Grant of Long-Term Share Awards
Long-term share awards granted to CEO, CFO and Director of Corporate Development vesting in 2027.
- LTIP Awards granted to CEO 311,342 shares
- LTIP Awards granted to CFO 254,734 shares
- LTIP Awards granted to Director of Corporate Development 211,797 shares
- Exercise price $0.01 per share
- Vesting date 31 March 2027
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Central Asia Metals plc (AIM:CAML) announces that, on 9 April 2024, 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. Each LTIP Award is exercisable in return for one ordinary share.
| Name | Position | LTIP Awards Granted 1 | Total LTIP Awards Post Grant 2 |
|---|---|---|---|
| Nigel Robinson | Chief Executive Officer | 311,342 | 1,793,346 |
| Gavin Ferrar | Chief Financial Officer | 254,734 | 918,000 |
| Louise Wrathall | Director of Corporate Development | 211,797 | 633,768 |
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 2027 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.
| a) | Name | Nigel Robinson |
| 2. | Reason for the Notification | |
| a) | Position/status | Chief Executive Officer |
| b) | Initial notification/amendment | Initial notification |
| a) | Name | Central Asia Metals plc |
| b) | LEI | 213800EYQBJZIT64NH43 |
| 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) 311,342 |
| d) | Aggregated information Aggregated volume Price | N/A (Single transaction) |
| e) | Date of the transaction | 09/04/2024 |
| 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 |
| a) | Name | Central Asia Metals plc |
| b) | LEI | 213800EYQBJZIT64NH43 |
| 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) 254,734 |
| d) | Aggregated information Aggregated volume Price | N/A (Single transaction) |
| e) | Date of the transaction | 09/04/2024 |
| 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 | Director of Corporate Development |
| b) | Initial notification/amendment | Initial notification |
| a) | Name | Central Asia Metals plc |
| b) | LEI | 213800EYQBJZIT64NH43 |
| 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) 211,797 |
| d) | Aggregated information Aggregated volume Price | N/A (Single transaction) |
| e) | Date of the transaction | 09/04/2024 |
| f) | Place of the transaction | Outside a trading venue |
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