27 Jun 2008 10:22
27 June 2008 AIM: AAZ
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/bonus for the period 1 February 2008 to 30 April 2008, using the closing share price on 30 April 2008 of 12.25p.
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.* | 28,580 | 6,289,155 | 6.22 |
| Tim Eggar | 26,596 | 102,467 | 0.10 |
| John Sununu | 36,734 | 9,709,995 | 9.60 |
| Reza Vaziri | 346,947 | 29,853,513 | 29.53 |
| Khosrow Zamani | 20,408 | 73,664 | 0.06 |
| Gordon Lewis | 489,796 | 489,796 | 0.48 |
| Total | 949,061 |
* 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 4 July 2008.
The total number of Ordinary Shares with voting rights following this issue is 101,094,290
For further details, please contact:
Anglo Asian Mining PLC
Gordon Lewis, Chief Executive +994 12 499 3350
Richard Round, Finance Director +44 1525 211 988
Numis Securities Limited
John Harrison +44 20 7260 1000
Parkgreen Communications
Justine Howarth +44 20 7851 7480
Anglo Asian (AAZ)