REG - Anglo Asian Mining - Grant of Options

Anglo Asian MiningAnnouncement

03/02/2022 07:00

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RNS Number : 5225A  Anglo Asian Mining PLC  03 February 2022

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 primarily focused in Azerbaijan, announces that the
board of directors of the Company has agreed to issue options to one person
discharging managerial responsibility. This is Stephen Westhead, Vice
President over a total of 160,000 ordinary shares of £0.01 in the capital of
the Company. These options will vest as follows:

 

a)    50 per cent. on  2 February 2023

b)    50 per cent. on  2 February 2024

 

The options represent in aggregate 0.14 per cent. of the existing share
capital of the Company and have been issued to Stephen Westhead in line with
the Company's on-going incentive plans. The exercise price of £1.11 is the
closing mid-market price of the shares on Monday, 31 January 2022. The options
expire on 2 February 2027.

 

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 Stephen Westhead.

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:                                                         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
 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)
                                                                             £1.11     160,000

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

Price(s)  Volume(s)
               Aggregated volume:                                            £1.11     160,000

               Price:
 f)            Date of the transaction:                                      2022-02-02

                                                                             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)
 £1.11     160,000

f)

Date of the transaction:

2022-02-02

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 64,610 gold equivalent ounces ("GEOs") for
the year ended 31 December 2021.

In September 2021, the Company announced a transaction with the Government of
Azerbaijan which grants it three additional concessions with a combined area
of 882 square kilometres, including 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.

In December 2021, the Company undertook a private placement which acquired
19.8 per cent. of Libero Copper & Gold Corporation ("Libero"). The
transaction was completed in January 2022. 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/ (https://www.angloasianmining.com/)

 

 

 

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