Anglo Asian Mining plc, a gold, copper, and silver producer focused in Azerbaijan, has announced that Stephen Westhead, Vice President of the company, has purchased a total of 51,002 ordinary shares at a price of 55.875 pence per share. Following these transactions, Westhead now holds a beneficial interest in 286,002 ordinary shares, representing approximately 0.25% of the company's issued share capital.
The notification and public disclosure of these transactions by persons discharging managerial responsibility (PDMRs) and persons closely associated with them is in accordance with regulatory requirements. The details of the transaction include the description of the financial instrument (ordinary shares of 1 pence each), the nature of the transaction (purchase of shares), the price (£0.55875), the volume (51,002 shares), the date of the transaction (27 September 2023), and the place of the transaction (London Stock Exchange, AIM Market).
Anglo Asian Mining plc is a gold, copper, and silver producer with assets in Azerbaijan. The company produced 57,618 gold equivalent ounces in 2022. The company has published a strategic plan for growth, aiming to transition to a multi-asset, mid-tier copper and gold producer by 2028. The plan includes bringing four new mines into production between 2023 and 2028. Anglo Asian Mining also owns approximately 17.4% of Libero Copper & Gold Corporation, a company listed on the TSX Venture Exchange in Canada, which owns or has the option to acquire several copper exploration properties in North and South America.