REG - Griffin Mining Ld - CAPITAL SHARE STRUCTURE RATIONALIZATION

Griffin MiningAnnouncement

31/01/2023 07:01

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230131:nRSe3185Oa&default-theme=true

RNS Number : 3185O  Griffin Mining Ld  31 January 2023

 

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 (mailto:griffin@griffinmining.com)

 

 

Capital Share Structure Rationalization & Incentivization Program

 

31(st) January 2023

 

 

Griffin Mining Limited ("Griffin" or the "Company") is pleased to announce
that, further to the announcement made on 30(th) December 2022 concerning a
rationalization of the capital structure of the Company by the proposed
repurchasing and cancellation of the long outstanding options to purchase
19,520,000 shares in the Company ("the Offer"), options over 17,520,000 shares
have been repurchased and cancelled, resulting in 10,130,526 new ordinary
shares being issued pursuant to the Offer.

 

Application will be made for the new ordinary shares, which will rank pari
passu with the existing Ordinary Shares, to be admitted to trading on AIM
which is expected to commence on, or around, 3(rd) February 2023
("Admission").

 

Following Admission, the issued share capital of the Company will comprise
185,023,420 ordinary shares. The Company holds 939,799 ordinary shares in the
Company in treasury. The above figure may be used by shareholders as the
denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest in, the
Company, under the FCA's Disclosure and Transparency Rules.

 

The remaining options over 1,500,000 shares in the Company exercisable at 30
pence per share and 500,000 shares in the Company exercisable at 40 pence per
share will remain outstanding until 31(st) December 2023.

 

Further shares to be issued under the Share Incentivization Program as
announced on 30(th) December 2022 have yet to be determined and will be
announced when finalised.

 

 

About Griffin Mining Limited

 

Griffin Mining Limited's shares are quoted on the Alternative Investment
Market (AIM) of the London Stock Exchange (symbol GFM). Griffin Mining Limited
owns and operates through its 88.8% owned Joint Venture in China the
Caijiaying Zinc Gold Mine, a profitable mine producing zinc, gold, silver, and
lead metals in concentrates. For more information, please visit the Company's
website griffinmining.com.

 

Further information

 

Griffin Mining Limited

Mladen Ninkov -
Chairman
Telephone: +44(0)20 7629 7772

Roger Goodwin - Finance Director

 

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

             John Prior

             Dougie McLeod

 

Berenberg
 
Telephone: +44(0)20 3207 7800

              Matthew Armitt

Jennifer Wyllie

Deltir Elezi

 

BlytheRay

                Tim Blythe
 
 Telephone: +44(0)20 7138 3205

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) No. 596/2014

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCKZGFMNGGGFZM