Anglo Asian Mining PLC PDMR Dealing (3517O)

TIDMAAZ

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          Ordinary shares of 
       instrument, type of instrument:       1 pence each 
       Identification code:                  GB00B0C18177 
     ------------------------------------  ----------------------------- 
 b)   Nature of the transaction:            Purchase of shares 
     ------------------------------------  ----------------------------- 
 c)   Price(s) and volume(s):                 Price(s)      Volume(s) 
                                               GBP0.55875    51,002 
     ------------------------------------  ----------------------------- 
 d)   Aggregated information:                 Price(s)      Volume(s) 
       Aggregated volume:                      GBP0.55875    51,002 
       Price:                                               ---------- 
     ------------------------------------  ----------------------------- 
 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 
                                             Tel: [phone] 
 Reza Vaziri, Chief Executive Officer         3350 
                                             Tel: [phone] 
 Bill Morgan, Chief Financial Officer         400 
                                             Tel: [phone] 
 Stephen Westhead, Vice President             894 
 
 SP Angel Corporate Finance LLP (Nominated   Tel: +44 (0) 20 
  Adviser and Broker)                         3470 0470 
  Ewan Leggat 
  Adam Cowl 
 
 Hudson Sandler (Financial PR)               Tel: [phone] 
  Charlie Jack                                4133 
  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/

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October 02, 2023 05:09 ET (09:09 GMT)