REG - Anglo Asian Mining - Exercise of Options and Issue of Equity

Anglo Asian MiningAnnouncement

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RNS Number : 0860H  Anglo Asian Mining PLC  04 June 2026

4 June 2026

 

Exercise of Options and Issue of Equity

 

Anglo Asian Mining PLC ("Anglo Asian", the "Company" or the "Group"), the AIM
listed gold, copper and silver producer focused in Azerbaijan, announces that
it has allotted 120,000 new ordinary shares of 1 pence each in the capital of
the Company ("Ordinary Shares") pursuant to the exercise of options by William
Morgan, Chief Financial Officer and a person discharging managerial
responsibilities ("PDMR").

 

Further information is provided below:

 

 Name            Position                 Exercise price (pence)  Number of share options exercised
 William Morgan  Chief Financial Officer  115.0                   120,000

 

Following the issue of the new Ordinary Shares referred to above, Mr Morgan
has an interest in a total of 420,000 Ordinary Shares, representing 0.367 per
cent. of the issued Ordinary Share capital, as enlarged by the issue of new
Ordinary Shares in connection with the above share option exercise.

 

Admission and Total Voting Rights

 

The 120,000 new Ordinary Shares will rank pari passu in all respects with the
existing ordinary shares of 1p 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 Ordinary
Shares to be admitted to trading on AIM ("Admission"). It is expected that
Admission will become effective and that dealings in the new Ordinary Shares
will commence on or around 10 June 2026.

 

Following the issue of the new Ordinary Shares, the Company's issued share
capital now consists of 114,612,024 ordinary shares of 1p each, 150,000 of
which are held in treasury. Therefore, the total number of voting rights in
the Company is 114,462,024.

 

The above figure of 114,462,024 may be used by shareholders in the Company as
the denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change in their interest in, the
share capital of the Company under the FCA's Disclosure and Transparency
Rules.

 

 

For further information please contact:

 

 

 Anglo Asian Mining plc
 Reza Vaziri, Chief Executive Officer                                                                                                                                       Tel: +994 12 596 3350
 Bill Morgan, Chief Financial Officer                                                                                                                                       Tel: +994 502 910 400
 Stephen Westhead, Vice President                                                                                                                                           Tel: +994 502 916 894
 Amir Vaziri, Chief Business Development Officer                                                                                                                            Tel: +1 (301) 332 9938

 Peel Hunt LLP (Broker)                                                                                                                                                     Tel: +44 (0) 20 7418 8900

 Ross Allister

 David McKeown

 Emily Bhasin

 SP Angel Corporate Finance LLP (Nominated Adviser)                                                                                                                         Tel: +44 (0) 20 3470 0470

 Ewan Leggat

 Adam Cowl

 Hudson Sandler (Financial PR)                                                                                                                                              aaz@hudsonsandler.com (mailto:aaz@hudsonsandler.com)

 Charlie Jack                                                                                                                                                               Tel: +44 (0) 20 7796 4133

 Harry Griffiths

 

**ENDS**

 

Notes to editors:

Anglo Asian Mining plc (AIM:AAZ) is a copper and gold producer with a
high-quality portfolio of production and exploration assets in Azerbaijan. The
Company produced 7,915 tonnes of copper and 25,061 ounces of gold for the year
ended 31 December 2025.

 

The Company's strategic plan for growth shows a clearly defined path for the
Company to transition to a multi-asset, mid-tier, copper and gold producer by
2030, by which time copper will be the principal product of the Company, with
forecast annual production of around 50,000 to 55,000 tonnes of copper. It
plans to achieve this growth by bringing into production three new mines
during the period 2027 to 2030 at Xarxar, Garadag and Zafar, in addition to
the newly opened Gilar and Demirli mines. Production commenced at the Gilar
mine in May 2025 and Demirli in July 2025. https://www.angloasianmining.com/
(https://www.angloasianmining.com/)

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM.

 

 1.            Details of the person discharging managerial responsibilities/person closely
               associated
 a)            Name:                                                         William Morgan
 2.            Reason for the notification
 a)            Position/status:                                              Chief Financial Officer

 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:                                    Exercise of share options
 c)            Price(s) and volume(s):

Price(s)  Volume(s)
                                                                             115.00p   120,000

 

 d)            Aggregated information:                                       N/A

 e)            Date of the transaction:                                      2026-06-04
 f)            Place of the transaction:                                     Off-market

 

 

d)

Aggregated information:

 

N/A

 

e)

Date of the transaction:

2026-06-04

f)

Place of the transaction:

Off-market

 

 

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