Business
Director's Dealing and Issue of Equity
Director's Dealing and Issue of Equity.
About this update from Anglo Asian Mining Plc
[{"type":"text","content":"\n \nRNS Number : 3509Y Anglo Asian Mining PLC 23 January 2014 \n \n\nAnglo Asian Mining plc / Ticker: AAZ / Index: AIM / Sector: Mining\n \n\nAnglo Asian Mining plc\n('Anglo Asian' or 'the Company')\n \nDirector's Dealing, Exercise of Options and Issue of Equity\n \nAnglo Asian Mining plc, the AIM listed gold producer in Azerbaijan, announces that it has issued 286,665 new ordinary shares of 1.0 pence each in the capital of the Company (\"New Ordinary Shares\").\n \n150,000 new ordinary shares were issued to Non-executive Director, John Monhemius further to the exercise of share options. Mr Monhemius gave notice to exercise such share options on 22 January 2014. The share options were exercised at a price of 11.5 pence per share. Following the exercise of share options, Mr Monhemius has an interest in a total of 205,556 ordinary shares in the Company, which represents approximately 0.18 per cent of the issued share capital of the Company.\n \nIn addition, 136,665 new ordinary shares were issued to an employee in lieu of a cash bonus due equating to the value of $50,000. The price for calculation of the number of shares to be issued was 22.25 pence per share, being the closing share price on the day prior to the award of the cash bonus.\n \nThe New Ordinary Shares will rank pari passu in all respects with the existing ordinary shares of 1.0 pence each in the capital of the Company. Application has been made to the London Stock Exchange for the Placing Shares to be admitted to trading on AIM (\"Admission\"). It is expected that Admission will become effective on or around 28 January 2014.\n \nFurthermore, the Company has granted 50,000 share options to an employee with an exercise price of 22.25 pence per share, being the closing mid-market price of the Company's shares on AIM on 9 December 2013. The share options vest on 30 June 2014 and are exercisable for a period of 10 years from the date of vesting.\n \nTotal Voting Rights\n \nAs a result of the issue of the New Ordinary Shares as described above, the issued share capital of the Company will consist of 111,683,972 ordinary shares of 1.0 pence each from Admission.\n \nThe Company holds no shares in treasury. The total number of voting rights in the Company is therefore 111,683,972. This figure may be used by sh...