Business
ISSUE OF SHARES
ISSUE OF SHARES.
About this update from Griffin Mining Limited
[{"type":"text","content":"\n \n \n \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 \n [email protected]\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n issue of Shares Pursuant to the Company Share Incentive Plan\n \n \n \n \n \n \n \n \n \n 29th March 2023\n \n \n \n \n \n \n \n \n \n \n \n Griffin Mining Limited (\"Griffin\" or the \"Company\") is pleased to\n announce, pursuant to the announcement of 30th December 2022, the adoption and implementation of the proposed Company Share Incentive Plan (the \"Plan\"), to generally retain vital key Company personnel, in particular, Mladen Ninkov.\n \n \n \n \n \n In the announcement of the 30th December 2022 it was estimated that up to 10 million new fully paid new Ordinary Shares could be issued under the Plan, in fact, only 7,805,000 shares will be issued under the terms of the Plan.\n \n \n \n \n \n The new Ordinary Shares issued are subject to certain contractual terms including that the shares issued will not be sold or otherwise transferred or disposed of before\n 31st December 2024 except in the event of a transaction occurring with the Company, and that the shares issued will be returned in the event of malus and returned pro rata upon leaving the employment of the Company or its subsidiaries before 31st December 2024.\n \n \n \n \n \n Application will be made for the new ordinary shares, which will rank pari passu with the existing ordinary shares of the Company, to be admitted to trading on AIM (\"Admission\"). It is expected that Admission will occur on or around 4th April 2023.\n \n \n \n \n \n Following Admission, the issued share capital of the Company will consist of 192,828,420 ordinary shares. The Company holds 939,799 ordinary shares in the Company in treasury. The aforementioned figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change of their interest in, the Company, under the Financial Conduct Authorities Disclosure and Transparency Rules.\n \n \n \n \n \n Following Admission of the shares to trading on AIM the following persons holding manage...