RNS Number:2522G
Griff-Tech.com Plc
28 February 2000



Exercise of options over ordinary shares in Griff-Tech.com plc.

Following the closing of the Griff-Tech.com plc's ("Griff-Tech") offer for
subscription of 20,451,775 new ordinary shares in Griff-Tech, valid
applications were received for 17,576,315 shares representing 86% of the
shares offered. The balance of 2,875,460 of the offered shares have been taken
up pursuant to the underwriting arrangements.

Griffin Mining Limited ("Griffin") has today exercised its option to subscribe
for 7,150,591 ordinary shares in Griff-Tech at an exercise price of 1p. 
antfactory Holdings Limited and Gem Management Limited have today exercised
options over a total of 1,000,000 new ordinary shares in Griff-Tech at 1p per
share and over a total of 1,250,000 new ordinary shares in Griff-Tech at 2p
per share.
 
Following admission of the 20,451,775 offer shares and the exercise by
Griffin, antfactory Holdings Limited and Gem Management Limited of the options
described above, there will be 29,852,366 Griff-Tech ordinary shares in issue.

Options remain outstanding in favour of antfactory Holdings Limited and Gem
Management Limited over a further 1,250,000 additional new ordinary shares in
Griff-Tech at 5p per new ordinary share.

Further information

Craig Niven (Chairman) - Griff-Tech.com plc:
Telephone: +44 (0)207 574 2455

Stephen Goschalk - English Trust Company Limited:
Telephone: +44 (0)207 608 0888

Charles Dampney - Charles Stanley & Company Limited
Telephone: + 44 (0)1273 486244


END


MSCZGGZZKKFGGZM
Griffin Mining (LSE:GFM)
Historical Stock Chart
Von Jun 2024 bis Jul 2024 Click Here for more Griffin Mining Charts.
Griffin Mining (LSE:GFM)
Historical Stock Chart
Von Jul 2023 bis Jul 2024 Click Here for more Griffin Mining Charts.