Last checked at 20 Jul 2023 10:22
8th Floor, Royal Trust House, 54 Jermyn Street, London. SW1Y 6LX. United Kingdom
Telephone: + 44 (0)20 7629 7772 Facsimile: + 44 (0)20 7629 7773
E mail: griffin@griffinmining.com
TRANSACTION IN SHARES
20th July 2023
Griffin Mining Limited ("the Company") announces that the Company has been notified that on the 19th July 2023, 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 414,470 shares in the Company at 86 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 29,794,878 Ordinary Shares, representing 14.9% 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 | ||
a) | Name | Adam Usdan | |
2 | Reason for the notification | ||
a) | Position/status | Director | |
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 | |
b) | LEI | 213800GNF70RCZFL9976 | |
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) | 414,470 at 86 pence per share | |
d) | Aggregated information-Aggregated volume- Price | 414,470 Ordinary Shares in Griffin Mining Limited at 86 pence per share totalling £356,444 | |
e) | Date of the transaction | 19th July 2023 | |
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). | |||
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About Griffin Mining Limited
Griffin Mining Limited's shares are quoted on the Alternative Investment Market (AIM) of the London Stock Exchange (symbol GFM). Griffin Mining Limited owns and operates in China, through its 88.8% owned Joint Venture stock company, the Caijiaying Zinc Gold Mine, a profitable mine producing zinc, gold, silver, and lead metals in concentrates. For more information, please visit the Company's website www.griffinmining.com.
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
John Prior
Freddie Twist
Berenberg Telephone: +44(0)20 3207 7800
Matthew Armitt
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014
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