Directors Share Dealings

Griffin Mining Limited (“Griffin”) has today been advised that Trellus Co. LLC in which Mr Adam Usdan, a non-executive director of Griffin, has an interest, has purchased 50,000 ordinary shares in Griffin at a price of 39.0 pence per share. Following this purchase Mr. Adam Usdan, through both direct and indirect interests, has a beneficial interest in 29,294,113 shares in Griffin, representing 16.4% of the Company’s issued share capital.

Holding(s) in company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii Griffin Mining Limited
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments X
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the notification obligation: iii BlackRock, Inc.
4. Full name of shareholder(s) (if different from 3.):iv
5. Date of the transaction and date on which the threshold is crossed or reached: v 1st October 2014
6. Date on which issuer notified: 2nd October 2014
7. Threshold(s) that is/are crossed or reached: vi, vii Holding is below 11%

 

8. Notified details:
A: Voting rights attached to shares viii, ix
Class/type of shares

if possible using the ISIN CODE

Situation previous to the triggering transaction Resulting situation after the triggering transaction
Number of Shares Number of Voting Rights Number of shares Number of voting rights % of voting rights x
Direct Directxi Indirect xii Direct Indirect
 

BMG319201049

 

15,426,369

 

15,426,369

 

N/A

 

N/A

 

15,943,715

 

N/A

 

8.91%

 

B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument Expiration date xiii Exercise/Conversion Period xiv Number of voting rights that may be acquired if the instrument is exercised/converted. % of voting rights

 

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction
Type of financial instrument Exercise price Expiration date xvii Exercise/Conversion period xviii Number of voting rights instrument refers to

 

% of voting rights xix, xx

 

CFD  

3,526,835

Nominal Delta
1.97% 1.97%

 

Total (A+B+C)
Number of voting rights Percentage of voting rights
 

19,470,550

 

10.87%

 

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
 

BlackRock Investment Management (UK) Limited – 19,470,550 (10.87%)

 

 

Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:

 

13. Additional information: BlackRock Regulatory Threshold Reporting Team
14. Contact name: Tim Dudley
15. Contact telephone number: 020 7743 1540

Appointment of Chief Operating Officer

Griffin Mining Ltd (“Griffin” or “the Company”) is pleased to announce the appointment of Mr Mark Hine, aged 56, as Chief Operating Officer of the Company. He is a mining engineer having graduated from the Western Australia School of Mines, a member of the Australian Institute of Company Directors and a member of the Australian Institute of Mining and Metallurgy.  He has extensive mining experience with over 25 years of senior management roles in both surface and underground mining operations. Since the beginning of the year, he has been a consultant at Griffin’s Caijiaying mine in China.

He has held a number of senior positions in the mining industry including Chief Operating Officer at Focus Minerals Ltd, Chief Executive Officer at Golden West Resources Ltd, Executive General Manager Mining at Macmahon Contractors Pty Ltd, Chief Executive officer at Queensland Industrial Minerals Ltd, Chief Executive Officer at Consolidated Rutile Ltd and General Manager Pasminco, Broken Hill / Elura Mines.

Chairman, Mr Mladen Ninkov, commented “I am delighted that Mark has agreed to join Griffin considering his extensive past achievements and his already substantial contribution in assisting in improving mining operations at Caijiaying. Mark will continue to spend considerable time at Caijiaying contributing his considerable experience and expertise to the Operations Manager and staff at Caijiaying and assisting me in the corporate development of the Company.”