Griffin Mining Ltd Entrusts Panmure Gordon with Share Buyback Programme Management

Griffin Mining Ltd announced a significant update to its Share Buyback Programme on April 12, 2024, entrusting Panmure Gordon (UK) Limited with the management of the initiative. This decision follows a previous announcement on February 26, 2024, regarding the renewal of the buyback plan, now set to begin on the same date.

Panmure Gordon will operate independently from Griffin Mining, making autonomous trading decisions concerning the repurchase of the company's ordinary shares. Griffin Mining reassured stakeholders of its lack of inside information at the moment. The structured parameters concerning the price and volume of the buyback will adhere to established Market Abuse Regulation and London Stock Exchange rules, aiming for operation within specified safe harbour provisions.

The company also disclosed its plans to make necessary regulatory announcements regarding the Share Buyback Programme, including details on whether repurchased shares would be cancelled or held in treasury. Additionally, Griffin Mining hinted at the possibility of purchasing large share blocks or conducting a tender offer for a significant number of shares to non-US resident shareholders, subject to legal compliance.