ANGLO ASIAN MINING PLC

Remuneration Information • Dec 13, 2021

National Storage Mechanism | Additional information

RNS Number : 3512V

Anglo Asian Mining PLC

13 December 2021

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

Anglo Asian Mining plc

Grant of Options

Anglo Asian Mining plc ("Anglo Asian" or "the Company"), the AIM listed gold, copper and silver producer focused in Azerbaijan, announces that the board of directors of the Company has agreed to issue options to two persons discharging managerial responsibility. These are William Morgan, Chief Financial Officer and Ilham Khalilov, Director of Finance, AIMC over a total of 120,000 and 100,000 Ordinary Shares respectively of £0.01 in the capital of the Company. These options will vest as follows:

a)    50 per cent. on 13 December 2022

b)    50 per cent. on 13 December 2023

The options represent in aggregate 0.19 per cent. of the existing share capital of the Company and have been issued to William Morgan and Ilham Khalilov in line with the Company's on-going incentive plans. The exercise price of £1.15 is the closing mid-market price of the shares on Thursday, 9 December 2021. The options expire on 13 December 2026.

The notification below, made in accordance with the requirements of the Market Abuse Regulation (EU) No. 596/2014, as incorporated into UK law by the European (Withdrawal) Act 2018, provides further details on the grant of options to William Morgan and Ilham Khalilov.

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:

Share options over ordinary shares of par value £0.01

GB00B0C18177

b)

Nature of the transaction:

Grant of options over ordinary shares

c)

Price(s) and volume(s):

Price(s)	Volume(s)
£1.15	120,000

d)

Aggregated information:

Aggregated volume:

Price:

Single transaction as in 4 c) above

Price(s)	Volume(s)
£1.15	120,000

f)

Date of the transaction:

2021-12-10

14:00 hours UTC

g)

Place of the transaction:

Outside a trading venue

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Ilham Khalilov

2.

Reason for the notification

a)

Position/status:

Financial director, AIMC

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:

Share options over ordinary shares of par value £0.01

GB00B0C18177

b)

Nature of the transaction:

Grant of options over ordinary shares

c)

Price(s) and volume(s):

Price(s)	Volume(s)
£1.15	100,000

d)

Aggregated information:

Aggregated volume:

Price:

Single transaction as in 4 c) above

Price(s)	Volume(s)
£1.15	100,000

f)

Date of the transaction:

2021-12-10

14:00 hours UTC

g)

Place of the transaction:

Outside a trading venue

**ENDS**

For further information please 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
Adam Cowl	SP Angel Corporate Finance LLP Nominated Adviser and Broker	Tel + 44 (0) 20 3470 0470
Charlie Jack	Hudson Sandler	Tel: +44(0) 20 7796 4133
Elfie Kent	Hudson Sandler	Tel: +44(0) 20 7796 4133

Notes to editors:

Anglo Asian Mining plc (AIM:AAZ) is a gold, copper and silver producer in Central Asia with a broad portfolio of production and exploration assets in Azerbaijan. The Company produced 67,249 gold equivalent ounces ("GEOs") for the year ended 31 December 2020.  The Company has a production target for the year to 31 December 2021 of 48,000 ounces to 54,000 ounces of gold and 2,500 tonnes to 2,800 tonnes of copper. This total production target expressed as gold equivalent ounces ("GEOs") at budgeted prices is between 64,000 GEOs and 72,000 GEOs.

The Company has recently announced a transaction with the Government of Azerbaijan which grants it three additional concessions with a combined area of 882 square kilometers which include the Garadagh porphyry copper deposit with a Soviet classified resource of over 300,000 tonnes of copper. The transaction is subject to ratification by the parliament of Azerbaijan. 

https://www.angloasianmining.com/

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