'Circular') containing details of the proposed
Share Premium Cancellation, together with formal notice of an Extraordinary
General Meeting to be held at 11:00 (BST) on 30 March 2026 at the Company's
offices at Floor 2, 36 Carnaby Street, London W1F 7DR, is now available for
download from the Company's website at www.centralasiametals.com
(http://www.centralasiametals.com)

The Circular, together with a Form of Proxy, will today be mailed to those
shareholders who have elected to receive paper copies.

Subject to both the passing of the special resolution at the Extraordinary
General Meeting and the court approving the Share Premium Cancellation, it is
expected that the effective date of the Share Premium Cancellation will be on
or around 29 April 2026.

The Share Premium Cancellation will not, of itself, involve any distribution
or return of capital to any shareholder and will not reduce the Company's
underlying assets. The completion of the Share Premium Cancellation will not
affect the rights attaching to the Ordinary Shares and will not result in any
change to the number of Ordinary Shares in issue (or their nominal value).

 

For further information contact:

 Central Asia Metals
 Tony Hunter, Company Secretary                  Tel: +44 (0) 20 7603 1515
 Richard Morgan, Investor Relations Manager      Tel: +44 (0) 20 7898 9001

                                                 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
 Megan Ray
 Rachael Brooks

Note to editors:

Central Asia Metals, an AIM-quoted UK company based in London, owns 100% of
the Kounrad SX-EW copper operation 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 32.6% 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.

 

 

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