Central Asia Metals

Central Asia Metals posted strong first-half 2026 results: revenue rose 46% to $145.5m, EBITDA increased 89% to $75.5m, and adjusted free cash flow climbed 189% to $46.8m. The company announced an interim dividend of 8 pence, reported cash reserves of $97.2m and only minimal debt. Production improved at Kounrad and Sasa, and management says 2026 targets remain achievable. The shares jumped in pre-market trading, and Central Asia Metals plans to acquire Cygnus Metals in an all-share deal, with the transaction targeted to close in October 2026. » Más en de.investing.com

Central Asia Metals has published the circular on the proposed takeover of Cygnus Metals and convened an extraordinary general meeting for 4 September 2026 to approve the issue of new CAML shares for the acquisition. Cygnus has lodged the Scheme Booklet with the ASX; under the terms shareholders would receive 0.06 new CAML shares for each Cygnus share. The takeover is structured as a court‑approved scheme of arrangement under Australian law; shareholder approvals and court approval are planned for September 2026, with a target completion date of 5 October 2026. » Más en de.investing.com

GLG Partners has increased its holding in Central Asia Metals to 6.000571% of issued shares and now directly holds 10,663,676 shares. Including cash-settled financial instruments, the total position is 6.007414% (10,675,837 shares). The threshold was crossed on July 17; the previously reported holding was 5.026789%. GLG is not controlled by any natural or legal person and does not control any other shareholders. » Más en de.investing.com