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.
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
BERENBERG Telephone: +44(0)20 3207 7800