25th Jul 2013 14:18
25 July 2013
CENTRAL ASIA METALS PLC
(the "Company")
Grant of Options
The Company (AIM:CAML) announces that, on 24 July 2013, the following nominal cost options ("Options") at a nominal exercise price of $0.01 per share over ordinary shares in the Company, were granted to Directors of the Company. Each option is exercisable in return for one ordinary share.
Name | Position | Options Granted | Total Options Post Grant |
Nick Clarke | Chief Executive Officer | 110,403 | 547,092 |
Nigel Robinson | Chief Financial Officer | 70,063 | 422,941 |
Howard Nicholson | Technical Director | 70,063 | 422,941 |
These Options, which have been granted under the Central Asia Metals Employee Share Plan 2011, will generally vest at the rate of one-third per annum subject to the satisfaction of certain performance conditions. The options have a maximum term of 10 years from the date of grant, subject to any earlier lapsing under the rules of the Central Asia Metals Employee Share Plan 2011.
For further information:
Central Asia Metals PLC Tel: +44 (0) 20 7603 1515
Company Secretary
Tony Hunter
Canaccord Genuity Limited Andrew Chubb Tel: +44 (0)20 7253 8000 Chris Fincken
Mirabaud Securities LLP Peter Krens Tel: +44 (0)20 7878 3362
Pelham Bell Pottinger Charles Vivian Tel: +44 (0)20 7861 3232 Lorna Spears
Related Shares:
Central Asia Metals