Anglo Asian Mining PLC Director Dealing (3477M)
28 July 2017 - 1:30AM
UK Regulatory
TIDMAAZ
RNS Number : 3477M
Anglo Asian Mining PLC
27 July 2017
Anglo Asian Mining plc / Ticker: AAZ / Index: AIM / Sector
Mining
27 July 2017
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 on 27 July 2017 it was notified that Khosrow Zamani,
Non-executive Chairman of the Company and Richard Round,
Non-executive Director of the Company have each sold 341,238 and
545,079 ordinary shares of 1 pence each in the Company ("Ordinary
Shares") respectively at a price of 17.72p.
On 17 January 2017, the Board approved the conditional and
irrevocable exercise by Khosrow Zamani and Richard Round of their
options to acquire 500,000 and 600,000 Ordinary Shares respectively
at an exercise price of 12 pence per Ordinary Share ("Option
Agreement"), the exercise of which was deemed to occur on 26 July
2017. The exercise of these options was conditional upon the
mid-market price of an Ordinary Share being 13.5 pence or more on
26 July 2017.
Pursuant to the Option Agreement, Khosrow Zamani and Richard
Round each agreed to 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.
Following this transaction, Khosrow Zamani has interest in a
total of 1,418,352 Ordinary Shares, representing 1.25 per cent. of
the issued Ordinary Share capital of the Company.
Following this transaction, Richard Round has an interest in a
total of 361,680 Ordinary Shares, representing 0.32 per cent. of
the issued Ordinary Share capital of the Company.
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 until the release of this
announcement.
The notifications below, made in accordance with the
requirements of the EU Market Abuse Regulation, provide further
detail on the director's share dealing.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY
ASSOCIATED WITH THEM.
1. Details of the person discharging managerial
responsibilities/person closely associated
--- --------------------------------------------------------------------------
a) Name: Khosrow Zamani
--- --------------------------------- ---------------------------------------
2. Reason for the notification
--- --------------------------------------------------------------------------
a) Position/status: Non-executive
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: 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
instrument, type of instrument: of 1 pence each
Identification code: GB00B0C18177
--- --------------------------------- ---------------------------------------
b) Nature of the transaction: Sale of shares
--- --------------------------------- ---------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
--------- ----------
17.72p 341,238
--- --------------------------------- ---------------------------------------
d) Aggregated information: Single transaction
Aggregated volume: as in 4 c) above Price(s) Volume(s)
Price: --------- ----------
17.72p 341,238
--------- ----------
--- --------------------------------- ---------------------------------------
e) Date of the transaction: 2017-07-27
11:51 hrs UTC
--- --------------------------------- ---------------------------------------
f) Place of the transaction: London Stock
Exchange, AIM
Market
--- --------------------------------- ---------------------------------------
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: 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
instrument, type of instrument: of 1 pence each
Identification code: GB00B0C18177
--- --------------------------------- ---------------------------------------
b) Nature of the transaction: Sale of shares
--- --------------------------------- ---------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
--------- ----------
17.72p 545,079
--------- ----------
--- --------------------------------- ---------------------------------------
d) Aggregated information: Single transaction
Aggregated volume: as in 4 c) above Price(s) Volume(s)
Price: --------- ----------
17.72p 545,079
--------- ----------
--- --------------------------------- ---------------------------------------
e) Date of the transaction: 2017-07-27
11:51 hrs UTC
--- --------------------------------- ---------------------------------------
f) Place of the transaction: London Stock
Exchange, AIM
Market
--- --------------------------------- ---------------------------------------
**S**
For further information please visit www.angloasianmining.com or
contact:
Anglo Asian Tel: +994 12
Reza Vaziri Mining plc 596 3350
-------------- ------------------- --------------
Anglo Asian Tel: +994 502
Bill Morgan Mining plc 910 400
-------------- ------------------- --------------
Stephen Anglo Asian Tel: +994 502
Westhead Mining plc 916 894
-------------- ------------------- --------------
Ewan Leggat SP Angel Corporate Tel: +44 (0)
Finance LLP 20 3470 0470
Nominated Adviser
and Broker
-------------- ------------------- --------------
Soltan SP Angel Corporate Tel + 44 (0)
Tagiev Finance LLP 20 3470 0470
-------------- ------------------- --------------
Lottie St Brides Partners Tel: +44 (0)
Brocklehurst Ltd 20 7236 1177
-------------- ------------------- --------------
Susie Geliher St Brides Partners Tel: +44 (0)
Ltd 20 7236 1177
-------------- ------------------- --------------
The company news service from the London Stock Exchange
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