Azerbaijan, Baku, Jan.12 / Trend, N. Ismayilova /
Richard Round, non-executive director of Anglo-Asian Mining plc, which produces gold in Azerbaijan, has sold part of shares in the company's capital, the company's statement says.
According to information, Richard Round sold 60,000 shares at 78.5 penny each on Monday. The total volume of the sold shares amounted to 47,100 pounds. After the transaction, Round owns 153,958 shares.
As of late May 2010, the major shareholders are Reza Vezeri, which owns 29.92 percent of shares (32.796.830 shares), Khagani Bashirov - 16.5 percent (18.087.758 shares), John Sununu - 9.79 percent (10.734.540 shares), Resource Capital Fund III LP - 5.89 percent (6.459.523 shares), Limelight Industrial Developments Limited - 3.68 percent (4.038.600 shares). In total 109,616,840 shares of the company were issued for the reported date.
Anglo-Asian Mining Plc. owns the rights to develop six fields in south-west Azerbaijan at Gedabey, Ordubad, Gosha Bulag, Gizil Bulag, Vejnali and Soyutlu. The concession is based on PSA agreements signed with the Azerbaijani government in Aug. 1997.
The PSA was signed between the Azerbaijani government and the Azerbaijan International Mineral Resources Operating Company (for 30 years). Azerbaijan's share is 51 percent, and Anglo-Asian Mining's is 49 percent.