TIDMCAML

RNS Number : 4265F

Central Asia Metals PLC

16 July 2021

16 July 2021

CENTRAL ASIA METALS PLC

("CAML" or the "Company")

Grant of Long-Term Share Awards

Central Asia Metals plc (AIM:CAML) announces that, on 15 July 2021, the following nominal cost long-term share awards ("Awards") over ordinary shares in the Company at an exercise price of $0.01 per share, were granted to Executive Directors of the Company under the Central Asia Metals Employee Share Plan 2011. Each Award is exercisable in return for one ordinary share.

 
 Name              Position           Awards Granted(1)   Total Awards Post 
                                                                   Grant(2) 
                   Chief Executive 
 Nigel Robinson     Officer                     227,367           1,107,622 
                  -----------------  ------------------  ------------------ 
                   Chief Financial 
 Gavin Ferrar       Officer                     186,877             639,850 
                  -----------------  ------------------  ------------------ 
 

(1) vesting of these awards is subject to the achievement of certain performance conditions

(2) before any adjustments for accrued dividends

These Awards will generally vest on 31 March 2024 subject to the achievement of performance conditions to align with CAML's understanding of long-term shareholder expectations. The performance conditions comprise:

- a 75% component achieved by relative total shareholder return ('TSR') versus CAML's peer group

- a 25% component related to achievement of CAML's long-term sustainability targets.

The Awards have a maximum term of 10 years from the date of grant, subject to any earlier lapsing under these rules.

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 
 
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                                                      Nigel Robinson 
2.   Reason for the Notification 
a)   Position/status                                           Chief Executive 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                                 Grant of nominal cost long-term share awards over 
                                                               ordinary shares in the Company at an exercise 
                                                               price of $0.01 per share. 
c)   Price(s) and volume(s)                                     Price(s)   Volume(s) 
                                                                  $0.01       227,367 
d)   Aggregated information                                    N/A (Single transaction) 
      Aggregated volume Price 
e)   Date of the transaction                                   15 July 2021 
f)   Place of the transaction                                  Outside a trading venue 
 
 
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                                 Grant of nominal cost long-term share awards over 
                                                               ordinary shares in the Company at an exercise 
                                                               price of $0.01 per share. 
c)   Price(s) and volume(s)                                     Price(s)   Volume(s) 
                                                                  $0.01       186,877 
d)   Aggregated information                                    N/A (Single transaction) 
      Aggregated volume Price 
e)   Date of the transaction                                   15 July 2021 
f)   Place of the transaction                                  Outside a trading venue 
 

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END

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July 16, 2021 02:30 ET (06:30 GMT)

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