Anglo Asian Mining PLC Loan to employee (8732Q)
30 Junho 2022 - 10:16AM
UK Regulatory
TIDMAAZ
RNS Number : 8732Q
Anglo Asian Mining PLC
30 June 2022
Anglo Asian Mining plc / Ticker: AAZ / Index: AIM / Sector:
Mining
30 June 2022
Anglo Asian Mining plc
Loan to employee
Anglo Asian Mining plc ("Anglo Asian" or the "Company"), the AIM
listed gold, copper and silver producer focused in Azerbaijan,
announces that it has entered into a loan agreement with Mr Farhang
Hedjazi, Vice President of Technical Services and a person
discharging managerial responsibility of the Company, pursuant to
which the Company has made a loan of US$500,000 to Mr Hedjazi (the
"Loan"). The Loan has been guaranteed by Reza Vaziri, President and
Chief Executive Officer of the Company.
Under the terms of the Loan, the interest rate is 4 per cent.
per annum and is repayable within the next 12 months. Mr Hedjazi
has also entered into a pledge agreement with the Company to
provide security to Anglo Asian in respect of Mr Hedjazi's holding
of 772,665 shares in the Company at a price of GBP0.975 per share,
being the closing mid-market price on 29 June 2022.
**ENDS**
For further information please contact:
Tel: +994 502 910
Bill Morgan Anglo Asian Mining plc 400
Tel: +994 502 916
Stephen Westhead Anglo Asian Mining plc 894
--------------------------- ---------------------
Ewan Leggat SP Angel Corporate Finance Tel: +44 (0) 20 3470
Adam Cowl LLP 0470
Nominated Adviser and
Broker
--------------------------- ---------------------
Charlie Jack Hudson Sandler Tel: +44(0) 20 7796
Harry Griffiths 4133
--------------------------- ---------------------
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY DIRECTORS
AND PERSONS CLOSELY ASSOCIATED WITH THEM.
1. Details of the person director
a) Name: Farhang Hedjazi
-------------------------------------- ---------------------------
2. Reason for the notification
-------------------------------------------------------------------
a) Position/status: Vice President of
Technical Services
-------------------------------------- ---------------------------
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 Ordinary shares of
instrument, type of instrument: 1 pence each
Identification code: GB00B0C18177
-------------------------------------- ---------------------------
b) Nature of the transaction: Pledge of shares as
security of Loan
-------------------------------------- ---------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
GBP0.975 772,665
-------------------------------------- ---------------------------
d) Aggregated information:
Aggregated volume: 772,665
Price: GBP0.975
-------------------------------------- ---------------------------
e) Date of the transaction: 30 June 2022
-------------------------------------- ---------------------------
f) Place of the transaction: Outside of a trading
venue
-------------------------------------- ---------------------------
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 64,610 gold
equivalent ounces ("GEOs") for the year ended 31 December 2021.
In September 2021, the Company announced a transaction with the
Government of Azerbaijan which grants it three additional
concessions with a combined area of 882 square kilometres,
including 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.
In December 2021, the Company undertook a private placement
which acquired 19.8 per cent. of Libero Copper & Gold
Corporation ("Libero"). The transaction was completed in January
2022. Libero is listed on the TSX Venture Exchange in Canada and
owns, or has the option to acquire, several copper exploration
properties in North and South America, including Mocoa in Colombia,
one of the world's largest undeveloped copper-molybdenum
resources.
https://www.angloasianmining.com/
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END
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