REG - Griffin Mining Ltd - Update to Share Buy Back Programme

Griffin MiningAnnouncement

12/04/2024 07:00

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RNS Number : 3369K  Griffin Mining Limited  12 April 2024

 

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)

 

update to Share Buy Back Programme

 

12(th) APRIL 2024

 

 

Further to the announcement of 26(th) February 2024 in which Griffin Mining
Ltd. ("the Company") renewed its Share Buyback Programme, the Company
announces that it has entered into an irrevocable commitment with its
corporate broker Panmure Gordon (UK) Limited ("Panmure Gordon") to manage the
Share Buyback Programme on its behalf, repurchasing the Company's ordinary
shares from 12(th) April 2024.

Panmure Gordon will make trading decisions in relation to the buyback of
ordinary shares independently of the Company. The Company confirms that it
does not consider itself to have any inside information at present. The
parameters of the Share Buyback Programme regarding price and volume remain
unchanged; the Share Buyback 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.

The Company will make further regulatory announcements in respect of
repurchases of ordinary shares as required by UK MAR and the AIM Rules,
including as to whether those shares will be cancelled or are to be held in
treasury.

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.

 

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

             Dominic Morley

             Dougie McLeod

 

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 (http://www.griffinmining.com/)

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