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Transaction Shares Definition

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Griffin Mining Ltd ("the Company" - announces that the Company has been notified that on the 4th November 2021 Trellus Partners LLP (the “Partnership”), the General Partner of a Limited Partnership in which Mr. Adam Usdan, a non-executive director, has a controlling interest, distributed 84,930 shares in the Company at 98 pence per share to a Limited Partner of the Partnership.

Following this disposal Mr. Adam Usdan will have a direct and indirect holding in the Company of 34,324,626 Ordinary Shares, representing 19.6% of the Company's issued share capital.


Template for notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them



Details of the person discharging managerial responsibilities/person closely associated



Adam Usdan


Reason for the notification





Initial notification/ Amendment

Initial notification


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor



Griffin Mining Limited





Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted


Description of the financial instrument, type of instrument Identification code

Ordinary Shares


Nature of the transaction

Disposal of Ordinary Shares


Price(s) and volume(s)

84,930 at 98 pence per share


Aggregated information
- Aggregated volume
- Price

84,930 Ordinary Shares in Griffin Mining Limited at 98 pence per share totalling £83,231.40


Date of the transaction

4th November 2021


Place of the transaction

London Stock Exchange Alternative Investment Market

(1) Commission Delegated Regulation (EU) 2016/522 of 17 December 2015 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council as regards an exemption for certain third countries public bodies and central banks, the indicators of market manipulation, the disclosure thresholds, the competent authority for notifications of delays, the permission for trading during closed periods and types of notifiable managers' transactions (see page 1 of this Official Journal).

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

John Prior


Berenberg Telephone: +44(0)20 3207 7800

Matthew Armitt

Jennifer Wyllie

Deltir Elezi

Swiss Resource Capital AG [email protected]

Jochen Staiger


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:

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