Anglo Asian Mining PLC Issue of Equity and Director Shareholding (2033M)
27 July 2017 - 4:00PM
UK Regulatory
TIDMAAZ
RNS Number : 2033M
Anglo Asian Mining PLC
27 July 2017
Anglo Asian Mining plc / Ticker: AAZ / Index: AIM / Sector
Mining
27 July 2017
Anglo Asian Mining plc
Issue of Equity and Director Shareholding
Anglo Asian Mining plc ("Anglo Asian" or "the Company"), the AIM
listed gold, silver and copper producer in Azerbaijan, has today
applied for the admission of 1,100,000 new ordinary shares of 1p
each in the share capital of the Company ("Ordinary Shares") to be
admitted to trading on AIM.
The Ordinary Shares were issued by Anglo Asian pursuant to the
conditional and irrevocable exercise of share options at 12 pence
per new Ordinary Share by Khosrow Zamani, Non-executive Chairman of
Anglo Asian, and Richard Round, Non-executive Director of the
Company, on 26 July 2017. The conditional and irrevocable exercise
of the share options was previously announced by the Company on 17
January 2017.
The new Ordinary Shares will rank pari passu in all respects
with the existing ordinary shares of 1 pence each in the Company
including the right to receive any dividend or other distribution
thereafter declared, made or paid. Application has been made to the
London Stock Exchange for the new Ordinary Shares to be admitted to
trading on AIM ('Admission'). It is expected that Admission will
become effective and that dealings in the new Ordinary Shares will
commence on 3 August 2017.
Following the issue of the new Ordinary Shares referred to
above, Khosrow Zamani has an interest in a total of 1,759,590
Ordinary Shares, representing 1.55 per cent. of the issued Ordinary
Share capital, as enlarged by the issue of new Ordinary Shares in
connection with the above share option exercises.
Following the issue of the new Ordinary Shares referred to
above, Richard Round has an interest in a total of 906,759 Ordinary
Shares, representing 0.80 per cent. of the issued Ordinary Share
capital, as enlarged by the issue of new Ordinary Shares in
connection with the above share option exercises.
Following the issue of the new Ordinary Shares, the Company's
issued share capital now consists of 113,761,024 ordinary shares of
1p each, none of which are held in treasury. Therefore, the total
number of voting rights in the Company is 113,761,024.
The above figure of 113,761,024 may be used by shareholders in
the Company as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change in their interest in, the share capital of the Company
under the FCA's Disclosure and Transparency Rules.
**ENDS**
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
Soltan Tagiev Finance LLP 3470 0470
Nominated Adviser
and Broker
-------------------- ------------------- ------------------
Lottie Brocklehurst St Brides Partners Tel: +44 (0) 20
Ltd 7236 1177
-------------------- ------------------- ------------------
Susie Geliher 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 operates the high grade 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
totalled 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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