REG - Anglo Asian Mining - Grant of Options

Anglo Asian MiningAnnouncement

13/12/2021 07:00

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RNS Number : 3512V  Anglo Asian Mining PLC  13 December 2021

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

 

Anglo Asian Mining plc

Grant of Options

 

Anglo Asian Mining plc ("Anglo Asian" or "the Company"), the AIM listed gold,
copper and silver producer focused in Azerbaijan, announces that the board of
directors of the Company has agreed to issue options to two persons
discharging managerial responsibility. These are William Morgan, Chief
Financial Officer and Ilham Khalilov, Director of Finance, AIMC over a total
of 120,000 and 100,000 Ordinary Shares respectively of £0.01 in the capital
of the Company. These options will vest as follows:

 

a)    50 per cent. on 13 December 2022

b)    50 per cent. on 13 December 2023

 

The options represent in aggregate 0.19 per cent. of the existing share
capital of the Company and have been issued to William Morgan and Ilham
Khalilov in line with the Company's on-going incentive plans. The exercise
price of £1.15 is the closing mid-market price of the shares on Thursday, 9
December 2021. The options expire on 13 December 2026.

 

The notification below, made in accordance with the requirements of the Market
Abuse Regulation (EU) No. 596/2014, as incorporated into UK law by the
European (Withdrawal) Act 2018, provides further details on the grant of
options to William Morgan and Ilham Khalilov.

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:  Share options over ordinary shares of par value £0.01

               Identification code:                                           GB00B0C18177
 b)            Nature of the transaction:                                    Grant of options over ordinary shares
 c)            Price(s) and volume(s):

Price(s)  Volume(s)
                                                                             £1.15     120,000

 
 d)            Aggregated information:                                       Single transaction as in 4 c) above

Price(s)  Volume(s)
               Aggregated volume:                                            £1.15     120,000

               Price:
 f)            Date of the transaction:                                      2021-12-10

                                                                             14:00 hours UTC
 g)            Place of the transaction:                                     Outside a trading venue

 

d)

Aggregated information:

Aggregated volume:

Price:

Single transaction as in 4 c) above

 Price(s)  Volume(s)
 £1.15     120,000

f)

Date of the transaction:

2021-12-10

14:00 hours UTC

g)

Place of the transaction:

Outside a trading venue

 

 1.            Details of the person discharging managerial responsibilities/person closely
               associated
 a)            Name:                                                         Ilham Khalilov
 2.            Reason for the notification
 a)            Position/status:                                              Financial director, AIMC
 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:  Share options over ordinary shares of par value £0.01

               Identification code:                                           GB00B0C18177
 b)            Nature of the transaction:                                    Grant of options over ordinary shares
 c)            Price(s) and volume(s):

Price(s)  Volume(s)
                                                                             £1.15     100,000

 
 d)            Aggregated information:                                       Single transaction as in 4 c) above

Price(s)  Volume(s)
               Aggregated volume:                                            £1.15     100,000

               Price:
 f)            Date of the transaction:                                      2021-12-10

                                                                             14:00 hours UTC
 g)            Place of the transaction:                                     Outside a trading venue

 

d)

Aggregated information:

Aggregated volume:

Price:

Single transaction as in 4 c) above

 Price(s)  Volume(s)
 £1.15     100,000

f)

Date of the transaction:

2021-12-10

14:00 hours UTC

g)

Place of the transaction:

Outside a trading venue

 

**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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