Griffin Mining Ld Excercise of Options (4335L)
12 Januar 2021 - 2:41PM
UK Regulatory
TIDMGFM
RNS Number : 4335L
Griffin Mining Ld
12 January 2021
8th Floor, Royal Trust House, 54-56 Jermyn Street, London. SW1Y
6LX, United Kingdom
Telephone: + 44 (0)20 7629 7772 Facsimile: + 44 (0)20 7629
7773
E mail: griffin@griffinmining.com
Exercise of Options
12(th) January 2021 .
Griffin Mining Ltd ("the Company") announces that the Company
has been notified of and subsequently authorised on 7(th) January
2021 the exercise of options ("the Options") over 1,291,666 new
ordinary shares in the Company granted to the directors and
management in February 2015 at an exercise price of 30p per
share.
Following the exercise of the Options there will be 174,117,894
Ordinary Shares in the Company in issue. There are 540,000 shares
held in treasury.
The Options exercised include that by Persons Discharging
Management Responsibility, as follows:
Number Number Number of Number
of options of options of shares
vested options retained held after
exercised exercisable exercise
at 30p per
share
Adam Usdan (Director) 1,166,667 1,166,667 - 34,644,425
============ =========== ============= ============
Following this exercise Adam Usdan, through both direct and
indirect interests, will have a beneficial interest in 34,644,425
Ordinary Shares in Griffin, representing 19.9% of the Company's
issued share capital.
Application has been made to the London Stock Exchange for
1,291,666 new ordinary shares to be admitted to trading on AIM.
These new ordinary shares will rank pari passu in all respects with
the existing ordinary shares. It is expected that admission will
become effective on or around 15 January 2021.
Template for notification and public disclosure of transactions
by persons discharging managerial responsibilities and persons
closely associated with them
1 Details of the person discharging managerial responsibilities/person
closely associated
--------------------------------------------------------------------------
a) Name Adam Usdan
--- ------------------------ ------------------------------------------------
2 Reason for the notification
--- --------------------------------------------------------------------------
a) Position/status Director
--- ------------------------ ------------------------------------------------
b) Initial notification/ Initial notification
Amendment
--- ------------------------ ------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--- --------------------------------------------------------------------------
a) Name Griffin Mining Limited
--- ------------------------ ------------------------------------------------
b) LEI
--- ------------------------ ------------------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
--- --------------------------------------------------------------------------
a) Description of Ordinary Shares
the financial
instrument, type
of instrument
Identification
code
--- --------------------------- ---------------------------------------------
b) Nature of the Exercise of options
transaction
--- --------------------------- ---------------------------------------------
c) Price(s) and volume(s) 1,166,666 Ordinary Shares at 30 pence per
share equating to GBP350,000
--- --------------------------- ---------------------------------------------
d) Aggregated information 1,166,666 Ordinary Shares in Griffin Mining
- Aggregated Limited at 30p each.
volume
- Price
--- --------------------------- ---------------------------------------------
e) Date of the transaction 7 January 2021
--- --------------------------- ---------------------------------------------
f) Place of the transaction London Stock Exchange Alternative Investment
Market
--- --------------------------- ---------------------------------------------
(1) Commission Delegated Regulation (EU) 2016/522 of 17 December
2015 supplementing Regulation (EU) No 596/2014 of the European
Parliament and of the Council as regards an exemption for certain
third countries public bodies and central banks, the indicators
of market manipulation, the disclosure thresholds, the competent
authority for notifications of delays, the permission for trading
during closed periods and types of notifiable managers' transactions
(see page 1 of this Official Journal).
-------------------------------------------------------------------------------
Further information
Griffin Mining Limited Telephone: +44(0)20 7629 7772
Mladen Ninkov - Chairman
Roger Goodwin - Finance Director
Panmure Gordon (UK) Limited Telephone: +44 (0)20 7886 2500
John Prior
Berenberg Telephone: +44(0)20 3207 7800
Matthew Armitt
Jennifer Wyllie
Deltir Elezi
Griffin Mining Limited's shares are quoted on the Alternative
Investment Market (AIM) of the London Stock Exchange (symbol
GFM).
The Company's news releases are available on the Company's web
site: www.griffinmining.com
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END
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