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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 |
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
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(END) Dow Jones Newswires
April 20, 2018 04:21 ET (08:21 GMT)
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