9 May 2016 08:00
9 May 2016
CENTRAL ASIA METALS PLC
("CAML" or the "Company")
Exercise of Options and Directors' Dealings
Central Asia Metals plc (AIM: CAML) was on 6 May 2016 notified that, on the same day, Mr Nick Clarke, Chief Executive Officer of the Company, Mr Nigel Robinson, Chief Financial Officer of the Company, and Mr Howard Nicholson, Technical Director 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 per the table below.
The exercise was settled by the Company in cash at 176.16p 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 acquired or sold in this process.
Director | Number of options over Shares exercised | Total number of Shares held following transaction (jointly owned with the Company's Employee Benefit Trust (the "EBT") | % of Company's Issued Capital (excluding treasury shares) |
Nick Clarke | 261,840 | 1,342,887 | 1.2% |
Nigel Robinson | 206,808 | 646,715 | 0.6% |
Howard Nicholson | 248,970 | 446,715 | 0.4% |
Central Asia Metals plc Tony Hunter Company Secretary
| Tel: +44 (0) 207 603 1515 |
Peel Hunt LLP (Nominated Adviser & Joint Broker) | Tel: +44 (0) 20 7418 8900 |
Matthew Armitt Ross Allister | |
Mirabaud Securities LLP (Joint Broker) | Tel: +44 (0) 20 7878 3362 |
Peter Krens | |
Bell Pottinger Greg Wood Aart Iyer | Tel: +44 (0) 20 3772 2500 |
Richard Crowley |
Central Asia Metals (CAML)