Issue of Equity - share placing


 
TIDMAYM 
 
Anglesey Mining plc LSE:AYM 
 
10 January 2011 
 
Placing of new shares and exercise of share options by directors 
 
Anglesey Mining plc is pleased to announce that Gartmore Investment and one 
other institution have today agreed to subscribe a total of GBP2.8 million in 
respect of the issue of 5,000,000 new ordinary shares at 56 pence per share, 
representing approximately 3.2% of the company's enlarged issued share capital. 
 
The shares to be issued comprise 2.5 million new ordinary shares to be placed 
by the company for cash and 2.5 million new ordinary shares to be placed on 
behalf of certain directors of the company pursuant to the exercise of share 
options by them, in each case at a price of 56 pence per ordinary share. 
 
The combined transactions will result in the orderly placement of the shares 
issued upon the exercise of directors' options and in GBP1.58 million (before 
expenses) being received by the company, which will be used for future working 
capital. 
 
The company is very pleased to see Gartmore Investment increasing its 
shareholding. Following completion of these transactions, Gartmore will hold 
5.2 million shares in the company representing 3.3% of the total issued share 
capital. 
 
The share options (granted under the company's 2004 Unapproved Share Option 
Scheme) and shareholdings of all the directors are set out in the following 
table. 
 
                Holding before     Options  Shares   Holding after transactions 
                 transactions     exercised  sold 
 
  Director    Number of Number of                   Number of Number of   % of 
               options  ordinary                     options  ordinary   issued 
                         shares                                shares   ordinary 
                                                                         shares 
 
John Kearney  5,400,000         -   400,000 400,000 5,000,000         -     3.3% 
 
Bill Hooley   2,900,000   100,000   400,000 400,000 2,500,000   100,000     1.7% 
 
Ian           2,100,000 1,027,300   400,000 400,000 1,700,000 1,027,300     1.8% 
Cuthbertson 
 
David Lean      700,000         -         -       -   700,000         -     0.5% 
 
Howard Miller   900,000         -   300,000 300,000   600,000         -     0.4% 
 
Roger Turner  1,100,000         -   600,000 600,000   500,000         -     0.3% 
 
Danesh Varma  1,400,000         -   400,000 400,000 1,000,000         -     0.7% 
 
 
The new ordinary shares of 1 pence each to be issued in respect of these 
transactions will rank pari passu with the existing ordinary shares of the 
company. All transactions are conditional on the admission of the new ordinary 
shares to the Official List and to trading on the London Stock Exchange's main 
market for listed securities by not later than 23 January 2011. Application 
will be made for these shares to be admitted to both the Official List and to 
trading on the London Stock Exchange's main market for listed securities and it 
is expected that such admission will become effective and dealings will 
commence on 13 January 2011. 
 
Following the allotment of these new ordinary shares becoming unconditional, 
the issued ordinary share capital of the company will be 158,158,051 ordinary 
shares of 1 pence each with voting rights; there are no shares held in 
treasury. This figure may be used by shareholders as the denominator for the 
calculations which will determine whether they are required to notify their 
interest in the company, or any change to that interest, under the Financial 
Service Authority's Disclosure and Transparency Rules. 
 
About Anglesey Mining plc 
 
Anglesey Mining with its LSE main board listing is primarily focused on its 41% 
interest in Labrador Iron Mines (TSX:LIM). In addition to any new projects that 
may be brought forward the company owns 100% of Parys Mountain in North Wales 
with an historical resource in excess of 7 million tonnes at over 9% combined 
copper, lead and zinc. 
 
For further information, please contact: 
 
Bill Hooley, Chief Executive +44 (0) 1492 541981 
 
Ian Cuthbertson, Finance Director +44 (0) 1248 361333 
 
Emily Fenton / Charlie Geller, 
Tavistock Communications +44 (0) 20 7920 3155 / +44 (0) 7788 554035 
 
 
 
END
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