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Anglo Asian Mining PLC (ISE:AAZ)

Anglo Asian Mining PLC (ISE:AAZ)


Share Price
75.00 p
Change
-0.5 (-0.66 %)
Market Cap
£85.79 m
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Anglo Asian Mining PLC RNS Release

PDMR Exercise of Share Options and Issue of Equity


RNS Number : 7327T
Anglo Asian Mining PLC
05 July 2018
 

5 July 2018

Anglo Asian Mining plc

PDMR Exercise of Share Options and Issue of Equity

 Anglo Asian Mining plc ("Anglo Asian" or the "Company"), the AIM listed gold, copper and silver producer in Azerbaijan, has today applied for the admission of 420,000 new ordinary shares of 1p each in the share capital of the Company ("Ordinary Shares") to be admitted to trading on AIM. The Ordinary Shares were issued by Anglo Asian on 4 July 2018 pursuant to the exercise of share options over Ordinary Shares of the Company by certain persons discharging managerial responsibilities ("PDMRs").

The following PDMRs exercised options over Ordinary Shares on 4 July 2018:

Name

Position

Exercise Price (pence)

Number of share options exercised

William Morgan

Chief Financial Officer

(Non-board)

15

300,000

Stephen Westhead

Director of Geology and Mining

(Non-board)

9.875

120,000

 

The 420,000 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 July 2018.

Following the issue of the new Ordinary Shares referred to above, William Morgan has an interest in a total of 300,000 Ordinary Shares, representing 0.26 per cent. of the issued Ordinary Share capital, as enlarged by the issue of new Ordinary Shares in connection with the above share option exercises.

Following the issue of the new Ordinary Shares referred to above, Stephen Westhead has an interest in a total of 120,000 Ordinary Shares, representing 0.11 per cent. of the issued Ordinary Share capital, as enlarged by the issue of new Ordinary Shares in connection with the above share option exercises.

William Morgan and Steven Westhead will retain all the Ordinary Shares following their allotment.

Total Voting Rights

Following the issue of the new Ordinary Shares, the Company's issued share capital now consists of 114,181,024 ordinary shares of 1p each, none of which are held in treasury. Therefore, the total number of voting rights in the Company is 114,181,024.

The above figure of 114,181,024 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.

 Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail on the director's share dealing.

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:

1. William Morgan

2. Stephen Westhead

2.     

Reason for the notification

a)

Position/status:

1. Chief Financial Officer

2. Director of Geology and Mining

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):

 1.

Price(s)

Volume(s)

15p

300,000

 

 

 2.

Price(s)

Volume(s)

9.875p

120,000

 

 

d)

Aggregated information:

 

Single transactions as in 4 c) above

 

e)

Date of the transaction:

2018-07-04

f)

Place of the transaction:

Off-market

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
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