10th Mar 2026 11:48
Central Asia Metals PLC - mining firm focused on Kazakhstan and North Macedonia - Proposes cancellation of its share premium account in order to restructure its balance sheet "so as to increase the amount of distributable reserves available". Says the cancellation will bolster its ability to make future dividend payments and undertake potential buybacks. Notes the share premium cancellation is conditional upon shareholder and court approval, with an extraordinary general meeting set for March 30. Should such approvals be granted, the company expects cancellation to occur on or around April 29.
Current stock price: 179.80 pence, up 2.9% on Tuesday morning in London
12-month change: up 19%
By Christopher Ward, Alliance News reporter
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