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 instrument, type of instrument: Identification code: | Ordinary shares of 1 pence each GB00B0C18177 | ||||||
| b) | Nature of the transaction: | Purchase of shares | ||||||
| c) | Price(s) and volume(s): |
| ||||||
| d) | Aggregated information: Aggregated volume: 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 | |
| Reza Vaziri, Chief Executive Officer | Tel: +994 12 596 3350 |
| Bill Morgan, Chief Financial Officer | Tel: +994 502 910 400 |
| Stephen Westhead, Vice President | Tel: +994 502 916 894 |
| | |
| SP Angel Corporate Finance LLP (Nominated Adviser and Broker) Ewan Leggat Adam Cowl | Tel: +44 (0) 20 3470 0470 |
| | |
| Hudson Sandler (Financial PR) Charlie Jack Harry Griffiths
| Tel: +44 0) 20 7796 4133
|
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/
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
