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
update to Share Buy Back
Programme
12th
APRIL
2024
Further to the announcement of
26th February 2024 in which Griffin Mining Ltd. ("the
Company") renewed its Share Buyback Programme, the Company
announces that it has entered into an
irrevocable commitment with its corporate
broker Panmure Gordon (UK) Limited ("Panmure Gordon") to manage the
Share Buyback Programme on its
behalf, repurchasing the Company's ordinary shares from 12th April 2024.
Panmure Gordon will make trading
decisions in relation to the buyback of ordinary shares
independently of the Company. The Company confirms that it does not
consider itself to have any inside information at present. The
parameters of the Share Buyback Programme
regarding price and volume remain unchanged; the Share Buyback
Programme will be carried out on the London Stock Exchange and will
be effected within the safe harbour provisions set out in the
Market Abuse Regulation 596/2014 ("MAR"), the Commission Delegated
Regulation (EU) 2016/1052 and the applicable laws and regulations
of the London Stock Exchange.
The Company will make further regulatory announcements in respect of
repurchases of ordinary shares as required by UK MAR and the AIM
Rules, including as to whether those shares will be cancelled or
are to be held in treasury.
In addition to the Share Buyback
Programme, the directors continue to reserve the right (subject to
compliance with applicable law) to:
1. purchase large blocks
of shares from individual shareholders where the large number of
such shares offered in the market may cause instability in the
Company's share price; and
2. purchase a larger
number of shares via a tender offer which would be the subject of
further documentation being sent to non-US resident
shareholders.
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
Dominic Morley
Dougie McLeod
Berenberg
Telephone: +44(0)20 3207 7800
Matthew
Armitt
Jennifer Lee
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