17th Jul 2014 17:31
LONDON (Alliance News) - Central Asia Metals PLC Thursday said that Chief Financial Officer Nigel Robinson today exercised options over 269,737 shares at USD0.01 each, and sold the resulting shares at an average price of 160.11 pence, in part to settle tax liabilities arising on exercise.
In a statement, Central Asia Metals said that Robinson now has 646,715 shares, jointly owned with the employee benefit trust, or a 0.6% stake in the company.
The company said it has transferred 269,737 of its shares from treasury for the purpose of satisfying the foregoing exercise of share options. As a result, the company currently holds 770,473 shares in treasury.
Central Asia Metals shares Thursday closed up 0.8% at 160.27 pence.
By Samuel Agini; [email protected]; @samuelagini
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