Grant of Long-Term Share Awards
CEO and CFO granted long-term share awards vesting in 2029 subject to performance conditions.
- LTIP Awards granted to CEO 409,630 shares
- LTIP Awards granted to CFO 317,389 shares
- Exercise price $0.01 per share
- Vesting date 31 March 2029
Select text to share a quote on X · sign in to keep highlights & notes in your CAML notes
Central Asia Metals PLC (AIM:CAML) announces that, on 30 June 2026, 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 | 409,630 | 1,417,234 |
| Louise Wrathall | Chief Financial Officer | 317,389 | 1,109,554 |
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 2029, subject to the achievement of performance conditions aligned with shareholder interests and expectations as set out below, and a subsequent two-year post-vesting holding period which is being applied to LTIP Awards granted to Executive Directors from this year onwards:
- vesting of 60% of each LTIP Award is based on total shareholder return (TSR) of CAML measured over the three financial years ending 31 December 2028 relative to a group of specific peers (30%) and members of the AIM Basic Resources Index (30%);
- vesting of 20% of each LTIP Award is based on Group resource replenishment and addition;
- 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) 409,630 |
| d) | Aggregated information Aggregated volume Price | N/A (Single transaction) |
| e) | Date of the transaction | 30/06/2026 |
| 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) 317,389 |
| d) | Aggregated information Aggregated volume Price | N/A (Single transaction) |
| e) | Date of the transaction | 30/06/2026 |
| f) | Place of the transaction | Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.