Anglo Asian Mining PLC Director/PDMR Shareholding (3077T)

TIDMAAZ

RNS Number : 3077T

Anglo Asian Mining PLC

23 November 2021

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

23 November 2021

Anglo Asian Mining plc

Director 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 on Tuesday, 23 November 2021, that John Monhemius, non-executive director purchased 25,000 ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") at a price of 112.90 pence per Ordinary Share.

Following these transactions, John Monhemius holds a beneficial interest in 366,890 Ordinary Shares representing approximately 0.32 per cent. of the Company's issued share capital.

Market Abuse Regulation (MAR) Disclosure

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

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

 
 1.   Details of the person director 
 a)   Name:                                  John Monhemius 
     -------------------------------------  ---------------------------- 
 2.   Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Position/status:                       Non-executive director 
                                              (board) 
     -------------------------------------  ---------------------------- 
 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) 
 
                                                GBP1.1290    25,000 
                                                            ---------- 
     -------------------------------------  ---------------------------- 
 d)   Aggregated information:                 Price(s)     Volume(s) 
       Aggregated volume:                      GBP1.1290    25,000 
       Price:                                              ---------- 
     -------------------------------------  ---------------------------- 
 e)   Date of the transaction:               11:02 UTC, 23 November 
                                              2021 
     -------------------------------------  ---------------------------- 
 f)   Place of the transaction:              London Stock Exchange, 
                                              AIM Market 
     -------------------------------------  ---------------------------- 
 

**ENDS**

For further information please contact:

 
 Reza Vaziri        Anglo Asian Mining plc       Tel: [phone] 
                                                 Tel: [phone] 
 Bill Morgan        Anglo Asian Mining plc        400 
                   ---------------------------  ---------------------- 
                                                 Tel: [phone] 
 Stephen Westhead   Anglo Asian Mining plc        894 
                   ---------------------------  ---------------------- 
 Ewan Leggat        SP Angel Corporate Finance   Tel: [phone] 
                     LLP                          0470 
                     Nominated Adviser and 
                     Broker 
                   ---------------------------  ---------------------- 
 Adam Cowl          SP Angel Corporate Finance   Tel + 44 (0) 20 3470 
                     LLP                          0470 
                     Nominated Adviser and 
                     Broker 
                   ---------------------------  ---------------------- 
 Charlie Jack       Hudson Sandler               Tel: [phone] 
                                                  4133 
                   ---------------------------  ---------------------- 
 Elfie Kent         Hudson Sandler               Tel: [phone] 
                                                  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 67,249 gold equivalent ounces ("GEOs") for the year ended 31 December 2020. The Company has a production target for the year to 31 December 2021 of 48,000 ounces to 54,000 ounces of gold and 2,500 tonnes to 2,800 tonnes of copper. This total production target expressed as gold equivalent ounces ("GEOs") at budgeted prices is between 64,000 GEOs and 72,000 GEOs.

The Company has recently announced a transaction with the Government of Azerbaijan which grants it three additional concessions with a combined area of 882 square kilometers which include 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.

https://www.angloasianmining.com/

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November 23, 2021 08:19 ET (13:19 GMT)