Issue of Options

RNS Number : 2891X

Cadence Minerals PLC

30 April 2021

 

Cadence Minerals Plc

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

Issue of Options

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) announces the award of 7,200,000 share options ("Share Options"). Each Share Option is exercisable over one ordinary share in the capital of the Company ("the "Ordinary Shares"). The Share Options are exercisable at a price of 29 pence per share being a 22% premium to the closing price of the Ordinary Shares on 29 April 2021 of 23.75 pence. These options will vest immediately and will expire on 30 April 2026.

The total options granted over Ordinary Shares to Persons Discharging Managerial Responsibilities within the Company (each being a "PDMR") are detailed below:

Director, PDMR	Position	Options
Andrew Suckling	Non-Executive Chairman	1,800,000
Kiran Morzaria	Chief Executive Officer	1,800,000
Donald Strang	Finance Director	1,800,000
Adrian Fairbourn	Non-Executive Director	1,800,000

The Share Options represent in aggregate 4.8% of the existing issued share capital. There are currently no other options outstanding.

The Directors of the Company accept responsibility for the contents of this announcement.

- Ends -

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

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	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 Identification Code	Options over Ordinary Shares GB00BJP0B151
b)	Nature of the transaction	Issue of options
c)	Price(s) and volume(s)	Price Volume 29.0p 1,800,000
d)	Aggregated information -  Aggregated volume -  Price	1,800,000 29.0p
e)	Date of the transaction	29 April 2021
f)	Place of the transaction	Outside of a trading venue

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 Identification Code	Options over Ordinary Shares GB00BJP0B151
b)	Nature of the transaction	Issue of options
c)	Price(s) and volume(s)	Price Volume 29.0p 1,800,000
d)	Aggregated information -  Aggregated volume -  Price	1,800,000 29.0p
e)	Date of the transaction	29 April 2021
f)	Place of the transaction	Outside of a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Andrew Suckling
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 Identification Code	Options over Ordinary Shares GB00BJP0B151
b)	Nature of the transaction	Issue of options
c)	Price(s) and volume(s)	Price Volume 29.0p 1,800,000
d)	Aggregated information -  Aggregated volume -  Price	1,800,000 29.0p
e)	Date of the transaction	29 April 2021
f)	Place of the transaction	Outside of a trading venue

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 Identification Code	Options over Ordinary Shares GB00BJP0B151
b)	Nature of the transaction	Issue of options
c)	Price(s) and volume(s)	Price Volume 29.0p 1,800,000
d)	Aggregated information -  Aggregated volume -  Price	1,800,000 29.0p
e)	Date of the transaction	29 April 2021
f)	Place of the transaction	Outside of a trading venue

 

END

 

 

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