REG - Griffin Mining Ltd - SHARE BUY BACK PROGRAMME

Griffin MiningAnnouncement

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RNS Number : 6997G  Griffin Mining Limited  03 June 2026

 

8(th) Floor, Royal Trust House, 54 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)

 

Share Buy Back Programme

 

3(rd) June  2026

 

 

As outlined in Griffin Mining Limited's ("Griffin" or the "Company')
announcements on the 26(th) February 2024, 7(th) August 2024, 30(th) October
2024 and 18(th) June 2025, the Company is reinstituting its share buy-back
programme. The repurchased shares will be acquired on market and on an ad hoc
basis as determined by the Company (the "Buy Back Programme").

 

The Company has further resolved to purchase up to 3.7 million outstanding
ordinary shares and/or up to $15 million of such shares for cancellation until
30(th) November 2026, after which the directors of the Company may consider a
further Buy Back Programme and/or other means of returning excess funds to
shareholders. This arrangement is in accordance with the Company's general
authority to repurchase shares.

 

The Buy Back Programme will be carried out on the London Stock Exchange and
will be effected within the safe harbour provisions set out in the Market
Abuse Regulation 596/2014 ("MAR"), the Commission Delegated Regulation (EU)
2016/1052 and the applicable laws and regulations of the London Stock
Exchange.

 

Purchases will be carried out in compliance with the relevant conditions for
trading, restrictions regarding time and volume, disclosure and reporting
obligations, and price conditions. The Company will seek to make market
purchases at a price or prices and volume that the Company believes will be
value-enhancing for the Company's shareholders.

 

In addition to the Share Buyback Programme, the directors continue to reserve
the right (subject to compliance with applicable law) to:

 

1.   purchase large blocks of shares from individual shareholders where the
large number of such shares offered in the market may cause instability in the
Company's share price; and

 

2.   purchase a larger number of shares via a tender offer which would be
the subject of further documentation being sent to non-US resident
shareholders.

 

Instructions to purchase Shares will not be given by the Company during closed
periods or at any time where market sensitive information has yet to be
disclosed to the markets. The buy-back programme may be cancelled or suspended
at any time.

 

There are 176,592,171 Ordinary Shares in issue, with none held in treasury.
Shareholders should use 176,592,171 Ordinary Shares as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, or change their interest in, the Company, under the Financial
Conduct Authorities Disclosure and Transparency Rules.

 

 

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 in China, through its 88.8% owned Joint Venture stock
company, 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 www.griffinmining.com.

Further information

 

Griffin Mining Limited

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

Roger Goodwin - Finance Director

 

Panmure
LIBERUM
Telephone: +44 (0)20 7886 2500

             James Sinclair-Ford

             Zak
Wadud

 

 

Berenberg
 
Telephone: +44(0)20 3207 7800

            Matthew Armitt

Jennifer Lee

 

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
(https://protect.checkpoint.com/v2/r04/___http:/www.griffinmining.com/___.Y3A0YTplbi1nZm06YzpvZmZpY2UzNjVfZW1haWxzX2F0dGFjaG1lbnQ6ZjFjMjMyZGY0ZTZjYWJkNmM4YjAyM2VlNjZhMzYwZDI6NzpkZjkxOmU5NzFkYmIzZjgwYWQwN2VkZWVlMzVmNzA2NDZjOTE4ZTlhNDg2MTE5MzUxMzI0ODhkZTEyMWMyNTFiMDVhYzE6cDpUOlQ)

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