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30 May 2025 07:30
30 May 2025
Central Asia Metals PLC
('CAML' or the 'Company')
Grant of Long-Term Share Awards
Central Asia Metals PLC (AIM:CAML) announces that, on 29 May 2025, the following nominal cost long-term share awards (LTIP 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 Long-Term Incentive Plan 2022 (the Plan). Each LTIP Award is exercisable in return for one Ordinary Share.
Name | Position | LTIP Awards Granted1 | Total LTIP Awards Post Grant2 |
Gavin Ferrar | Chief Executive Officer | 397,115 | 1,250,043 |
Louise Wrathall | Chief Financial Officer | 307,692 | 838,362 |
1 vesting of these awards is subject to the achievement of certain performance conditions
2 before any adjustments for accrued dividends
These LTIP Awards will generally vest on 31 March 2028 subject to the achievement of performance conditions aligned with shareholder interests and expectations as follows:
- vesting of 80% of each LTIP Award is based on total shareholder return (TSR) of CAML measured over the three calendar years ending 31 December 2027 relative to a group of industry peers; and
- vesting of 20% of each LTIP Award is based on achievement of CAML's long-term sustainability targets.
The LTIP Awards have a maximum term of 10 years from the date of grant, subject to any earlier lapsing under the Plan.
For further information contact:
Central Asia Metals |
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Tony Hunter, Company Secretary | Tel: +44 (0) 20 7603 1515 |
Richard Morgan, Investor Relations Manager | richard.morgan@centralasiametals.com |
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Peel Hunt (Nominated Adviser and Joint Broker) | Tel: +44 (0) 20 7418 8900 |
Ross Allister |
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David McKeown |
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Emily Bhasin |
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BMO Capital Markets (Joint Broker) | Tel: +44 (0) 20 7236 1010 |
Thomas Rider |
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Pascal Lussier Duquette |
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BlytheRay (PR Advisers) | Tel: +44 (0) 20 7138 3204 |
Tim Blythe |
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Megan Ray |
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Note to editors:
Central Asia Metals, an AIM-quoted 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. The Company also owns an 80% interest in CAML Exploration, a subsidiary formed to progress early-stage exploration opportunities in Kazakhstan, and a 28.4% 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.
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Gavin Ferrar | ||||
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 instrument | Ordinary Shares of US$0.01 each | ||||
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) |
| ||||
d) | Aggregated information Aggregated volume Price | N/A (Single transaction) | ||||
e) | Date of the transaction | 29/05/2025 | ||||
f) | Place of the transaction | Outside a trading venue
| ||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Louise Wrathall | ||||
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 | 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) |
| ||||
d) | Aggregated information Aggregated volume Price | N/A (Single transaction) | ||||
e) | Date of the transaction | 29/05/2025 | ||||
f) | Place of the transaction | Outside a trading venue
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