Monthly Archives :

November 2021

Transaction In Shares

Transaction in Shares


8th November 2021.

Griffin Mining Ltd (“the Company”) announces that the Company has been notified that on the 4th November 2021 Trellus Partners LLP (the “Partnership”), the General Partner of a Limited Partnership in which Mr. Adam Usdan, a non-executive director, has a controlling interest, distributed 84,930 shares in the Company at 98 pence per share to a Limited Partner of the Partnership.

Following this disposal Mr. Adam Usdan will have a direct and indirect holding in the Company of 34,324,626 Ordinary Shares, representing 19.6% of the Company’s issued share capital.


Template for notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them


1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Adam Usdan
2 Reason for the notification
a) Position/status Director
b) Initial notification/ Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name Griffin Mining Limited
b) LEI 213800GNF70RCZFL9976
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument Identification code Ordinary Shares
b) Nature of the transaction Disposal of Ordinary Shares
c) Price(s) and volume(s) 84,930 at 98 pence per share
d) Aggregated information
– Aggregated volume
– Price
84,930 Ordinary Shares in Griffin Mining Limited at 98 pence per share totalling £83,231.40
e) Date of the transaction 4th November 2021
f) Place of the transaction London Stock Exchange Alternative Investment Market
(1)  Commission Delegated Regulation (EU) 2016/522 of 17 December 2015 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council as regards an exemption for certain third countries public bodies and central banks, the indicators of market manipulation, the disclosure thresholds, the competent authority for notifications of delays, the permission for trading during closed periods and types of notifiable managers’ transactions (see page 1 of this Official Journal).

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


Berenberg                                                                  Telephone: +44(0)20 3207 7800

Matthew Armitt

Jennifer Wyllie

Deltir Elezi


Winter Olympic Games Extension

 5th November 2021

 Griffin Mining Limited (“Griffin” or the “Company”) is very pleased to announce that it has received notification and signed documentation from the City and County regulatory authorities that vital operating supplies will be allowed to be delivered to the Caijiaying Mine Site until midnight on the 31st December 2021, the only mine granted such an accommodation in Hebei Province.

As is customary practice for the Caijiaying Mine, mining operations will cease during the Chinese New Year holiday period and the cessation will be slightly extended into the first quarter of 2022 due to the Winter Olympic and Paralympic Games and re-open on the 14th March 2022.

Chairman Mladen Ninkov commented, “The permission granted by the various levels of government in the People’s Republic of China to the continuing operations by the Company in this high profile period is very much appreciated and is an acknowledgement of the special relations enjoyed by all stakeholders in the Caijiaying Mine and best ESG practices implemented by the Company. Needless to say, my thanks go out to all concerned, particularly our senior western and Chinese management who strived so hard to achieve this result.”

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


Further information

Griffin Mining Limited                     Telephone: +44(0)20 7629 7772

Mladen Ninkov – Chairman

Roger Goodwin – Finance Director

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

John Prior

Alisa MacMaster

Berenberg                                           Telephone: +44(0)20 3207 7800

Matthew Armitt

Jennifer Wyllie

Deltir Elezi

Blytheweigh                              Telephone: +44(0)20 7138 3205

Tim Blythe

Swiss Resource Capital AG

Jochen Steiger                              Telephone: +41(0)71 354 8501