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Griffin Mining Ld (GFM)

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Wednesday 09 December, 2020

Griffin Mining Ld

Exercise of Options

RNS Number : 1266I
Griffin Mining Ld
09 December 2020
 

 

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: [email protected]

 

Exercise of Options

 

8th December 2020

 

Griffin Mining Ltd ("the Company") announces that the Company has been notified o n 2nd December 2019 of the exercise of options ("the Options") over 40,000 new ordinary shares in the Company granted in February 2015 at an exercise price of 30p per share and consequent receipt of £12,000.

 

The Options have been exercised, and the new Ordinary shares are being issued to an ex-employee who is not a Person Discharging Management Responsibilities ("PDMR").

 

Following the exercise of the Options there will be 172,826,228 Ordinary Shares in the Company in issue. 540,000 Ordinary Shares are held in treasury.

 

Application will be made to the London Stock Exchange for 40,000 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 15th December 2020.

 

 

Further information

 

Griffin Mining Limited

 

Mladen Ninkov - Chairman

Roger Goodwin - Finance Director

Telephone: +44(0)20 7629 7772

 

 

Panmure Gordon (UK) Limited

Telephone: +44 (0)20 7886 2500

John Prior

Dominic Morley

 

 

 

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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