Result of Share Buyback
Griffin completed reverse accelerated bookbuild buyback of 3.3 million shares at 318p per share for $13.9m.
- Shares purchased 3,304,340
- Buyback price per share 318 pence
- Total consideration $13,870,296
- Issued ordinary share capital after cancellation 173,287,831
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THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018
8th Floor, 54 Jermyn Street, London, SW1Y 6LX. United Kingdom
E mail: griffin@griffinmining.com
Griffin Mining Limited
("Company" or "Griffin")
23rd June 2026
Result of Share Buyback via Reverse Accelerated Bookbuild
Related Party Transaction
Total Voting Rights
Following the launch announcement on 19 June 2026 (the "Launch Announcement"), Griffin is pleased to announce the final results of the share buyback to purchase ordinary shares of $0.01 each in the Company ("Ordinary Shares") via a reverse accelerated bookbuild (the "RABB Buyback").
Pursuant to the RABB Buyback, 3,304,340 Ordinary Shares will be acquired at a price of 318 pence per Ordinary Share (the "Buyback Price") for total consideration of $13,870,296 by Panmure Liberum, acting as principal. The Ordinary Shares purchased by the Company pursuant to the RABB Buyback will be cancelled (the "Cancellation").
On Cancellation, the Company's issued ordinary share capital will be 173,287,831 Ordinary Shares and the total number of voting rights in the Company will be 173,287,831. This 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 a change to their interest in, the Company, under the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority.
As part of the RABB Buyback, the Company is purchasing 2,363,340 Ordinary Shares from Richard Griffiths. This constitutes a related party transaction under Rule 13 of the AIM Rules, due to his status as a Substantial Shareholder (as defined under the AIM Rules). In this context, the Directors of the Company confirm, having consulted with the Company's nominated adviser, Panmure Liberum, that they consider that Griffin purchasing Ordinary Shares sold by Richard Griffiths in the RABB Buyback to be fair and reasonable insofar as its shareholders are concerned.
The person responsible for arranging the release of this announcement on behalf of the Company is
Roger Goodwin, Finance Director.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.