22nd Oct 2014 18:09
22 October 2014
CENTRAL ASIA METALS PLC
("CAML" or the "Company")
Exercise of Options and Directors' Dealings
Central Asia Metals plc (AIM:CAML) has been notified that, Mr Nick Clarke, Chief Executive Officer of the Company, and Mr Howard Nicholson, Technical Director of the Company, have today exercised options over ordinary shares of US$0.01 each ("Shares") in the Company at an exercise price of US$0.01 per Share. Mr Clarke and Mr Nicholson have today sold the resulting Shares, in part to settle the tax liabilities arising on exercise, per the table below:
Director | Number of options over Shares exercised | Number of Shares sold | Average price of Shares sold | Total number of Shares held following transaction (jointly owned with the Company's Employee Benefit Trust (the "EBT") | % of Company's Issued Capital |
Nick Clarke | 400,000 | 400,000 | 159 pence |
1,342,887 | 1.2% |
Howard Nicholson | 377,764 | 377,764 | 159 pence |
446,715 | 0.4% |
The exercise of these options will be satisfied by the transfer of Shares from the EBT.
Enquiries:
Central Asia Metals plc Tony Hunter +44 (0) 207 603 1515
Company Secretary
Peel Hunt LLP Matthew Armitt +44 (0)20 7418 8900
Ross Allister
Mirabaud Securities LLP Peter Krens +44 (0)20 7878 3362
Bell Pottinger Lorna Cobbett +44 (0)20 3772 2500
Marianna Bowes
Related Shares:
Central Asia Metals