Griffin Mining non-exec adds 350,000 shares
A non-executive of Griffin Mining has added to his already large stake in the company with an additional 350,000 shares.
Charlemagne Capital Ltd.
13.75p
14:09 14/12/16
FTSE 100
8,139.83
17:09 26/04/24
Griffin Mining Ltd.
152.00p
17:15 26/04/24
Kingfisher
247.00p
16:35 26/04/24
Adam Usdan, who joined the company earlier in the year and is also a founding shareholder of the company, now holds 29.14m shares in the group, equal to a 16.3% interest.
The purchase comes just a few weeks after the group reported a slight drop in half-year revenue, from $33.7m to $33.2m, although pre-tax profit climbed from $5.8m to $7.4m.
The group reported an increase in zinc and gold production, but a drop in lead and silver production.
Usdan spent 37.50p apiece on 350,000 shares, for a total spend of £131,250.
Top Director Buys
Griffin Mining Ltd. (GFM)
Director name: Mr Adam Usdan
Amount purchased: 350,000 @ 37.50p
Value: £131,250
Charlemagne Capital Ltd. (CCAP)
Director name: Mr Micheal P Baer
Amount purchased: 300,000 @ 14.38p
Value: £43,110
Top Director Sells
Kingfisher (KGF)
Director name: Mr Ian Cheshire
Amount sold: 202,003 @ 312.88p
Value: £632,027
First Quantum Minerals Ltd. (FQM)
Director name: Mr Martin R Rowley
Amount sold: 24,370 @ 1,288.09p
Value: £313,908
Kingfisher (KGF)
Director name: Mr Ian Cheshire
Amount sold: 9,589 @ 312.86p
Value: £30,000
Kingfisher (KGF)
Director name: Mr Ian Cheshire
Amount sold: 5,058 @ 312.88p
Value: £15,825