Business
Share Premium Cancellation Effective
Central Asia Metals PLC has successfully completed its Share Premium Cancellation, effective 29 April 2026, following court approval and registration at Companies House. This capital reduction, approved by shareholders on 30 March 2026, creates additional distributable reserves, enhancing the company's capacity for future dividend payments and potential share buybacks, without impacting the number or nominal value of ordinary shares or the company's underlying assets. Disclaimer*
About this update from Central Asia Metals Plc
[{"type":"text","content":"\n\n\n11 May 2026\nCentral Asia Metals PLC\n(the 'Company' or 'CAML')\nShare Premium Cancellation Effective\nCentral Asia Metals PLC (AIM: CAML) announces that at an extraordinary general meeting of the Company held on 30 March 2026, a resolution was passed by shareholders to cancel the share premium account of the Company (the 'Share Premium Cancellation').\nTo be effective, the Share Premium Cancellation, being a form of capital reduction, required Court approval and the Company is pleased to announce that this has now been obtained and, following the registration of the court order at Companies House, the Share Premium Cancellation is now effective with an effective date of 29 April 2026.\nThe Share Premium Cancellation has created further distributable reserves to support the Company's ability to make future payments of dividends to its shareholders and undertake potential further share buybacks (in each case should circumstances mean it is appropriate or desirable to do so), as well as other corporate purposes of the Company.\nThe Share Premium Cancellation will not, of itself, involve any distribution or return of capital to any shareholder and will not reduce the Company's underlying assets. The completion of the Share Premium Cancellation does not affect the rights attaching to the Ordinary Shares and does not result in any change to the number of Ordinary Shares in issue (or their nominal value).\nFor further information contact:\n\n\n\n\nCentral Asia Metals\n\n\n \n\n\n\n\nTony Hunter\n\n\nTel: +44 (0) 20 7603 1515\n\n\n\n\nCompany Secretary\n\n\n\n\n\n\n\nRichard Morgan\n\n\nTel: +44 (0) 20 7898 9001\n\n\n\n\nInvestor Relations Manager\n\n\[email protected]\n\n\n\n\nPeel Hunt (Nominated Adviser and joint broker)\n\n\nTel: +44 (0) 20 7418 8900\n\n\n\n\nRoss Allister\n\n\n \n\n\n\n\nDavid McKeown\n\n\n \n\n\n\n\nEmily Bhasin\n\n\n \n\n\n\n\nBMO Capital Markets (joint broker)\n\n\nTel: +44 (0) 20 7236 1010\n\n\n\n\nThomas Rider\n\n\n \n\n\n\n\nPascal Lussier Duquette\n\n\n \n\n\n\n\nBlytheRay (PR advisers)\n\n\nTel: +44 (0) 20 7138 3204\n\n\n\n\nMegan Ray\n\n\n\n\n\n\[email protected]\n\n\n\n\n\n\n\n\n\nRachael Brooks\n\n\n \n\n\n\n\nNote to editors:\nCentral Asia Metals, an AIM-quoted UK company based in London, owns 100% of the Kounrad SX-EW copper o...