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Pin to quick picksGriffin Mining Regulatory News (GFM)

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Director/PDMR Shareholding

10 Aug 2015 07:00

RNS Number : 5125V
Griffin Mining Ld
10 August 2015
 

 

 

GRIFFIN MINING LIMITED

60 St James's Street, London SW1A 1LE, United Kingdom

Telephone: + 44 (0)20 7629 7772 Facsimile: + 44 (0)20 7629 7773

E mail: griffin@griffinmining.com

 

Grant of Options

 

10th August 2015.

 

Further to the announcement by Griffin Mining Limited ("the Company") on 6th February 2015 of the grant of 20,000,000 new options over ordinary shares in the Company to the Company's directors and management in order to retain and incentivise them, these options have now been allocated as follows:

 

 

Options over number new ordinary shares in the Company

Executive & Non-Executive Directors:

 

Mladen Ninkov (Chairman)

12,000,000

Dal Brynelsen (Director)

900,000

Rupert Crowe (Director)

900,000

Roger Goodwin (Finance Director)

1,500,000

Adam Usdan (Director)

3,500,000

Senior Management

1,200,000

Total

20,000,000

 

Each new option will entitle the holder to subscribe for new ordinary shares in the Company at an exercise price of 30 pence per new ordinary share on or before the 31st December 2020.

 

The new options will vest with each option holder in installments triggered by the following events:

 

i. One third of each holder's options will vest immediately upon being granted;

 

ii. A further third of each holder's options will vest on 31st December 2016; and

 

iii. A further third of each holder's options will vest on the granting of a new mining licence over Zone II at the Caijiaying mine.

 

The new options will not vest if an employee or a director resigns or leaves the Company for cause prior to the vesting event taking place.

 

All the new options will vest immediately upon; a takeover offer being made; or a change in the business of the Company or its subsidiaries; or the sale of a substantial asset of the Company or by its subsidiaries; or a change in substantial control of the Company taking place prior to the options expiring.

 

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

Dominic Morley

Cantor Fitzgerald Europe Limited Telephone: +44 (0)20 7894 7000 

Jeremy Stephenson

Stewart Dickson

 

Griffin Mining Limited's shares are quoted on the Alternative Investment Market (AIM) of the London Stock Exchange (symbol GFM).

The Company's news releases are available on the Company's web site: www.griffinmining.com

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
RDSSSWFWWFISEDA
Date   Source Headline
30th Dec 20133:07 pmRNSTransaction in Own Shares
21st Nov 20137:00 amRNSTransaction in Own Shares
4th Nov 20131:24 pmRNSDirector/PDMR Shareholding
16th Oct 20137:00 amRNSTransaction in Own Shares
2nd Oct 20137:00 amRNSResource upgrade
26th Sep 20137:00 amRNSTransaction in Own Shares
18th Sep 20137:00 amRNSTransaction in Own Shares
17th Sep 20137:00 amRNSTransaction in Own Shares
13th Sep 20137:00 amRNSTransaction in Own Shares
12th Sep 20137:00 amRNSDirectorate Change
29th Aug 20137:00 amRNSTransaction in Own Shares
16th Aug 20137:00 amRNSTransaction in Own Shares
14th Aug 20137:00 amRNSHalf Yearly Report
5th Jul 20132:52 pmRNSResult of AGM
14th Jun 20137:00 amRNSTransaction in Own Shares
24th May 20137:00 amRNSNotice of AGM
21st May 20137:00 amRNSTransaction in Own Shares
11th Apr 20137:00 amRNSPRELIMINARY RESULTS
7th Mar 20137:00 amRNSTHROUGHPUT AT CAIJIAYING / LICENCE AT ZONE II
3rd Dec 20127:00 amRNSTransaction in Own Shares
4th Sep 20127:00 amRNSHalf Yearly Report
30th Jul 201211:51 amRNSResult of AGM
30th Jul 20127:00 amRNSCompletion of Agreements
26th Jun 20127:00 amRNSNotice of AGM and Annual Financial Report
31st May 20128:00 amRNSDirector/PDMR Shareholding
28th May 20127:00 amRNSFinal Results
24th May 20127:00 amRNSDrilling Report
22nd May 20127:00 amRNSNew JORC Report for Caijiaying Mine
10th May 20127:00 amRNSIncrease in Interest in Caijiaying Mine
1st May 20128:41 amRNSNotice of Results
4th Apr 201211:14 amRNSHolding(s) in Company
8th Nov 20117:00 amRNSCHINA MINING AWARD
6th Sep 20117:00 amRNSInterim Results
8th Jun 20111:33 pmRNSResult of AGM
19th May 20117:00 amRNSTransaction in Own Shares
16th May 20117:00 amRNSTransaction in Own Shares
13th May 20118:21 amRNSNotice of AGM
13th May 20117:00 amRNSTransaction in Own Shares
12th May 20117:00 amRNSTransaction in Own Shares
11th May 20117:00 amRNSTransaction in Own Shares
10th May 20117:00 amRNSNotice of AGM
10th May 20117:00 amRNSTransaction in Own Shares
4th May 20117:00 amRNSFinal Results
3rd May 20117:00 amRNSTransaction in Own Shares
26th Apr 20118:05 amRNSTransaction in Own Shares
20th Apr 20118:24 amRNSTransaction in Own Shares
15th Apr 20117:44 amRNSTransaction in Own Shares
14th Apr 20117:00 amRNSTransaction in Own Shares
13th Apr 20117:00 amRNSTransaction in Own Shares
8th Apr 20117:00 amRNSTransaction in Own Shares

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