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|
|2||Reason for the notification|
|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|
|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|
– Aggregated volume
|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).|
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
Berenberg Telephone: +44(0)20 3207 7800