Business
Excercise of Options
Excercise of Options.
About this update from Griffin Mining Limited
[{"type":"text","content":"\n \n \n \n RNS Number : 4335L\n Griffin Mining Ld\n 12 January 2021\n \n \n \n \n \n \n \n 8th Floor, Royal Trust House, 54-56 Jermyn Street, London. SW1Y 6LX, United Kingdom\n \n \n Telephone: + 44 (0)20 7629 7772 Facsimile: + 44 (0)20 7629 7773\n \n \n \n E mail: \n \n \n [email protected]\n \n \n \n \n \n \n Exercise of Options\n \n \n \n \n \n \n 12th January 2021\n \n \n .\n \n \n \n Griffin Mining Ltd (\"the Company\") announces that\n the Company has been notified of and subsequently authorised on 7th January 2021 the exercise of options (\"the Options\") over 1,291,666 new ordinary shares in the Company granted to the directors and management in February 2015 at an exercise price of 30p per share.\n \n \n Following the exercise of the Options there will be 174,117,894 Ordinary Shares in the Company in issue. There are 540,000 shares held in treasury. \n \n \n The Options exercised include that by Persons Discharging Management Responsibility, as follows:\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Number of options \n \n \n vested\n \n \n \n \n \n \n \n \n \n \n \n Number of \n \n \n options\n \n \n exercised\n \n \n \n \n \n \n \n \n \n \n \n Number of options retained exercisable at 30p per share\n \n \n \n \n \n \n \n \n \n \n \n Number of shares held after exercise\n \n \n \n \n \n \n Adam Usdan (Director)\n \n \n \n \n 1,166,667\n \n \n \n \n \n \n \n \n \n \n \n 1,166,667\n \n \n \n \n \n \n \n \n \n \n \n -\n \n \n \n \n \n \n \n \n \n \n \n 34,644,425\n \n \n \n \n \n Following this exercise Adam Usdan, through both direct and indirect interests, will have a beneficial interest in 34,644,425 Ordinary Shares in Griffin, representing 19.9% of the Company's issued share capital.\n \n \n Application has been made to the London Stock Exchange for 1,291,666 new ordinary shares to be admitted to trading on AIM. These new ordinary shares will rank pari passu in all respects with the existing ordinary shares. It is expected that admission will become effective on or around 15 January 2021.\n \n \n \n \n \n \n \n \n Template for notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them\n \n \n \n \n \n \n \n \n 1\n \n \n \n \n Details of the person discharging ma...