Director Share Purchases and Exercise of Options

RNS Number : 2393E

Cadence Minerals PLC

04 November 2020

 

Cadence Minerals Plc

("Cadence Minerals", "Cadence" or "the Company")

Director Share Purchases and Exercise of Options

Cadence (AIM:KDNC), the mining investment company, announces that on the 3 November the following directors purchased ordinary shares in the Company.

Director	Position	Number of ordinary shares acquired	Price paid per share (£)
Kiran Morzaria	Director & CEO	247,688	0.12
Donald Strang	Finance Director	212,000	0.12
Adrian Fairbourn	Non-Executive Director	50,000	0.12

In addition to the Adrian Fairbourn has exercised option over 200,000 new ordinary shares ("Ordinary Shares") at exercise price of £0.06 per share. Application has been made to the on the AIM market ("AIM") of London Stock Exchange plc ("LSE") and to the AQSE Growth Market ("AQSE") operated by Aquis Exchange Plc for the Ordinary Shares ("Admission"). Admission is expected to occur on or around 12 November 2020.

Following Admission, the Company will have 144,719,053 Ordinary Shares in issue. There are no shares held in treasury. The total voting rights in the Company is therefore 144,719,053 and Shareholders may use this figure as the denominator by which they are required to notify their interest in, or change to their interest in, the Company under the Disclosure Guidance and Transparency Rules.

After these acquisitions, the total notifiable share interest in the Company for the directors is as follows

Director	Position	Total holding of ordinary shares
Kiran Morzaria	Director & CEO	1,112,000
Donald Strang	Finance Director	797,545
Andrew Suckling	Non-Executive Director	64,096
Adrian Fairbourn	Non-Executive Director	386,005

- Ends -

For further information:
Cadence Minerals plc	[phone]
Andrew Suckling
Kiran Morzaria
WH Ireland Limited (NOMAD & Broker)	[phone]
James Joyce
James Sinclair-Ford
Novum Securities Limited (Joint Broker)	[phone]
Jon Belliss

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1		Details of the person discharging managerial responsibilities/person closely associated
a)		Name	Kiran Morzaria
2		Reason for the notification
a)		Position/status	Director & CEO
b)		Initial notification/ Amendment	Initial notification
3		Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)		Name	Cadence Minerals PLC
b)		LEI	213800TUZWG9C2GRNO58
4		Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)		Description of the financial instrument, type of instrument Identification code	Ordinary Share GB00B067JC96
b)		Nature of the transaction	Share Purchase
c)		Price(s) and volume(s)	Price(s) Volume(s) 0.12 247,688
d)		Aggregated information -  Aggregated volume -  Price	247,688 0.12
e)		Date of the transaction	03/11/2020
f)		Place of the transaction	XLON, AIM
1		Details of the person discharging managerial responsibilities/person closely associated
a)		Name	Donald Strang
2		Reason for the notification
a)		Position/status	Finance Director
b)		Initial notification/ Amendment	Initial notification
3		Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)		Name	Cadence Minerals PLC
b)		LEI	213800TUZWG9C2GRNO58
4		Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)		Description of the financial instrument, type of instrument Identification code	Ordinary Share GB00B067JC96
b)		Nature of the transaction	Share Purchase
c)		Price(s) and volume(s)	Price(s) Volume(s) 0.12 212,000
d)		Aggregated information -  Aggregated volume -  Price	212,000 0.12
e)		Date of the transaction	03/11/2020
f)		Place of the transaction	XLON, AIM
1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name			Adrian Fairbourn
2	Reason for the notification
a)	Position/status			Non-Executive Director
b)	Initial notification/ Amendment			Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name			Cadence Minerals PLC
b)	LEI			213800TUZWG9C2GRNO58
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code			Ordinary Share GB00B067JC96
b)	Nature of the transaction			Share Purchase
c)	Price(s) and volume(s)			Price(s) Volume(s) 0.12 50,000
d)	Aggregated information -  Aggregated volume -  Price			50,000 0.12
e)	Date of the transaction			03/11/2020
f)	Place of the transaction			XLON, AIM
1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name			Adrian Fairbourn
2	Reason for the notification
a)	Position/status			Non-Executive Director
b)	Initial notification/ Amendment			Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name			Cadence Minerals PLC
b)	LEI			213800TUZWG9C2GRNO58
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code			Ordinary Share GB00B067JC96
b)	Nature of the transaction			Exercise of Options
c)	Price(s) and volume(s)			Price(s) Volume(s) 0.06 200,000
d)	Aggregated information -  Aggregated volume -  Price			200,000 0.06
e)	Date of the transaction			03/11/2020
f)	Place of the transaction			XLON, AIM

 

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