30 September 2024
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 Governor John Sununu, Non-Executive Director of the Company, has transferred 9,171,825 ordinary shares to Sununu Holdings LLC, a family asset holding company managed by Michael Sununu, Non-Executive Director of Anglo Asian.
As a result of the transfer, Governor Sununu remains interested in 1,562,715 ordinary shares, representing 1.4% of the issued share capital. Sununu Holdings LLC, managed by Michael Sununu, is interested in 9,171,825 ordinary shares, representing 8.0% of the issued share capital.
Further information about the dealings is set out below.
For further information please contact:
| Anglo Asian Mining plc
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| 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 |
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| SP Angel Corporate Finance LLP (Nominated Adviser and Broker) Ewan Leggat Adam Cowl | Tel: +44 (0) 20 3470 0470 |
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| Hudson Sandler (Financial PR) Charlie Jack Harry Griffiths | Tel: +44 (0) 20 7796 4133
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About Anglo Asian Mining
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 31,821 gold equivalent ounces ("GEOs") for the year ended 31 December 2023.
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 which time 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 the period 2024 to 2028 at Zafar, Gilar, Xarxar and Garadag.
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: | John H Sununu | ||||
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 par value £0.01 GB00B0C18177 | ||||
| b) | Nature of the transaction: | Transfer of shares | ||||
| c) | Price(s) and volume(s): |
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| d) | Aggregated information: Aggregated volume: Price: | Single transaction as in 4 c) above
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| f) | Date of the transaction: | 26 September 2024
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| g) | Place of the transaction: | Outside a trading venue | ||||
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name: | Sununu Holdings LLC (a Person closely associated with Michael Sununu) | ||||
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 par value £0.01 GB00B0C18177 | ||||
| b) | Nature of the transaction: | Acquisition of shares | ||||
| c) | Price(s) and volume(s): |
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| d) | Aggregated information: Aggregated volume: Price: | Single transaction as in 4 c) above
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| f) | Date of the transaction: | 26 September 2024
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| g) | Place of the transaction: | Outside a trading venue | ||||
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