Central Asia Metals plc has granted an aggregate 704,807 nominal cost long-term share awards over ordinary shares in the company to executive directors.
INTERESTS
Granted under Central’s long-term incentive plan 2022, each award has an exercise price of $0.01 per ordinary share.
Chief executive officer Gavin Ferrar received 397,115 awards and now holds 1,250,043.
Chief financial officer Louise Wrathall received 307,692 awards and now has 838,362.
The awards vest subject to certain performance conditions and have a maximum term of 10 years from the date of grant.
Central assets are the Kounrad copper project in central Kazakhstan, the Sasa zinc-lead mine in North Macedonia and early-stage exploration investigations also in Kazakhstan.
The company additionally has a 28.4% interest in Aberdeen Minerals Ltd focused on exploration and development of base metals in northeast Scotland.