Grant of Options

RNS Number : 5225A

Anglo Asian Mining PLC

03 February 2022

 

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

Anglo Asian Mining plc

Grant of Options

Anglo Asian Mining plc ("Anglo Asian" or "the Company"), the AIM listed gold, copper and silver producer primarily focused in Azerbaijan, announces that the board of directors of the Company has agreed to issue options to one person discharging managerial responsibility. This is Stephen Westhead, Vice President over a total of 160,000 ordinary shares of £0.01 in the capital of the Company. These options will vest as follows:

a)  50 per cent. on  2 February 2023

b)  50 per cent. on  2 February 2024

The options represent in aggregate 0.14 per cent. of the existing share capital of the Company and have been issued to Stephen Westhead in line with the Company's on-going incentive plans. The exercise price of £1.11 is the closing mid-market price of the shares on Monday, 31 January 2022. The options expire on 2 February 2027.

The notification below, made in accordance with the requirements of the Market Abuse Regulation (EU) No. 596/2014, as incorporated into UK law by the European (Withdrawal) Act 2018, provides further details on the grant of options to Stephen Westhead.

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:	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 instrument, type of instrument: Identification code:	Share options over ordinary shares of par value £0.01  GB00B0C18177
b)	Nature of the transaction:	Grant of options over ordinary shares
c)	Price(s) and volume(s):	Price(s) Volume(s) £1.11 160,000
d)	Aggregated information: Aggregated volume: Price:	Single transaction as in 4 c) above Price(s) Volume(s) £1.11 160,000
f)	Date of the transaction:	2022-02-02 14:00 hours UTC
g)	Place of the transaction:	Outside a trading venue

**ENDS**

For further information please contact:

Reza Vaziri	Anglo Asian Mining plc	Tel: [phone]
Bill Morgan	Anglo Asian Mining plc	Tel: [phone]
Stephen Westhead	Anglo Asian Mining plc	Tel: [phone]
Ewan Leggat	SP Angel Corporate Finance LLP Nominated Adviser and Broker	Tel: [phone]
Adam Cowl	SP Angel Corporate Finance LLP Nominated Adviser and Broker	Tel + 44 (0) 20 3470 0470
Charlie Jack	Hudson Sandler	Tel: [phone]
Elfie Kent	Hudson Sandler	Tel: [phone]

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 64,610 gold equivalent ounces ("GEOs") for the year ended 31 December 2021. 

In September 2021, the Company announced a transaction with the Government of Azerbaijan which grants it three additional concessions with a combined area of 882 square kilometres, including 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.

In December 2021, the Company undertook a private placement which acquired 19.8 per cent. of Libero Copper & Gold Corporation ("Libero"). The transaction was completed in January 2022. 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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