LONDON (ShareCast) - (Sharecast News) - Central Asia Metals launched a share buyback programme of up to $10m on Wednesday, as it moved to reduce its share capital and return cash to investors.
The AIM-traded miner said the repurchase of ordinary shares would be conducted on the London Stock Exchange under the authority granted at its 2025 annual meeting, covering up to 18.2m shares.

It said the programme, managed by Peel Hunt on the company's behalf, would run until 31 March 2026 or until the $10m limit is reached.

All repurchased shares would be cancelled, with purchases conducted within the pricing parameters set by shareholders, including a cap at the higher of 105% of the recent five-day average price or the highest current independent bid.

The company noted that owing to the limited liquidity of its shares, daily repurchases could account for a significant portion of trading volumes, potentially exceeding 25% of the average daily level permitted under UK market abuse regulations.

CAML stressed that while the programme had been launched, there is no certainty regarding the number of shares that would ultimately be repurchased or the pace of purchases.

The firm said it would announce details of each transaction by 0730 on the business day following completion.

At 1106 BST, shares in Central Asia Metals were down 12.02% at 152.2p.

Reporting by Josh White for Sharecast.com.

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