REG - Anglo Asian Mining - PDMR Dealing

Anglo Asian MiningAnnouncement

02/10/2023 10:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20231002:nRSB3517Oa&default-theme=true

RNS Number : 3517O  Anglo Asian Mining PLC  02 October 2023

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

2 October 2023

Anglo Asian Mining plc

PDMR 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 that a person discharging managerial responsibility ("PDMR"), Stehen
Westhead, Vice President,  purchased a total of 51,002 ordinary shares of 1
pence each in the capital of the Company ("Ordinary Shares") at a price of
55.875 pence per Ordinary Share.

Following these transactions, Stephen Westhead holds a beneficial interest in
286,002 Ordinary Shares representing approximately 0.25 per cent. of the
Company's issued share capital.

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

 1.            Details of the person director
 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:  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)
                                                                             £0.55875   51,002

 
 d)            Aggregated information:

Price(s)   Volume(s)
               Aggregated volume:                                            £0.55875   51,002

               Price:
 
 e)            Date of the transaction:                                      27 September 2023
 f)            Place of the transaction:                                     London Stock Exchange, AIM Market

 

d)

Aggregated information:

Aggregated volume:

Price:

 

 Price(s)   Volume(s)
 £0.55875   51,002

 

e)

Date of the transaction:

27 September 2023

f)

Place of the transaction:

London Stock Exchange, AIM Market

 

**ENDS**

 

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

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

 Ewan Leggat

 Adam Cowl

 Hudson Sandler (Financial PR)                                  Tel: +44 0) 20 7796 4133

 Charlie Jack

 Harry Griffiths

 

 

Notes to editors:

 

Anglo Asian Mining plc (AIM:AAZ) is a gold, copper and silver producer with a
high-quality portfolio of production and exploration assets in Azerbaijan.
The Company produced 57,618 gold equivalent ounces ("GEOs") for the year
ended 31 December 2022.

On 30 March 2023, the Company published its strategic plan for growth which
shows a clearly defined path for the Company to transition to a multi-asset,
mid-tier copper and gold producer by 2028. By 2028, copper will be the
principal product of the Company, with forecast production of around 36,000
copper equivalent tonnes. It plans to achieve this growth by bringing into
production four new mines during 2023 to 2028 at Zafar, Gilar, Xarxar and
Garadag.

The Company owns approximately 17.4 per cent. of Libero Copper & Gold
Corporation ("Libero"). 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/)

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHMTBLTMTMMMAJ