EXERCISE OF OPTIONS
Exercise of Options
19th December 2019
Griffin Mining Ltd (“the Company”) announces that the Company has been notified on 17th December 2019 of the exercise of options (“the Options”) over 37,500 new ordinary shares in the Company granted in February 2015 at an exercise price of 30p per share and consequent receipt of £11,250.
The Options have been exercised, and the new Ordinary shares issued to a person who is not a Person Discharging Management Responsibilities (“PDMR”)
Following the exercise of the Options there will be 172,786,228 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 37,500 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 30th December 2019.
Griffin Mining Limited:
Mladen Ninkov (Chairman)
Roger Goodwin (Finance Director & Company Secretary) Telephone: +44 (0)20 7629 7772
Numis Securities Limited:
John Prior Telephone: +44 (0)20 7260 1000