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GFM Griffin Mining Limited

113.25
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Griffin Mining Limited LSE:GFM London Ordinary Share BMG319201049 ORD $0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 113.25 113.00 114.00 115.00 113.00 113.00 227,508 16:35:18
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec 94.4M 7.7M 0.0400 28.25 217.9M

Griffin Mining Ld Director/PDMR Shareholding (6093L)

20/04/2018 9:21am

UK Regulatory


Griffin Mining (LSE:GFM)
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From Mar 2019 to Mar 2024

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TIDMGFM

RNS Number : 6093L

Griffin Mining Ld

20 April 2018

Griffin Mining Limited

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

This announcement is a replacement of the announcement that was made on 19 April 2018 at 12:25 via RNS under reference 4943L. The number of shares held by Adam Usman after the exercise of the options should have read 32,992,890 not 32,692,890. The corrected announcement is set out below.

Exercise of Options

Griffin Mining Ltd ("the Company") announces that the Company has been notified on 16(th) April 2018 of the exercise of options ("the Options") over 2,458,334 new ordinary shares in the Company granted to the directors and management in February 2015 at an exercise price of 30p per share to raise GBP737,500 for the Company.

Following the exercise of the Options there will be 172,452,061 Ordinary Shares in the Company in issue. There are no shares held in treasury.

The Options exercised include that by Persons Discharging Management Responsibility, as follows:

 
                               Number       Number         Number       Number 
                           of options           of     of options    of shares 
                               vested      options       retained         held 
                                         exercised    exercisable        after 
                                                           at 30p     exercise 
                                                        per share 
 Adam Usdan (Director)      2,333,334    2,333,334              -   32,992,890 
                         ============  ===========  =============  =========== 
 

Following this exercise Adam Usdan, through both direct and indirect interests, will have a beneficial interest in 32,692,890 Ordinary Shares in Griffin, representing 19.0% of the Company's issued share capital.

Application will be made to the London Stock Exchange for 2,458,334 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 26(th) April 2018.

Adam Usdan has undertaken not to sell any of the Ordinary Shares allotted to him following the exercise for a minimum of six months.

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               Ordinary Shares 
       of the financial 
       instrument, 
       type of instrument 
       Identification 
       code 
---  ------------------------  ---------------------------------------- 
 b)   Nature of the             Exercise of options 
       transaction 
---  ------------------------  ---------------------------------------- 
 c)   Price(s) and              2,333,334 Ordinary Shares at 30 
       volume(s)                 pence per share equating to GBP700,000 
---  ------------------------  ---------------------------------------- 
 d)   Aggregated                2,333,334 Ordinary Shares in Griffin 
       information               Mining Limited at 30p each. 
       - Aggregated 
       volume 
       - Price 
---  ------------------------  ---------------------------------------- 
 e)   Date of the               18(th) April 2018 
       transaction 
---  ------------------------  ---------------------------------------- 
 f)   Place of the              London Stock Exchange Alternative 
       transaction               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:

   Mladen Ninkov                    (Chairman) 

Roger Goodwin (Finance Director & Company Secretary) Telephone: +44 (0)20 7629 7772

Panmure Gordon (UK) Limited Telephone: +44 (0)20 7886 2500

Dominic Morley

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

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHSEASASFASEFL

(END) Dow Jones Newswires

April 20, 2018 04:21 ET (08:21 GMT)

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