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Director Share Purchases and Exercise of Options

RNS
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

+44 (0) 7879 584153

Andrew Suckling


Kiran Morzaria




WH Ireland Limited (NOMAD & Broker)

+44 (0) 207 220 1666

James Joyce


James Sinclair-Ford




Novum Securities Limited (Joint Broker)

+44 (0) 207 399 9400

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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