REG - Cadence Minerals PLC - Director Share Purchases and Exercise of Options

Cadence MineralsAnnouncement

04/11/2020 10:20

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










 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
  END
 
 
DSHEAEFLEFKEFFA