Issue of Equity

RNS Number : 4101A

Anglo Asian Mining PLC

01 August 2008

 



For immediate release

1 August 2008

ANGLO ASIAN MINING PLC

('Anglo Asian' or 'the Company')

Issue of shares 

Anglo Asian Mining PLC (AIM:AAZ) announces that, in line with previous quarters, the following Ordinary Shares have been issued to Directors in lieu of salary/fees for the period 1 May 2008 to 31 July 2008, using the closing share price on 31 July 2008 of 8.88p. In addition shares have been issued to Numis Securities Limited in settlement of outstanding fees.

The Directors have chosen to take shares in lieu of salary/fees/bonus in order to preserve the cash in the Company for the Gedabek project.

	Number of Ordinary Shares awarded	Resulting number of Ordinary Shares held	% holding of Ordinary Shares with voting rights
Resource Capital Fund III  L.P.*	39,426	6,328,581	6.20
Tim Eggar	33,454	Not applicable	Not applicable
John Sununu	50,675	9,760,670	9.56
Reza Vaziri	478,614	30,332,127	29.70
Khosrow Zamani	28,153	101,817	0.10
Richard Round	83,051	83,051	0.08
Numis Securities Limited	330,799	330,799	Not applicable
Total	1,044,172

* these shares have been awarded to RCF Management LLC  

Application will be made for the new Ordinary Shares of Anglo Asian Mining PLC to be admitted to trading on AIM. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in the Company and trading of these shares on AIM is expected to commence on 7 August 2008.

The total number of Ordinary Shares with voting rights following this issue is 102,138,462.

For further details, please contact: 

Anglo Asian Mining PLC        

Khosrow Zamani, Chairman              [phone]

Gordon Lewis, Chief Executive         [phone]

Numis Securities Limited

John Harrison, Nominated Adviser    [phone]

James Black, Corporate Broking

Parkgreen Communications    

Sue Scott/Leah Kramer                    [phone]

 

END

 

 

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