Business
UPDATE TO SHARE BUY-BACK PROGRAMME
UPDATE TO SHARE BUY-BACK PROGRAMME.
About this update from Griffin Mining Limited
[{"type":"text","content":"\n\n\n \n8th Floor, 54 Jermyn Street, London, SW1Y 6LX. United Kingdom\nTelephone: + 44 (0)20 7629 7772 Facsimile: + 44 (0)20 7629 7773\nE mail: [email protected]\n \nUPDATE TO SHARE BUY-BACK PROGRAMME\n \n22nd September 2023\nOn 25th February 2021, Griffin Mining Limited (\"Griffin\", or the \"Company\") announced a share buy-back programme to return excess monies not required to meet financial and working capital requirements to shareholders. On 12th September 2023, the Company announced that it was renewing efforts to successfully effect the previously announced share buy-back programme.\nUnder the terms of the buy-back programme as originally announced, the Company will not purchase more than 25% of the average daily volume of its shares, being based on the average daily volume traded in the 20 trading days preceding the date of purchase. In order to proceed with the share buy-back programme in a more effective manner, the Company has agreed that the share buy-back may on any given trading day exceed 25 percent but remain below 50 percent of the average daily volume traded in the 20 trading days preceding the date of purchase. Should this occur, the Company may not benefit from the exemption contained in Article 5(1) in MAR.\n \n \nFurther information\n \nGriffin Mining Limited\nMladen Ninkov - Chairman Telephone: +44(0)20 7629 7772\nRoger Goodwin - Finance Director\n \nPanmure Gordon (UK) Limited Telephone: +44 (0)20 7886 2500\n John Prior\n Dougie McLeod\n \nBerenberg&n...