19 Apr 2016 07:30
19 April 2016
CENTRAL ASIA METALS PLC
(the "Company")
Grant of Options
The Company (AIM:CAML) announces that, on 18 April 2016, the following nominal cost options ("Options") over ordinary shares in the Company at a nominal exercise price of $0.01 per share, were granted to executive Directors of the Company. Each Option is exercisable in return for one ordinary share.
Name | Position | Options Granted | Total Options Post Grant |
Nick Clarke | Chief Executive Officer | 227,312 | 886,122 |
Nigel Robinson | Chief Financial Officer | 147,605 | 473,751 |
Howard Nicholson | Technical Director | 147,605 | 510,460 |
The Options to the executive Directors have been granted under the Central Asia Metals Employee Share Plan 2011. These Options will generally vest, subject to the achievement of certain performance conditions, at the rate of one-third per annum commencing on 31 March 2017. The Options have a maximum term of 10 years from the date of grant, subject to any earlier lapsing under these rules.
For further information:
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 | Tel: +44 (0) 20 3772 2500 |
Greg Wood Aarti Iyer Richard Crowley
|
Central Asia Metals (CAML)