REG - Anglo Asian Mining - Transaction in own shares

Anglo Asian MiningAnnouncement

16/09/2022 15:45

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RNS Number : 8140Z  Anglo Asian Mining PLC  16 September 2022

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

 

 

16 September 2022

 

Anglo Asian Mining plc

 

Transaction in own shares

 

Anglo Asian Mining plc ("Anglo Asian" or the "Company"), the AIM-listed gold,
copper and silver producer focused in Azerbaijan, is pleased to announce that
it has purchased a total of 50,000 of its ordinary shares of 1 pence each in
the capital of the Company (the "Shares") through the Company's Broker, SP
Angel Corporate Finance LLP as follows:

 

Date of purchase:  16 September 2022

 

Number of Shares purchased: 50,000 Shares

 

Price paid per Share:  73.0 pence

 

The Company intends to hold these Shares in Treasury. Including Shares which
have been purchased but not yet settled, the Company holds 150,000 Shares in
Treasury.

 

Following the above purchase, the total number of Shares in issue is
114,242,024 (excluding Shares held in Treasury). This number represents the
total voting rights in the Company and may be used by shareholders as the
denominator for the calculations by which they can determine if they are
required to notify their interest in, or a change to their interest in the
Company under the Financial Conduct Authority's Disclosure Guidance and
Transparency Rules.

 

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed
inside information for the purposes of Article 7 of Regulation (EU) No
596/2014, which was incorporated into UK law by the European
Union (Withdrawal) Act 2018, until the release of this announcement.

 

**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

 Adam Cowl         Nominated Adviser and Broker
 Charlie Jack      Hudson Sandler                  Tel: +44(0) 20 7796 4133

 Harry Griffiths

 

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 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.

 

On 5 July 2022, the Government of Azerbaijan ratified amendments to its
Production Sharing Agreement, granting Anglo Asian three additional
concessions totalling a combined area of 882 square kilometres. This includes
the Garadagh porphyry copper deposit, with a Soviet classified resource of
over 300,000 tonnes of copper. The acquisition of these concessions is
transformational to Anglo Asian's asset portfolio and underpins the strategic
target of transitioning into a mid-tier copper focused miner.

https://www.angloasianmining.com/ (https://www.angloasianmining.com/)

 

 

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