Exercise of Options and Issue of Equity

Anglo Asian Mining PLC

04 June 2026

 

4 June 2026

Exercise of Options and Issue of Equity

Anglo Asian Mining PLC ("Anglo Asian", the "Company" or the "Group"), the AIM listed gold, copper and silver producer focused in Azerbaijan, announces that it has allotted 120,000 new ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") pursuant to the exercise of options by William Morgan, Chief Financial Officer and a person discharging managerial responsibilities ("PDMR").

Further information is provided below:

Name	Position	Exercise price (pence)	Number of share options exercised
William Morgan	Chief Financial Officer	115.0	120,000

Following the issue of the new Ordinary Shares referred to above, Mr Morgan has an interest in a total of 420,000 Ordinary Shares, representing 0.367 per cent. of the issued Ordinary Share capital, as enlarged by the issue of new Ordinary Shares in connection with the above share option exercise.

Admission and Total Voting Rights

The 120,000 new Ordinary Shares will rank pari passu in all respects with the existing ordinary shares of 1p each in the Company including the right to receive any dividend or other distribution thereafter declared, made or paid. Application has been made to the London Stock Exchange for the new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and that dealings in the new Ordinary Shares will commence on or around 10 June 2026.

Following the issue of the new Ordinary Shares, the Company's issued share capital now consists of 114,612,024 ordinary shares of 1p each, 150,000 of which are held in treasury. Therefore, the total number of voting rights in the Company is 114,462,024.

The above figure of 114,462,024 may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

For further information please contact:

Anglo Asian Mining plc
Reza Vaziri, Chief Executive Officer	Tel: [phone]
Bill Morgan, Chief Financial Officer	Tel: [phone]
Stephen Westhead, Vice President	Tel: [phone]
Amir Vaziri, Chief Business Development Officer	Tel: [phone]
Peel Hunt LLP (Broker) Ross Allister David McKeown Emily Bhasin	Tel: [phone]
SP Angel Corporate Finance LLP (Nominated Adviser) Ewan Leggat Adam Cowl	Tel: [phone]
Hudson Sandler (Financial PR)  Charlie Jack Harry Griffiths	[e-mail] Tel: [phone]

**ENDS**

Notes to editors:

Anglo Asian Mining plc (AIM:AAZ) is a copper and gold producer with a high-quality portfolio of production and exploration assets in Azerbaijan. The Company produced 7,915 tonnes of copper and 25,061 ounces of gold for the year ended 31 December 2025.

The Company's strategic plan for growth shows a clearly defined path for the Company to transition to a multi-asset, mid-tier, copper and gold producer by 2030, by which time copper will be the principal product of the Company, with forecast annual production of around 50,000 to 55,000 tonnes of copper. It plans to achieve this growth by bringing into production three new mines during the period 2027 to 2030 at Xarxar, Garadag and Zafar, in addition to the newly opened Gilar and Demirli mines. Production commenced at the Gilar mine in May 2025 and Demirli in July 2025. https://www.angloasianmining.com/

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:	William Morgan
2.	Reason for the notification
a)	Position/status:	Chief Financial Officer
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:	Exercise of share options
c)	Price(s) and volume(s):	Price(s) Volume(s) 115.00p 120,000
d)	Aggregated information:	N/A
e)	Date of the transaction:	2026-06-04
f)	Place of the transaction:	Off-market

 

END