Grant of Long-Term Share Awards
Executive Directors granted long-term share awards vesting in 2028 based on TSR and sustainability targets.
- LTIP Awards granted to CEO 397,115 shares
- LTIP Awards granted to CFO 307,692 shares
- Exercise price $0.01 per share
- CEO total LTIP Awards post grant 1,250,043 shares
- CFO total LTIP Awards post grant 838,362 shares
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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 Granted 1 | Total LTIP Awards Post Grant 2 |
|---|---|---|---|
| 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.
| a) | Name | Gavin Ferrar |
| 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) 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 |
| 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) 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 |
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