Business
Directorate Change
Directorate Change.
About this update from Anglo Asian Mining Plc
[{"type":"text","content":"\n Anglo Asian Mining PLC\n01 June 2007\n\n\n \n\n1 June 2007\n\n\n ANGLO ASIAN MINING PLC\n\n ('Anglo Asian' or 'the Company')\n\n\n\n APPOINTMENT OF NON-EXECUTIVE DIRECTOR\n\n\n\nAnglo Asian Mining PLC (AIM: AAZ) the gold and copper development company with\nprojects in Azerbaijan, announces that Mr Khosrow Zamani has joined the Board of\nDirectors as a non-executive Director with immediate effect.\n\n\nMr. Zamani was director of the Southern Europe and Central Asia Department of\nthe International Finance Corporation (IFC), the private sector lending arm of\nthe World Bank, from March 2000 to July 2005. This department was responsible\nfor the IFC investment programme in 15 countries across the region. As of July\n1st, 2005, Mr. Zamani was appointed as Senior Advisor to the Vice President of\nOperations.\n\nWhilst a director at IFC, Mr. Zamani was instrumental in building the IFC\ninvestment programme in the region with several new initiatives, particularly in\nCentral Asia and Caucasia. He oversaw the IFC portfolio of more than\nUS$2billion, diversified across the financial, oil and gas, mining and\nmanufacturing sectors.\n\n\nGraham Mascall, Chairman of Anglo Asian, commented on the appointment, 'We are\npleased to welcome Khosrow to the Board. His experience and contacts in the\nregion of Caucasia will be a great asset to the Company and his funding\nexpertise will be of particular relevance as the Company's projects develop.'\n\n\nSave as disclosed below, there is nothing further to disclose in relation to the\nappointment of Mr Khosrow Zamani, aged 64, under schedule two, paragraph (g) of\nthe AIM Rules:\n\n\nCurrent directorships:\n\n\nBank Turan Alem-Orix Leasing Company -registered in Kazakhstan\n\nBorusan Mekina AS -registered in Turkey\n\nSekerbank TAS -registered in Turkey\n\n\nThere were no other directorships held in the previous five years.\n\n\nAs part of Mr Zamani's arrangements with Anglo Asian, he has been awarded\noptions over 100,000 Ordinary Shares of 1p each at an option price of 16.5p per\nshare. The options vest in three equal instalments on the first, second and\nthird anniversaries of today's date.\n\n\n\n-Ends-\n\n\nFor further details, please contact:\n\n\nAnglo Asian Mining PLC \nGordon Lewis, Chief Executive +994 12 499 3350\nRichard Round, Finance Director +44 1525 211988\n\nNumis Securities Lim...