TIDMCAML

RNS Number : 6924N

Central Asia Metals PLC

26 September 2023

26 September 2023

CENTRAL ASIA METALS PLC

('CAML' or the 'Company')

Purchase of Shares and Option Exercise by Director

The Company (AIM:CAML) was notified on 25 and 26 September 2023 that Mr Gavin Ferrar, Chief Financial Officer of the Company, undertook the following dealings in the Company's ordinary shares of US$0.01 each ('Shares'):

   1.   Purchase of Shares 

Mr Ferrar purchased 6,816 Shares on 25 September 2023 at a price of GBP2.053747 per Share; and 3,112 Shares on 26 September 2023 at price of GBP2.09195 per Share. The Shares were purchased on the open market.

Following these acquisitions, Mr Ferrar owns a total of 9,928 Shares.

   2.   Exercise of Options 

Mr Ferrar exercised nominal cost options over Shares on 25 September 2023 at an exercise price of US$0.01 per the table below. The option exercise was settled by the Company in cash at GBP 2.0408027 per Share in accordance with the Rules of the Central Asia Metals plc Employee Share Plan 2011 (as amended) (the "Plan"). Under the Plan, the cash settlement is calculated as the difference between the average of the middle-market quotations (from the Daily Official List of the London Stock Exchange) for the preceding five days and the exercise price of US$0.01. No actual Shares were sold or acquired in this process and Mr Ferrar's number of options outstanding has reduced by 203,442 as shown below.

 
 
                                           Number of options over Shares           Total options remaining post 
 Name           Position                   exercised(1)                            exercise(2) 
Gavin Ferrar    Chief Financial Officer    203,442                                663,266 
               -------------------------  -------------------------------------  ------------------------------------- 
 

(1) includes accrued dividends

(2) before any adjustments for accrued dividends

For further information contact:

 
Central Asia Metals 
Tony Hunter, Company Secretary            Tel: +44 (0) 20 7603 1515 
Louise Wrathall, Director of Corporate    louise.wrathall@centralasiametals.com 
 Development 
 
Peel Hunt (Nominated Adviser and Joint    Tel: +44 (0) 20 7418 8900 
 Broker) 
Ross Allister 
David McKeown 
 
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.

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 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                                     Acquisition of Shares 
c)   Price(s) and volume(s)                                         Price(s)        Volume(s) 
                                                                       GBP2.053747    6,816 
d)   Aggregated information 
      - Aggregated volume                                            6,816 
      - Price                                                        GBP13,998.34 
e)   Date of the transaction                                       25 September 2023 
f)   Place of the transaction                                      XLON 
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                                     Acquisition of Shares 
c)   Price(s) and volume(s)                                         Price(s)       Volume(s) 
                                                                       GBP2.09195    3,112 
d)   Aggregated information 
      - Aggregated volume                                            3,112 
      - Price                                                        GBP6,510.15 
e)   Date of the transaction                                       26 September 2023 
f)   Place of the transaction                                      XLON 
 
 
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         Ordinary shares of US$0.01 each 
     instrument 
     Identification code                                      GB00B67KBV28 
b)   Nature of the Transaction                                Exercise of nominal cost options over ordinary Shares 
                                                              in the Company under the Central Asia 
                                                              Metals Employee Share Plan 2011 (as amended) cash 
                                                              settled at an exercise price of GBP2.0408027 
                                                              per Share. 
c)   Price(s) and volume(s)                                    Price(s)         Volume(s) 
                                                                  GBP2.0408027    203,442 
d)   Aggregated information 
 
       *    Aggregated volume                                   203,442 
 
                                                                GBP415,184.98 
 
       *    Price 
e)   Date of the transaction                                  25 September 2023 
f)   Place of the transaction                                 Outside a trading venue 
 

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END

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September 26, 2023 05:12 ET (09:12 GMT)

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