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Issue of Equity

1 Aug 2008 07:00

RNS Number : 4101A
Anglo Asian Mining PLC
01 August 2008
 



For immediate release

1 August 2008

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 May 2008 to 31 July 2008, using the closing share price on 31 July 2008 of 8.88p. In addition shares have been issued to Numis Securities Limited in settlement of outstanding fees.

The Directors have chosen to take shares in lieu of salary/fees/bonus 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.*

39,426

6,328,581

6.20

Tim Eggar

33,454

Not applicable

Not applicable

John Sununu

50,675

9,760,670

9.56

Reza Vaziri

478,614

30,332,127

29.70

Khosrow Zamani

28,153

101,817

0.10

Richard Round

83,051

83,051

0.08

Numis Securities Limited

330,799

330,799

Not applicable

Total

1,044,172

* 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 7 August 2008.

The total number of Ordinary Shares with voting rights following this issue is 102,138,462.

For further details, please contact: 

Anglo Asian Mining PLC

Khosrow Zamani, Chairman +90 5558551943

Gordon Lewis, Chief Executive +994 12 5963350

Numis Securities Limited

John Harrison, Nominated Adviser +44 20 7260 1000

James Black, Corporate Broking

Parkgreen Communications

Sue Scott/Leah Kramer +44 20 7993 8780

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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