Director's Dealing and Issue of Equity

RNS Number : 3509Y

Anglo Asian Mining PLC

23 January 2014

 



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

Anglo Asian Mining plc

('Anglo Asian' or 'the Company')

Director's Dealing, Exercise of Options and Issue of Equity

Anglo Asian Mining plc, the AIM listed gold producer in Azerbaijan, announces that it has issued 286,665 new ordinary shares of 1.0 pence each in the capital of the Company ("New Ordinary Shares").

150,000 new ordinary shares were issued to Non-executive Director, John Monhemius further to the exercise of share options. Mr Monhemius gave notice to exercise such share options on 22 January 2014. The share options were exercised at a price of 11.5 pence per share. Following the exercise of share options, Mr Monhemius has an interest in a total of 205,556 ordinary shares in the Company, which represents approximately 0.18 per cent of the issued share capital of the Company.

In addition, 136,665 new ordinary shares were issued to an employee in lieu of a cash bonus due equating to the value of $50,000. The price for calculation of the number of shares to be issued was 22.25 pence per share, being the closing share price on the day prior to the award of the cash bonus.

The New Ordinary Shares will rank pari passu in all respects with the existing ordinary shares of 1.0 pence each in the capital of the Company. Application has been made to the London Stock Exchange for the Placing Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective on or around 28 January 2014.

Furthermore, the Company has granted 50,000 share options to an employee with an exercise price of 22.25 pence per share, being the closing mid-market price of the Company's shares on AIM on 9 December 2013. The share options vest on 30 June 2014 and are exercisable for a period of 10 years from the date of vesting.

Total Voting Rights

As a result of the issue of the New Ordinary Shares as described above, the issued share capital of the Company will consist of 111,683,972 ordinary shares of 1.0 pence each from Admission.

The Company holds no shares in treasury. The total number of voting rights in the Company is therefore 111,683,972. This figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in or a change to their interest in the Company under the Disclosure Rules and Transparency Rules of the UK Financial Conduct Authority.

**ENDS**

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

Reza Vaziri	Anglo Asian Mining plc	Tel: [phone]
Sean Duffy	Anglo Asian Mining plc	Tel: [phone]
Ewan Leggat	SP Angel Corporate Finance LLP	Tel: [phone]
Laura Littley	SP Angel Corporate Finance LLP	Tel: [phone]
Felicity Edwards	St Brides Media & Finance Ltd	Tel: [phone]
Lottie Brocklehurst	St Brides Media & Finance Ltd	Tel: [phone]

 

END

 

 

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