Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Grant of Long-Term Share Awards

30th May 2025 07:30

RNS Number : 6707K
Central Asia Metals PLC
30 May 2025
 

 

30 May 2025

 

Central Asia Metals PLC

('CAML' or the 'Company')

Grant of Long-Term Share Awards

Central Asia Metals PLC (AIM:CAML) announces that, on 29 May 2025, the following nominal cost long-term share awards (LTIP 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 Long-Term Incentive Plan 2022 (the Plan). Each LTIP Award is exercisable in return for one Ordinary Share.

 

Name

Position

LTIP Awards Granted1

Total LTIP Awards Post Grant2

Gavin Ferrar

Chief Executive Officer

397,115

1,250,043

Louise Wrathall

Chief Financial Officer

307,692

838,362

1 vesting of these awards is subject to the achievement of certain performance conditions

2 before any adjustments for accrued dividends

 

These LTIP Awards will generally vest on 31 March 2028 subject to the achievement of performance conditions aligned with shareholder interests and expectations as follows:

 

- vesting of 80% of each LTIP Award is based on total shareholder return (TSR) of CAML measured over the three calendar years ending 31 December 2027 relative to a group of industry peers; and

 

- vesting of 20% of each LTIP Award is based on achievement of CAML's long-term sustainability targets.

 

The LTIP Awards have a maximum term of 10 years from the date of grant, subject to any earlier lapsing under the Plan.

 

For further information contact:

Central Asia Metals

 

Tony Hunter, Company Secretary

Tel: +44 (0) 20 7603 1515

Richard Morgan, Investor Relations Manager

[email protected]

 

 

Peel Hunt (Nominated Adviser and Joint Broker)

Tel: +44 (0) 20 7418 8900

Ross Allister

 

David McKeown

 

Emily Bhasin

 

 

 

BMO Capital Markets (Joint Broker)

Tel: +44 (0) 20 7236 1010

Thomas Rider

 

Pascal Lussier Duquette

 

 

 

BlytheRay (PR Advisers)

Tel: +44 (0) 20 7138 3204

Tim Blythe

 

Megan Ray

 

 

Note to editors:

 

Central Asia Metals, an AIM-quoted UK company based in London, owns 100% of the Kounrad SX-EW copper project in central Kazakhstan and 100% of the Sasa zinc-lead mine in North Macedonia. The Company also owns an 80% interest in CAML Exploration, a subsidiary formed to progress early-stage exploration opportunities in Kazakhstan, and a 28.4% interest in Aberdeen Minerals Ltd, a privately-owned UK company focused on the exploration and development of base metals opportunities in northeast Scotland.

 

For further information, please visit www.centralasiametals.com and follow CAML on X at @CamlMetals and on LinkedIn at Central Asia Metals PLC.

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Gavin Ferrar

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)

Price(s)

$0.01

Volume(s)

397,115

d)

Aggregated information

Aggregated volume Price

N/A (Single transaction)

e)

Date of the transaction

29/05/2025

f)

Place of the transaction

Outside a trading venue

 

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Louise Wrathall

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)

Price(s)

$0.01

Volume(s)

 307,692

d)

Aggregated information

Aggregated volume Price

N/A (Single transaction)

e)

Date of the transaction

29/05/2025

f)

Place of the transaction

Outside a trading venue

 

 

 

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHUKOVRVUUVUAR

Related Shares:

Central Asia Metals
FTSE 100 Latest
Value8,768.99
Change-3.39