Issued Share Capital
As at 17th May 2016, the share capital of Griffin Mining is as follows:
|Shares Issued & Outstanding||179,041,830|
|Fully Diluted (vested)||189,041,830|
|Fully Diluted (including unvested)||204,041,830|
On 6 February 2015 the Board resolved to adopt a new share option scheme (the “30 pence options”) over a total of 20,000,000 new ordinary shares in the Company in order to retain and incentivise the Company’s directors and management.
In total options over 25,000,000 new ordinary shares in the Company have been granted giving a fully diluted share capital of 204,041,830.
Registrars & Transfer Agents
Capita IRG plc, 12 Castle Street, St Helier, Jersey JE2 3RT
Codan Services Ltd., Clarendon House, 2 Church Street, Hamilton, HM11
The Shareholder Helpline is operated by Capita Asset Services, The Registry, 34 Beckenham Road, Beckenham, Kent BR3 4TU.
Tel U.K.: 0871 664 0300 (calls cost 10p a minute plus network extras, lines are open 8.30am-5.30pm Mon-Fri)
Tel Overseas: +44208639 3399
Fax: 020 8639 2342
The rights of shareholders in the Company under Bermuda Company law and the Company’s bye-laws may be different from the rights of shareholders in a UK incorporated company.
There is no provision under Bermuda company law or the Company’s bye laws to require disclosure of significant shareholdings. The Company is however aware of the following significant shareholdings of 3% or more in the issued share capital of the Company:
Adam Usdan, through both direct and indirect interests, has a beneficial interest in 30,574,556 shares in Griffin, representing 17.1% of the Company’s issued share capital.
A controlling group comprising of Seren Capital Management Limited, Blake Holdings Limited, Oak Trust Limited and Richard Griffiths has a beneficial interest in 7,000,000 shares in Griffin, representing 4.07% of the Company’s issued share capital.
There are no restrictions on the transfer of shares.
Following the purchase of shares by the Company there are 8,703,103 shares held in treasury, equating to 4.9% of the Company’s issued share capital.
Shares not in public hands
25% of the Company’s issued shares are not in public hands.