Source - LSE Regulatory
RNS Number : 1475T
Anglo Asian Mining PLC
22 November 2021
 

Anglo Asian Mining plc / Ticker: AAZ / Index: AIM / Sector Mining

22 November 2021

Anglo Asian Mining plc

Director 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 on Friday, 19 November 2021, that a director, Khosrow Zamani, Non-executive chairman purchased a total of 39,630 ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") at an average price of 116.61 pence per Ordinary Share.

Following these transactions, Khosrow Zamani holds a beneficial interest in 1,457,982 Ordinary Shares representing approximately 1.27 per cent. of the Company's issued share capital.

Market Abuse Regulation (MAR) Disclosure

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY DIRECTORS AND PERSONS CLOSELY ASSOCIATED WITH THEM.

1.     

Details of the person director

a)

Name:

Khosrow Zamani

2.     

Reason for the notification

a)

Position/status:

Non-executive chairman (board)

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

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 instrument, type of instrument:

Identification code:

Ordinary shares of 1 pence each

 GB00B0C18177

b)

Nature of the transaction:

Purchase of shares

c)

Price(s) and volume(s):

 

Price(s)

Volume(s)

£1.1500

£1.1740

£1.1632

10,000

23,000

  6,630



 

d)

Aggregated information:

Aggregated volume:

Price:

 

Price(s)

Volume(s)

£1.1661

39,630

 

e)

Date of the transaction:

16:32 UTC, 17 November 2021

16:31 UTC, 18 November 2021

12:08 UTC, 19 November 2021

f)

Place of the transaction:

London Stock Exchange, AIM Market

 

**ENDS**

 

For further information please contact:

Reza Vaziri

Anglo Asian Mining plc

Tel: +994 12 596 3350

Bill Morgan

Anglo Asian Mining plc

Tel: +994 502 910 400

Stephen Westhead

Anglo Asian Mining plc

Tel: +994 502 916 894

Ewan Leggat

SP Angel Corporate Finance LLP

Nominated Adviser and Broker

Tel: +44 (0) 20 3470 0470

Adam Cowl

SP Angel Corporate Finance LLP

Nominated Adviser and Broker

Tel + 44 (0) 20 3470 0470

Charlie Jack

Hudson Sandler

Tel: +44(0) 20 7796 4133

 

Elfie Kent

Hudson Sandler

Tel: +44(0) 20 7796 4133

 

Notes to editors:

 

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 produced 67,249 gold equivalent ounces ("GEOs") for the year ended 31 December 2020.  The Company has a production target for the year to 31 December 2021 of 48,000 ounces to 54,000 ounces of gold and 2,500 tonnes to 2,800 tonnes of copper. This total production target expressed as gold equivalent ounces ("GEOs") at budgeted prices is between 64,000 GEOs and 72,000 GEOs.

 

The Company has recently announced a transaction with the Government of Azerbaijan which grants it three additional concessions with a combined area of 882 square kilometers which include the Garadagh porphyry copper deposit with a Soviet classified resource of over 300,000 tonnes of copper. The transaction is subject to ratification by the parliament of Azerbaijan. 

https://www.angloasianmining.com/

 

 

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