Central Asia Metals plc has awarded a total 653,580 nominal cost long-term share awards over ordinary shares to its executive directors.
DIRECTORS
The grant yesterday, at an exercise price of $0.01 per share, was under the company’s long-term incentive plan 2022.
Each LTIP award is exercisable in return for one ordinary share.
Chief executive officer Nigel Robinson received 261,594 LTIP awards taking his total LTIP awards to 1,482,004; chief financial officer Gavin Ferrar received 214,031 (763,724); and director of corporate development Louise Wrathall received 177,955 (421,971).
Central Asia Metals said that the LTIP awards would generally vest on 31 March 2026, subject to the directors’ performance, and have a maximum term of 10 years from the date of grant.