Griffin Mining (GB:GFM) has released an update.
Griffin Mining Ltd has announced the purchase of 43,500 of its own ordinary shares at 159 pence each, to be held in treasury, as part of its Share Buyback Programme initiated earlier this year. The transaction affects the total shares in issue, with 183,965,136 Ordinary Shares remaining as the new denominator for shareholders’ notifications of interest. This buyback move by the mining company could indicate a strategic approach to managing its capital structure and providing value to its shareholders.
For further insights into GB:GFM stock, check out TipRanks’ Stock Analysis page.
