Anglo Asian Mining PLC Issue of Shares / Directors Dealing (8135T)
July 22 2015 - 10:50AM
UK Regulatory
TIDMAAZ
RNS Number : 8135T
Anglo Asian Mining PLC
22 July 2015
Anglo Asian Mining plc / Ticker: AAZ / Index: AIM / Sector:
Mining
22 July 2015
Anglo Asian Mining plc
Issue of Shares / Directors Dealing
Anglo Asian Mining plc ("Anglo Asian" or "the Company"), the AIM
listed gold, copper and silver producer focused in Azerbaijan,
announces that it has issued a total of 977,052 new ordinary shares
of 1 pence each ("New Shares") to certain Directors of the Company
in lieu of remuneration and expenses due for the six months ended
30 June 2015.
The New Shares were issued on 22 July 2015 at a price of 6.19p
per share, such price being the weighted average of the total
remuneration and expenses due to each director below at the end of
each month divided by the closing mid-market price on the last
trading day of each month.
The shares issued to each director is as follows:
Director Number of Total Interest Total interest
New Shares in ordinary in ordinary
issue shares following shares as
the issue a % of enlarged
of New Shares issued share
capital
Khosrow Zamani 666,406 1,259,590 1.12
Richard Round 152,801 306,759 0.27
John Monhemius 157,845 342,643 0.31
The New Shares will rank pari passu in all respects with the
existing ordinary shares of 1 pence each in the Company including
the right to receive any dividend or other distribution thereafter
declared, made or paid. Application has been made to the London
Stock Exchange for the New Shares to be admitted to trading on AIM
('Admission'). It is expected that Admission will become effective
and that dealings in the New Shares will commence on 28 July
2015.
As a result of the issue of the New Shares, the Company's issued
share capital now consists of 112,661,024 ordinary shares of 1
pence each.
For further information please visit www.angloasianmining.com or
contact:
Anglo Asian Mining Tel: +994 12 596
Reza Vaziri plc 3350
-------------------- ------------------- ------------------
Anglo Asian Mining Tel: +994 502 910
Bill Morgan plc 400
-------------------- ------------------- ------------------
Ewan Leggat SP Angel Corporate Tel: +44 (0) 20
Finance LLP 3470 0470
Nominated Adviser
and Broker
-------------------- ------------------- ------------------
Stuart Gledhill SP Angel Corporate Tel + 44 (0) 20
Finance LLP 3470 0470
-------------------- ------------------- ------------------
Felicity Winkles St Brides Partners Tel: +44 (0) 20
Ltd 7236 1177
-------------------- ------------------- ------------------
Lottie Brocklehurst St Brides Partners Tel: +44 (0) 20
Ltd 7236 1177
-------------------- ------------------- ------------------
Notes:
Anglo Asian Mining plc (AIM:AAZ) is a gold, copper and silver
producer in Central Asia with a broad portfolio of production and
exploration assets in Azerbaijan. The Company has a 1,962 square
kilometre prospective exploration portfolio, assembled from
analysis of historic Soviet geological data and held under a
Production Sharing Agreement modelled on the Azeri oil
industry.
The Company developed Azerbaijan's first operating
gold/copper/silver mine, Gedabek, which commenced gold production
in May 2009. Gold production for the year ended 31 December 2014
from Gedabek totalled 60,285 ounces and 784 tonnes of copper. The
Company is also developing a second resource area, Gosha, which is
50 kilometres from Gedabek, and the ore produced at Gosha is
processed at Anglo Asian's Gedabek plant. The Company's production
target for full year 2015 is between 70,000 ounces and 75,000
ounces of gold. Gedabek is a polymetallic deposit and its ore has a
high copper content, and as a result the Company produces copper
concentrate from its Sulphidisation, Acidification, Recycling, and
Thickening (SART) plant. Anglo Asian is also constructing a small
scale, low capital expenditure flotation plant to produce a copper
and precious metal concentrate. This will initially process ore
from its existing stockpiles of sulphide ore with a high copper
content.
Anglo Asian is also actively looking to exploit its first mover
advantage in Azerbaijan to identify additional projects, as well as
looking for other properties in order to fulfil its expansion
ambitions and become a mid-tier gold and copper metal production
company.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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