Last checked at 2 Feb 2009 07:00
| For Immediate Release | 02 February 2009 |
ANGLO ASIAN MINING PLC
('Anglo Asian' or 'the Company')
Issue of shares
Anglo Asian Mining PLC (AIM:AAZ) announces that, in line with previous quarters, the following Ordinary Shares have been issued to Directors in lieu of salary/fees for the period 1 November 2008 to 31 January 2009, using the closing share price on 30 January 2009 of 11.50p.
The Directors have chosen to take shares in lieu of salary/fees in order to preserve the cash in the Company for the Gedabek project.
| Number of Ordinary Shares awarded | Resulting number of Ordinary Shares held | % holding of Ordinary Shares with voting rights | |
| Resource Capital Fund III L.P.* | 30,435 | 6,417,856 | 6.24 |
| John Sununu | 39,130 | 9,875,430 | 9.60 |
| Khosrow Zamani | 21,739 | 165,573 | 0.16 |
| Richard Round | 25,777 | 158,649 | 0.15 |
| Total | 117,081 |
* these shares have been awarded to RCF Management LLC
Application will be made for the new Ordinary Shares of Anglo Asian Mining PLC to be admitted to trading on AIM. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in the Company and trading of these shares on AIM is expected to commence on 9 February 2009.
The total number of Ordinary Shares with voting rights following this issue is 102,839,002
For further details, please contact:
| Anglo Asian Mining PLC | |
| Khosrow Zamani, Chairman | +90 5558551943 |
| Reza Vaziri, Acting Chief Executive | +994 12 5963350 |
| Andrew Herbert, Chief Financial Officer | +994 12 5963350 |
| Numis Securities Limited | +44 20 7260 1000 |
| John Harrison, Nominated Adviser | |
| James Black, Corporate Broking | |
| Parkgreen Communications | |
| Sue Scott/Leah Kramer | +44 20 7993 8780 |