Director/PDMR Shareholding

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 16th 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 £737,500 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 of options

vested


Number of

options

exercised


Number of options retained exercisable at 30p per share


Number of shares held after exercise

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 26th 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/ Amendment

Initial notification

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 the financial instrument, type of instrument Identification code

Ordinary Shares

b)

Nature of the transaction

Exercise of options

c)

Price(s) and volume(s)

2,333,334 Ordinary Shares at 30 pence per share equating to £700,000

d)

Aggregated information
- Aggregated volume
- Price

2,333,334 Ordinary Shares in Griffin Mining Limited at 30p each.

e)

Date of the transaction

18th April 2018

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:

 

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
UK 100

Latest directors dealings