Issue of Options
06/05/2026 17:32
RNS Number : 3099D
Cadence Minerals PLC
06 May 2026
6 May 2026
Cadence Minerals Plc
("Cadence Minerals", "Cadence" or "the Company")
Issue of Options
Cadence Minerals (AIM: KDNC) announces the award of 21,280,000 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 6 pence per share being approximately 10% premium to the closing mid-price of the Ordinary Shares on 5 May 2026 of 5.5 pence. These options will vest immediately and will expire on 31 December 2031.
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 | 5,320,000 |
| Kiran Morzaria | Chief Executive Officer | 5,320,000 |
| Donald Strang | Finance Director | 5,320,000 |
| Adrian Fairbourn | Non-Executive Director | 5,320,000 |
| For further information: |
| Cadence Minerals plc | +44 (0) 20 3582 6636 |
| Andrew Suckling | |
| Kiran Morzaria | |
| Zeus Capital Limited (NOMAD & Broker) | +44 (0) 20 3829 5000 |
| James Joyce | |
| Darshan Patel | |
| Fortified Securities - Joint Broker | +44 (0) 20 3411 7773 |
| Guy Wheatley | |
| Brand Communications | +44 (0) 7976 431608 |
| Public & Investor Relations | |
| Alan Green |
| 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 GB00B067JC96 | ||||
| b) | Nature of the transaction | Issue of options | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | 5,320,000 6p | ||||
| e) | Date of the transaction | 6 May 2026 | ||||
| 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 GB00B067JC96 | ||||
| b) | Nature of the transaction | Issue of options | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | 5,320,000 6p | ||||
| e) | Date of the transaction | 6 May 2026 | ||||
| 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 GB00B067JC96 | ||||
| b) | Nature of the transaction | Issue of options | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | 5,320,000 6p | ||||
| e) | Date of the transaction | 6 May 2026 | ||||
| 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 GB00B067JC96 | ||||
| b) | Nature of the transaction | Issue of options | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | 5,320,000 6p | ||||
| e) | Date of the transaction | 6 May 2026 | ||||
| f) | Place of the transaction | Outside of a trading venue | ||||