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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Anglo Asian | AQSE:AAZ.GB | Aquis Stock Exchange | Ordinary Share | GB00B0C18177 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -1.00 | -1.59% | 62.00 | 58.00 | 66.00 | 63.00 | 62.00 | 63.00 | 0.00 | 16:03:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMAAZ
RNS Number : 2871U
Anglo Asian Mining PLC
17 January 2017
Anglo Asian Mining plc / Ticker: AAZ / Index: AIM / Sector: Mining
17 January 2017
Anglo Asian Mining plc
Directors' dealing
Anglo Asian Mining plc ("Anglo Asian" or "Company"), the AIM-listed gold, copper and silver producer focused in Azerbaijan, announces that Khosrow Zamani, non-executive chairman of the Company and Richard Round, non-executive director of the Company have conditionally and irrevocably exercised certain of their share options in the Company.
On 17 January 2017, the board of directors of Anglo Asian ("the Board") approved the conditional and irrevocable exercise by Khosrow Zamani of his option to acquire 100,000 ordinary shares of 1 pence each in the share capital of Anglo Asian ("Ordinary Shares") at an exercise price of 16.5 pence per Ordinary Share, the exercise to take effect on 31 May 2017, being the day before this option will lapse. The exercise of this option is conditional upon the mid-market price of an Ordinary Share being 18 pence or more on 31 May 2017.
On 17 January 2017, the Board approved the conditional and irrevocable exercise by Khosrow Zamani of his option to acquire 500,000 Ordinary Shares at an exercise price of 12 pence per Ordinary Share, the exercise to take effect on 26 July 2017, being the day before this option will lapse. The exercise of this option is conditional upon the mid-market price of an Ordinary Share being 13.5 pence or more on 26 July 2017.
On 17 January 2017, the Board approved the conditional and irrevocable exercise by Richard Round of his option to acquire 600,000 Ordinary Shares at an exercise price of 12 pence per Ordinary Share, the exercise to take effect on 26 July 2017, being the day before this option will lapse. The exercise of this option is conditional upon the mid-market price of an Ordinary Share being 13.5 pence or more on 26 July 2017.
In addition, Khosrow Zamani and Richard Round each authorised the Company (or its agent) on 12 January 2017 and 11 January 2017, respectively, to arrange for the sale of such number of Ordinary Shares to be issued pursuant to the above share option exercises as would be required to produce net proceeds of sale (after deduction of all fees, commissions and expenses in relation to such sale) sufficient to meet the cost of exercising the share options and discharging any tax liability arising from the exercise of the share options for which the Company is liable. A further condition of these exercises is they will not occur if the relevant options are validly exercised otherwise before the specified effective date.
Further announcements concerning the above dealings will be made on or about 31 May 2017 and 26 July 2017, in respect of Khosrow Zamani, and 26 July 2017, in respect of Richard Round.
Further information concerning the above dealings is set out below.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM.
Hot Features
Premium
1. Details of the person discharging managerial
responsibilities/person closely associated
--- ------------------------------------------------------------------------------
a) Name: Khosrow Zamani
--- --------------------------------- -------------------------------------------
2. Reason for the notification
--- ------------------------------------------------------------------------------
a) Position/status: Chairman
--- --------------------------------- -------------------------------------------
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:
--- --------------------------------- -------------------------------------------
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 Ordinary shares
instrument, type of instrument: of 1 pence each
Identification code: GB00B0C18177
--- --------------------------------- -------------------------------------------
b) Nature of the transaction: Conditional and
irrevocable exercise
of share options
--- --------------------------------- -------------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
------------ ----------
16.5 pence 100,000
12.0 pence 500,000
------------ ----------
--- --------------------------------- -------------------------------------------
d) Aggregated information: Single transaction
Aggregated volume: as in 4 c) above Price(s) Volume(s)
Price: ------------- ----------
12.75 pence 600,000
------------- ----------
--- --------------------------------- -------------------------------------------
e) Date of the transaction: 2017-01-17
07:00 hrs UTC
--- --------------------------------- -------------------------------------------
f) Place of the transaction: Outside a trading
venue
--- --------------------------------- -------------------------------------------
1. Details of the person discharging managerial
responsibilities/person closely associated
--- ---------------------------------------------------------------------------
a) Name: Richard Round
--- --------------------------------- ----------------------------------------
2. Reason for the notification
--- ---------------------------------------------------------------------------
a) Position/status: Non-executive
Director
--- --------------------------------- ----------------------------------------
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:
--- --------------------------------- ----------------------------------------
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 Ordinary shares
instrument, type of instrument: of 1 pence each
Identification code: GB00B0C18177
--- --------------------------------- ----------------------------------------
b) Nature of the transaction: Conditional and
irrevocable exercise
of share options
--- --------------------------------- ----------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
---------- ----------
12 pence 600,000
---------- ----------
--- --------------------------------- ----------------------------------------
d) Aggregated information: Single transaction
Aggregated volume: as in 4 c) above Price(s) Volume(s)
Price: ---------- ----------
12 pence 600,000
---------- ----------
--- --------------------------------- ----------------------------------------
e) Date of the transaction: 2017-01-17
07:00 hrs UTC
--- --------------------------------- ----------------------------------------
f) Place of the transaction: Outside a trading
venue
--- --------------------------------- ----------------------------------------
**S**
For further information please visit www.angloasianmining.com or contact:
Anglo Asian Mining Tel: +994 12 596
Reza Vaziri plc 3350
-------------------- ------------------- ------------------
Anglo Asian Mining Tel: +994 502 910
Bill Morgan plc 400
-------------------- ------------------- ------------------
Ewan Leggat SP Angel Corporate Tel: +44 (0) 20
Finance LLP 3470 0470
Nominated Adviser
and Broker
-------------------- ------------------- ------------------
Laura Harrison SP Angel Corporate Tel + 44 (0) 20
Finance LLP 3470 0470
-------------------- ------------------- ------------------
Susie Geliher St Brides Partners Tel: +44 (0) 20
Ltd 7236 1177
-------------------- ------------------- ------------------
Lottie Brocklehurst St Brides Partners Tel: +44 (0) 20
Ltd 7236 1177
-------------------- ------------------- ------------------
Notes:
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 has a 1,962 square kilometre portfolio, assembled from analysis of historic Soviet geological data and held under a Production Sharing Agreement modelled on the Azeri oil industry.
The Company developed Azerbaijan's first operating gold/copper/silver mine, Gedabek, which commenced gold production in May 2009. Gedabek is an open cast mine with a series of interconnected pits. The Company also mines high grade ore from the Gadir underground mine which is co-located at the Gedabek site. The Company has a second underground mine, Gosha, which is 50 kilometres from Gedabek. Ore mined at Gosha is processed at Anglo Asian's Gedabek plant.
Gold production for the year ended 31 December 2016 from Gedabek totaled 65,394 ounces with 1,941 tonnes of copper also produced. Gedabek is a polymetallic deposit and its ore has a high copper content, and as a result the Company produces copper concentrate from its Sulphidisation, Acidification, Recycling, and Thickening (SART) plant. Anglo Asian also produces a copper and precious metal concentrate from its flotation plant, which is processing tailings from the agitation leach plant.
Anglo Asian is also actively seeking to exploit its first mover advantage in Azerbaijan to identify additional projects, as well as looking for other properties in order to fulfil its expansion ambitions and become a mid-tier gold and copper metal production company.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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January 17, 2017 04:00 ET (09:00 GMT)
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