Option Exercise by Directors
Three directors exercised nominal cost share options, cash settled at £2.2206 per share.
- Nick Clarke options exercised 588,209
- Nigel Robinson options exercised 657,749
- Louise Wrathall options exercised 137,891
- Settlement price per share £2.2206
- Total aggregate value settled £3,073,374.09
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The Company (AIM:CAML) was notified today that, Nick Clarke, Non-Executive Chairman, Nigel Robinson, Chief Executive Officer and Louise Wrathall, Director of Corporate Development of the Company exercised nominal cost options under the Central Asia Metals Employee Share Plan 2011 ("the Plan") over ordinary shares of US$0.01 each ('Shares') in the Company at an exercise price of US$0.01, as set out in the table below. The option exercise was settled by the Company in cash at £2.2206 per Share. Under the Plan, the cash settlement price is calculated from the difference between the average of the middle-market quotations (from the Daily Official List of the London Stock Exchange) for the preceding five days and the exercise price of US$0.01. No actual Shares were sold or acquired in this process.
| Name | Position | Number of options over Shares exercised 1 | Total options remaining post exercise 2 |
| Nick Clarke | Non-Executive Chairman | 588,209 | 986,695 |
| Nigel Robinson | Chief Executive Officer | 657,749 | 1,395,174 |
| Louise Wrathall | Director of Corporate Development | 137,891 | 530,670 |
| 1 includes accrued dividends | |||
| 2 before any adjustments for accrued dividends | |||
| a) | Name | Nick Clarke | |
| 2. | Reason for the Notification | ||
| a) | Position/status | Non-Executive Chairman | |
| 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 | Exercise of nominal cost options over ordinary Shares in the Company under the Central Asia Metals Employee Share Plan 2011 (as amended) cash settled at an exercise price of £2.2206 per Share. | |
| c) | Price(s) and volume(s) | Price(s) £2.2206 Volume(s) 588,209 | |
| d) | Aggregated information - Aggregated volume - Price | 588,209 £1,306,176.91 | |
| e) | Date of the transaction | 23 May 2024 | |
| f) | Place of the transaction | Outside a trading venue | |
| 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 | |
| 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 | Exercise of nominal cost options over ordinary Shares in the Company under the Central Asia Metals Employee Share Plan 2011 (as amended) cash settled at an exercise price of £2.2206 per Share. | |
| c) | Price(s) and volume(s) | Price(s) £2.2206 Volume(s) 657,749 | |
| d) | Aggregated information - Aggregated volume - Price | 657,749 £1,460,597.43 | |
| e) | Date of the transaction | 23 May 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 | Exercise of nominal cost options over ordinary Shares in the Company under the Central Asia Metals Employee Share Plan 2011 (as amended) cash settled at an exercise price of £2.2206 per Share. | |
| c) | Price(s) and volume(s) | Price(s) £2.2206 Volume(s) 137,891 | |
| d) | Aggregated information - Aggregated volume - Price | 137,891 £306,200.75 | |
| e) | Date of the transaction | 23 May 2024 | |
| f) | Place of the transaction | Outside a trading venue | |
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