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LONDON - Central Asia Metals PLC (AIM:CAML) has announced the granting of long-term incentive plan (LTIP) awards to its executive directors, a move aimed at aligning management’s interests with those of shareholders. The awards were granted on Thursday, May 29, 2025, and are exercisable for ordinary shares at a nominal cost of $0.01 each.
Chief Executive Officer Gavin Ferrar received 397,115 LTIP awards, bringing his total to 1,250,043, while Chief Financial Officer Louise Wrathall was granted 307,692 awards, totaling 838,362 post-grant. The vesting of these awards, set for March 31, 2028, is contingent upon meeting specific performance conditions.
The company has stated that 80% of the LTIP awards will vest based on the total shareholder return of CAML relative to its industry peers over a three-year period ending December 31, 2027. The remaining 20% will vest based on the achievement of CAML’s long-term sustainability targets.
These LTIP awards have a maximum term of ten years from the date of grant, subject to any earlier lapsing under the plan. This information is based on a press release statement from Central Asia Metals PLC.
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