Griffin Mining is amending its stock incentive plan by issuing new shares
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Griffin Mining ( (GB:GFM) ) made an announcement.
Griffin Mining Limited has announced the cancellation of 6 million shares previously issued under its stock incentive plan and the issuance of 7 million new shares to Keynes Capital, Mladen Ninkov’s employer, under more stringent terms. The move aims to align the incentive structure with shareholder expectations, as the new shares are subject to specific contractual conditions and are scheduled to trade on AIM by January 2025, impacting stakeholder interest calculations.
More about Griffin Mining Company
Griffin Mining Limited operates in the mining industry, focusing on the extraction of zinc, gold, silver and lead minerals through its majority owned Caijiaying Zinc Gold Mine in China. The company is listed on the Alternative Investment Market (AIM) of the London Stock Exchange.
Price performance since the beginning of the year: 69.94%
Average trading volume: 121,879
Artistic Sentiment Consensus Rating: He sells
Current market value: £269.4 million
For an in-depth examination of GFM stock, go to TipRanks stock analysis page.
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