TIDMCAML

RNS Number : 6113L

Central Asia Metals PLC

14 January 2021

14 January 2021

CENTRAL ASIA METALS PLC

('CAML' or the 'Company')

Exercise of Options/PDMR Dealing Notification

The Company (AIM:CAML) was notified on 13 January 2021 that, Mr Gavin Ferrar, Chief Financial Officer of the Company exercised nominal cost options over ordinary shares of US$0.01 each ('Shares') in the Company at an exercise price of US$0.01 and, on the same day, sold the resulting shares, in part to settle the tax liabilities arising on the exercise, as shown in the table below:

 
                                 Number of                                             Total options 
                                 options over                                          remaining post 
                                 Shares           Number of         Aggregate price    exercise(2) 
Name           Position          exercised(1)     Shares sold       achieved                            Share plan 
Gavin Ferrar   Chief Financial   330,000          330,000           GBP2.489          452,973           The Central 
               Officer                                                                                  Asia Metals 
                                                                                                        Employee Share 
                                                                                                        Plan 2011 (as 
                                                                                                        amended) 
              ----------------  ---------------  ----------------  ----------------  ----------------  --------------- 
 

(1) includes accrued dividends

(2) before any adjustments for accrued dividends

The exercise of Mr Ferrar's options was satisfied by 330,000 Shares from the Central Asia Metals employee benefit trust.

For further information contact:

 
Central Asia Metals 
Tony Hunter, Company Secretary          Tel: +44 (0) 20 7603 1515 
Louise Wrathall, Director of Corporate  Tel:+44 (0) 20 7898 9001 
 Relations                               louise.wrathall@centralasiametals.com 
 
Peel Hunt (Nominated Advisor 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 
 
Blytheweigh (PR Advisors)               Tel: +44 (0) 20 7138 3204 
Tim Blythe 
Megan Ray 
Rachael Brooks 
 

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 the Sasa zinc-lead mine in North Macedonia.

For further information, please visit www.centralasiametals.com and follow CAML on Twitter 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       Ordinary shares of US$0.01 each 
      instrument, type of instrument 
      Identification code                GB00B67KBV28 
b)    Nature of the Transaction           1. Exercise of nominal cost options over ordinary Shares in the Company 
                                          under the Central 
                                          Asia Metals Employee Share Plan 2011 (as amended) at a nominal exercise 
                                          price of $0.01 per 
                                          Share, and 
                                          2. Sale of the resulting Shares. 
c)    Price(s) and volume(s)              Exercise of options 
                                           Price(s)                                        Volume(s) 
                                            US$0.01                                         330,000 
                                           Sale of shares resulting from option exercise 
                                           Price(s)                                        Volume (s) 
                                            GBP2.489                                        330,000 
d)    Aggregated information             Transaction type                    Aggregated Volume(s)       Price(s) 
 
        *    Aggregated volume 
 
 
 
        *    Price 
   Exercise of options                                                       330,000                    $3,300 
   Sale of shares resulting from option exercise                             330,000                    GBP821,370 
e)    Date of the transaction            13 January 2021 
f)    Place of the transaction           XLON 
 

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END

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January 14, 2021 02:30 ET (07:30 GMT)

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