16th Jul 2021 07:30
16 July 2021
CENTRAL ASIA METALS PLC
("CAML" or the "Company")
Grant of Long-Term Share Awards
Central Asia Metals plc (AIM:CAML) announces that, on 15 July 2021, the following nominal cost long-term share awards ("Awards") over ordinary shares in the Company at an exercise price of $0.01 per share, were granted to Executive Directors of the Company under the Central Asia Metals Employee Share Plan 2011. Each Award is exercisable in return for one ordinary share.
Name | Position | Awards Granted1 | Total Awards Post Grant2 |
Nigel Robinson | Chief Executive Officer | 227,367 | 1,107,622 |
Gavin Ferrar | Chief Financial Officer | 186,877 | 639,850 |
1 vesting of these awards is subject to the achievement of certain performance conditions
2 before any adjustments for accrued dividends
These Awards will generally vest on 31 March 2024 subject to the achievement of performance conditions to align with CAML's understanding of long-term shareholder expectations. The performance conditions comprise:
- a 75% component achieved by relative total shareholder return ('TSR') versus CAML's peer group
- a 25% component related to achievement of CAML's long-term sustainability targets.
The Awards have a maximum term of 10 years from the date of grant, subject to any earlier lapsing under these rules.
For further information contact:
Central Asia Metals | |
Tony Hunter, Company Secretary | Tel: +44 (0) 20 7603 1515 |
Louise Wrathall, Director of Corporate Relations | Tel:+44 (0) 20 7898 9001 |
Peel Hunt (Nominated Advisor and Joint Broker) | Tel: +44 (0) 20 7418 8900 |
Ross Allister | |
David McKeown | |
BMO Capital Markets (Joint Broker) | Tel: +44 (0) 20 7236 1010 |
Thomas Rider | |
Blytheweigh (PR Advisors) | Tel: +44 (0) 20 7138 3204 |
Tim Blythe | |
Megan Ray | |
Rachael Brooks |
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 | |||||
a) | Name | Nigel Robinson | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Chief Executive Officer | ||||
b) | Initial notification/amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Central Asia Metals plc | ||||
b) | LEI | 213800EYQBJZIT64NH43 | ||||
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 | |||||
a) | Description of the Financial instrument, type of instrument | Ordinary shares of US$0.01 each | ||||
Identification code | GB00B67KBV28 | |||||
b) | Nature of the Transaction | Grant of nominal cost long-term share awards over ordinary shares in the Company at an exercise price of $0.01 per share. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information Aggregated volume Price | N/A (Single transaction) | ||||
e) | Date of the transaction | 15 July 2021 | ||||
f) | Place of the transaction | Outside a trading venue
| ||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Gavin Ferrar | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Chief Financial Officer | ||||
b) | Initial notification/amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Central Asia Metals plc | ||||
b) | LEI | 213800EYQBJZIT64NH43 | ||||
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 | |||||
a) | Description of the Financial instrument, type of instrument | Ordinary shares of US$0.01 each | ||||
Identification code | GB00B67KBV28 | |||||
b) | Nature of the Transaction | Grant of nominal cost long-term share awards over ordinary shares in the Company at an exercise price of $0.01 per share. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information Aggregated volume Price | N/A (Single transaction) | ||||
e) | Date of the transaction | 15 July 2021 | ||||
f) | Place of the transaction | Outside a trading venue
| ||||
Related Shares:
Central Asia Metals