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(Clarifies that Griffin Mining bought back shares.)
Griffin Mining Ltd - China-based mining company which owns the Caijaying Zinc Gold mine - Last week Friday, entered into trades through its joint broker Joh. Berenberg, Gossler & Co KG to buy 8.9 million of its own shares, about 4.6%, at a price of 88 pence per share for GBP7.8 million. Griffin Mining Finance Director Roger Goodwin sells 1.4 million shares at 88p each as part of the transaction. After the sale, Goodwin holds a 0.8% stake of issued shares in the company, or 1.5 million shares.
Current stock price: 88.00 pence
12-month change: up 19%
By Tom Budszus, Alliance News slot editor
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