Anglo Asian Mining PLC PDMR Dealing (3517O)
October 02 2023 - 5:09AM
UK Regulatory
TIDMAAZ
RNS Number : 3517O
Anglo Asian Mining PLC
02 October 2023
Anglo Asian Mining plc / Ticker: AAZ / Index: AIM / Sector
Mining
2 October 2023
Anglo Asian Mining plc
PDMR Dealing
Anglo Asian Mining plc ("Anglo Asian" or the "Company"), the
AIM-listed gold, copper and silver producer focused in Azerbaijan,
announces that it was notified that a person discharging managerial
responsibility ("PDMR"), Stehen Westhead, Vice President, purchased
a total of 51,002 ordinary shares of 1 pence each in the capital of
the Company ("Ordinary Shares") at a price of 55.875 pence per
Ordinary Share.
Following these transactions, Stephen Westhead holds a
beneficial interest in 286,002 Ordinary Shares representing
approximately 0.25 per cent. of the Company's issued share
capital.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PDMRS AND
PERSONS CLOSELY ASSOCIATED WITH THEM.
1. Details of the person director
a) Name: Stephen Westhead
------------------------------------ -----------------------------
2. Reason for the notification
-------------------------------------------------------------------
a) Position/status: Vice President
------------------------------------ -----------------------------
b) Initial notification/Amendment: Initial notification
------------------------------------ -----------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name: Anglo Asian Mining
plc
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b) LEI: 213800F9JM669WH34359
------------------------------------ -----------------------------
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
-------------------------------------------------------------------
a) Description of the financial Ordinary shares of
instrument, type of instrument: 1 pence each
Identification code: GB00B0C18177
------------------------------------ -----------------------------
b) Nature of the transaction: Purchase of shares
------------------------------------ -----------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
GBP0.55875 51,002
------------------------------------ -----------------------------
d) Aggregated information: Price(s) Volume(s)
Aggregated volume: GBP0.55875 51,002
Price: ----------
------------------------------------ -----------------------------
e) Date of the transaction: 27 September 2023
------------------------------------ -----------------------------
f) Place of the transaction: London Stock Exchange,
AIM Market
------------------------------------ -----------------------------
**ENDS**
For further information please contact:
Anglo Asian Mining plc
Tel: +994 12 596
Reza Vaziri, Chief Executive Officer 3350
Tel: +994 502 910
Bill Morgan, Chief Financial Officer 400
Tel: +994 502 916
Stephen Westhead, Vice President 894
SP Angel Corporate Finance LLP (Nominated Tel: +44 (0) 20
Adviser and Broker) 3470 0470
Ewan Leggat
Adam Cowl
Hudson Sandler (Financial PR) Tel: +44 0) 20 7796
Charlie Jack 4133
Harry Griffiths
Notes to editors:
Anglo Asian Mining plc (AIM:AAZ) is a gold, copper and silver
producer with a high-quality portfolio of production and
exploration assets in Azerbaijan. The Company produced 57,618 gold
equivalent ounces ("GEOs") for the year ended 31 December 2022.
On 30 March 2023, the Company published its strategic plan for
growth which shows a clearly defined path for the Company to
transition to a multi-asset, mid-tier copper and gold producer by
2028. By 2028, copper will be the principal product of the Company,
with forecast production of around 36,000 copper equivalent tonnes.
It plans to achieve this growth by bringing into production four
new mines during 2023 to 2028 at Zafar, Gilar, Xarxar and
Garadag.
The Company owns approximately 17.4 per cent. of Libero Copper
& Gold Corporation ("Libero"). Libero is listed on the TSX
Venture Exchange in Canada and owns, or has the option to acquire,
several copper exploration properties in North and South America,
including Mocoa in Colombia, one of the world's largest undeveloped
copper-molybdenum resources.
https://www.angloasianmining.com/
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END
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