22nd Dec 2020 13:05
22 December 2020
CENTRAL ASIA METALS PLC
('CAML' or the 'Company')
Exercise of Options/PDMR Dealing Notification
The Company (AIM:CAML) has today been notified that, on 21 December 2020, Mr Nigel Robinson, Chief Executive Officer of the Company:
(a) exercised nominal cost options over ordinary shares of US$0.01 each ('Shares') in the Company at an exercise price of US$0.01 and on the same day, sold the resulting shares, in part to settle the tax liabilities arising on the exercise, as shown in the table below:
Name | Position | Number of options over Shares exercised1 | Number of Shares sold | Aggregate price achieved |
Total options remaining post exercise2 | Share plan |
Nigel Robinson | Chief Executive Officer | 350,000 | 350,000 | £2.24112 | 880,255 | The Central Asia Metals Employee Share Plan 2011 (as amended) |
1 includes accrued dividends
2 before any adjustments for accrued dividends
The exercise of Mr Robinson's options was satisfied by 350,000 Shares from the Central Asia Metals employee benefit trust.
(b) sold 36,800 Shares at a price of £2.207106 per Share. Following this transaction, which represents 0.021% of the issued share capital of the Company (excluding shares held in treasury), Mr Robinson holds 646,715 Shares, representing 0.367% of the issued share capital of the Company (excluding shares held in treasury). These Shares are jointly owned with the Central Asia Metals employee benefit trust under a joint share ownership plan. These share awards were made prior to the 2010 IPO and vested upon its successful completion.
For further information contact:
Central Asia Metals |
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Tony Hunter, Company Secretary | Tel: +44 (0) 20 7603 1515 |
Louise Wrathall, Director of Corporate Relations | Tel:+44 (0) 20 7898 9001 |
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Peel Hunt (Nominated Advisor and Joint Broker) | Tel: +44 (0) 20 7418 8900 |
Ross Allister |
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David McKeown |
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BMO Capital Markets (Joint Broker) | Tel: +44 (0) 20 7236 1010 |
Thomas Rider |
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Blytheweigh (PR Advisors) | Tel: +44 (0) 20 7138 3204 |
Tim Blythe |
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Megan Ray |
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Rachael Brooks |
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Note to editors:
Central Asia Metals, an AIM-listed UK company based in London, owns 100% of the Kounrad SX-EW copper project in central Kazakhstan and the Sasa zinc-lead mine in North Macedonia.
For further information, please visit www.centralasiametals.com and follow CAML on Twitter at @CamlMetals and on LinkedIn at Central Asia Metals Plc.
1. | Details of the person discharging managerial responsibilities / person closely associated |
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a) | Name | Nigel Robinson |
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2. | Reason for the Notification |
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a) | Position/status | Chief Executive Officer |
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b) | Initial notification/amendment | Initial notification |
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3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) | Name | Central Asia Metals plc |
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b) | LEI | 213800EYQBJZIT64NH43 |
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4. | Details of the transaction(s):section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv)each place where transactions have been conducted |
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a) | Description of the Financial instrument, type of instrument | Ordinary shares of US$0.01 each |
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Identification code | GB00B67KBV28 |
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b) | Nature of the Transaction | 1. Exercise of nominal cost options over ordinary Shares in the Company under the Central Asia Metals Employee Share Plan 2011 (as amended) at a nominal exercise price of $0.01 per Share, and 2. Sale of the resulting Shares. 3. Sale of shares held personally in the Company. |
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c) | Price(s) and volume(s) |
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d) | Aggregated information
- Aggregated volume
- Price | Transaction type | Aggregated Volume(s) | Price(s)
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Exercise of options | 350,000 | $3,500 |
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Sale of shares resulting from option exercise | 350,000 | £784,392 |
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Sale of shares held personally | 36,800 | £81,221.50 |
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e) | Date of the transaction | 21 December 2020 |
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f) | Place of the transaction | XLON
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Related Shares:
Central Asia Metals