REG - Griffin Mining Ld - Exercise of Options

Griffin MiningAnnouncement

08/12/2020 15:35

RNS Number : 9714H
  
Griffin Mining Ld
  
08 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: griffin@griffinmining.com
 
Exercise of Options
 
8th December 2020
 
Griffin Mining Ltd ("the Company") announces that the Company has been notified on 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 11th 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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