CENTRAL ASIA METALS PLC

Director's Dealing • Sep 26, 2023

National Storage Mechanism | Additional information

RNS Number : 6924N

Central Asia Metals PLC

26 September 2023

26 September 2023

CENTRAL ASIA METALS PLC

('CAML' or the 'Company')

Purchase of Shares and Option Exercise by Director

The Company (AIM:CAML) was notified on 25 and 26 September 2023 that Mr Gavin Ferrar, Chief Financial Officer of the Company, undertook the following dealings in the Company's ordinary shares of US$0.01 each ('Shares'):

1.   Purchase of Shares

Mr Ferrar purchased 6,816 Shares on 25 September 2023 at a price of £2.053747 per Share; and 3,112 Shares on 26 September 2023 at price of £2.09195 per Share. The Shares were purchased on the open market.

Following these acquisitions, Mr Ferrar owns a total of 9,928 Shares.

2.   Exercise of Options

Mr Ferrar exercised nominal cost options over Shares on 25 September 2023 at an exercise price of US$0.01 per the table below. The option exercise was settled by the Company in cash at £2.0408027 per Share in accordance with the Rules of the Central Asia Metals plc Employee Share Plan 2011 (as amended) (the "Plan"). Under the Plan, the cash settlement is calculated as 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 and Mr Ferrar's number of options outstanding has reduced by 203,442 as shown below.

Name	Position	Number of options over Shares exercised1	Total options remaining post exercise2
Gavin Ferrar	Chief Financial Officer	203,442	663,266

1 includes accrued dividends

2 before any adjustments for accrued dividends

For further information contact:

Central Asia Metals
Tony Hunter, Company Secretary	Tel: +44 (0) 20 7603 1515
Louise Wrathall, Director of Corporate Development	louise.wrathall@centralasiametals.com
Peel Hunt (Nominated Adviser and Joint Broker)	Tel: +44 (0) 20 7418 8900
Ross Allister
David McKeown
BMO Capital Markets (Joint Broker)	Tel: +44 (0) 20 7236 1010
Thomas Rider
Pascal Lussier Duquette
BlytheRay (PR Advisors)	Tel: +44 (0) 20 7138 3204
Tim Blythe
Megan Ray

Note to editors:

Central Asia Metals, an AIM-listed UK company based in London, owns 100% of the Kounrad SX-EW copper project in central Kazakhstan and 100% of the Sasa zinc-lead mine in North Macedonia.

For further information, please visit www.centralasiametals.com and follow CAML on X at @CamlMetals and on LinkedIn at Central Asia Metals Plc.

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

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Central Asia Metals plc

b)

LEI

213800EYQBJZIT64NH43

4.

Details of the transaction(s):section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv)each place where transactions have been conducted

a)

Description of the Financial instrument, type of instrument

Ordinary shares of US$0.01 each

Identification code

GB00B67KBV28

b)

Nature of the Transaction

Acquisition of Shares

c)

Price(s) and volume(s)

Price(s)   £2.053747	Volume(s) 6,816

d)

Aggregated information

-            Aggregated volume

-            Price

6,816

£13,998.34

e)

Date of the transaction

25 September 2023

f)

Place of the transaction

XLON

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

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Central Asia Metals plc

b)

LEI

213800EYQBJZIT64NH43

4.

Details of the transaction(s):section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv)each place where transactions have been conducted

a)

Description of the Financial instrument, type of instrument

Ordinary shares of US$0.01 each

Identification code

GB00B67KBV28

b)

Nature of the Transaction

Acquisition of Shares

c)

Price(s) and volume(s)

Price(s)   £2.09195	Volume(s) 3,112

d)

Aggregated information

-            Aggregated volume

-            Price

3,112

£6,510.15

e)

Date of the transaction

26 September 2023

f)

Place of the transaction

XLON

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

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Central Asia Metals plc

b)

LEI

213800EYQBJZIT64NH43

4.

Details of the transaction(s):section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv)each place where transactions have been conducted

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 £2.0408027 per Share.

c)

Price(s) and volume(s)

Price(s)   £2.0408027	Volume(s) 203,442

d)

Aggregated information

-      Aggregated volume

-      Price

203,442

£415,184.98

e)

Date of the transaction

25 September 2023

f)

Place of the transaction

Outside a trading venue

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