REG - Cadence Minerals PLC - Director Share Purchases

Cadence MineralsAnnouncement

05/03/2018 10:15

RNS Number : 6780G
Cadence Minerals PLC
05 March 2018
5 March 2018
Cadence Minerals Plc
("Cadence Minerals", "Cadence" or "the Company")
Director Share Purchases
As announced in December 2017 the Directors all entered into a Defined Director Purchase Programme ("DDPP") in which they will each purchase 1,000 of ordinary shares per month for 12 months. These shares will be purchased from the market on the first Friday of each month starting on 2nd February 2018 and ending the 4th January 2019. The market will be notified of the purchases on the next trading day via a PDMR; Directors dealing notification.
The Directors have entered into a DDPP in an open period and under this programme are therefore committed to the purchase of shares in what otherwise may be a close period. Entering into the DDPP does not preclude the directors from buying additional shares in the Company during open periods.
Mr Andrew Suckling did not complete his scheduled DDPP on 2 March 2018, due to an error by his broker, as such it is anticipated that this will be completed during the course of this week.
Details of the Director purchases are contained in the table below:
Date Purchased
Director
Position
Number of ordinary shares acquired
Price paid per share (pence)
02/03/2018
Kiran Morzaria
Director & CEO
400,801
0.25
02/03/2018
Donald Strang
Finance Director
400,000
0.25
02/03/2018
Adrian Fairbourn
Non-Executive Director
400,802
0.25
After these acquisitions the total notifiable share interest in the Company for the directors is as follows
Director
Position
Total Notifiable Interests (shares)
Andrew Suckling
Executive Chairman
340,000
Kiran Morzaria
Director & CEO
9,271,564
Donald Strang
Finance Director
6,932,011
Adrian Fairbourn
Non-Executive Director
7,407,605
Total

23,951,180
For further information:
Cadence Minerals plc
+44 (0) 207 440 0647
Andrew Suckling

Kiran Morzaria



WH Ireland Limited (NOMAD & Broker)
+44 (0) 207 220 1666
James Joyce

James Sinclair-Ford



Hannam & Partners LLP (Joint Broker)
+44 (0) 207 907 8500
Neil Passmore

Giles Fitzpatrick



Square1 Consulting
+44 (0) 207 929 5599
David Bick

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
Defined Directors Share Purchase Programme
c)
Price(s) and volume(s)
Price(s)
Volume(s)
0.0025
400,801
d)
Aggregated information
- Aggregated volume
- Price
400,801
0.0025
e)
Date of the transaction
02/03/2018
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
Defined Directors Share Purchase Programme
c)
Price(s) and volume(s)
Price(s)
Volume(s)
0.0025
400,000
d)
Aggregated information
- Aggregated volume
- Price
400,000
0.0025
e)
Date of the transaction
02/03/2018
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
Defined Directors Share Purchase Programme
c)
Price(s) and volume(s)
Price(s)
Volume(s)
0.0025
400,802
d)
Aggregated information
- Aggregated volume
- Price
400,802
0.0025
e)
Date of the transaction
02/03/2018
f)
Place of the transaction
XLON, AIM
About Cadence Minerals:
Cadence is dedicated to smart investments for a greener world. The planet needs rechargeable batteries on a global scale - upcoming supersized passenger vehicles, lorries and buses - require lithium and other technology minerals to power their cells. Cadence is helping find these minerals in new places and extracting them in new ways, which will meet the demand of this burgeoning market. With circa 20 million vested in key assets globally, Cadence is helping us reach tomorrow, today.
Cadence invests across the globe, principally in lithium mining projects. Its primary strategy is taking significant economic stakes in upstream exploration and development assets within strategic metals. We identify assets that have strategic cost advantages that are not replicable, with the aim of achieving lower quartile production costs. The combination of this approach and seeking value opportunities allows us to identify projects capable of achieving high rates of return.
The Cadence board has a blend of mining, commodity investing, fund management and deal structuring knowledge and experience, that is supported by access to key marketing, political and industry contacts. These resources are leveraged not only in our investment decisions but also in continuing support of our investments, whether it be increasing market awareness of an asset, or advising on product mix or path to production. Cadence Mineral's goal is to assist management to rapidly develop the project up the value curve and deliver excellent returns on its investments.

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The company news service from the London Stock Exchange
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