Director Dealing

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 instrument, type of instrument:

Identification code:

Ordinary shares of 1 pence each

 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:

Aggregated volume:

Price:

Single transaction as in 4 c) above

Price(s)

Volume(s)

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 instrument, type of instrument:

Identification code:

Ordinary shares of 1 pence each

 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:

Aggregated volume:

Price:

Single transaction as in 4 c) above

Price(s)

Volume(s)

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

 

**ENDS**

 

 

For further information please visit www.angloasianmining.com or contact:

 

 

Reza Vaziri

Anglo Asian Mining plc

Tel: +994 12 596 3350

Bill Morgan

Anglo Asian Mining plc

Tel: +994 502 910 400

Stephen Westhead

Anglo Asian Mining plc

Tel: +994 502 916 894

Ewan Leggat

SP Angel Corporate Finance LLP

Nominated Adviser and Broker

Tel: +44 (0) 20 3470 0470

Soltan Tagiev

SP Angel Corporate Finance LLP

Tel + 44 (0) 20 3470 0470

Lottie Brocklehurst

St Brides Partners Ltd

Tel: +44 (0) 20 7236 1177

Susie Geliher

St Brides Partners Ltd

Tel: +44 (0) 20 7236 1177

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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