CENTRAL ASIA METALS PLC

Remuneration Information • Apr 13, 2023

National Storage Mechanism | Additional information

RNS Number : 0343W

Central Asia Metals PLC

13 April 2023

13 April 2023

CENTRAL ASIA METALS PLC

('CAML' or the 'Company')

Grant of Long-Term Share Awards

Central Asia Metals plc (AIM:CAML) announces that, on 12 April 2023, 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 Granted1	Total LTIP Awards Post Grant2
Nigel Robinson	Chief Executive Officer	261,594	1,482,004
Gavin Ferrar	Chief Financial Officer	214,031	763,724
Louise Wrathall	Director of Corporate Development	177,955	421,971

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 2026 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.

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
Rachael Brooks

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 Twitter at @CamlMetals and on LinkedIn at Central Asia Metals Plc.

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

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

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)  261,594

d)

Aggregated information

Aggregated volume Price

N/A (Single transaction)

e)

Date of the transaction

12/04/2023

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

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

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)  214,031

d)

Aggregated information

Aggregated volume Price

N/A (Single transaction)

e)

Date of the transaction

12/04/2023

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

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

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)  177,955

d)

Aggregated information

Aggregated volume Price

N/A (Single transaction)

e)

Date of the transaction

12/04/2023

f)

Place of the transaction

Outside a trading venue

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