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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: Ordinary shares of 1 pence each
Identification code: GB00B0C18177
b) Nature of the transaction: Purchase of shares
c) Price(s) and volume(s):
Price(s) Volume(s)
£1.1500 10,000
£1.1740 23,000
£1.1632 6,630
d) Aggregated information:
Price(s) Volume(s)
Aggregated volume: £1.1661 39,630
Price:
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
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 Tel: +44 (0) 20 3470 0470
Nominated Adviser and Broker
Adam Cowl SP Angel Corporate Finance LLP Tel + 44 (0) 20 3470 0470
Nominated Adviser and Broker
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/ (https://www.angloasianmining.com/)
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