REG - Cadence Minerals PLC - Director Share Purchases

Cadence MineralsAnnouncement

12/12/2018 07:05

RNS Number : 2229K
Cadence Minerals PLC
12 December 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.
Details of the Director purchases are contained in the table below. Due to administrative reasons, associated with the termination of the ADR, as date of this publication Adrian's broker were unable to complete the purchase of his DDPP for the month of December 2018, it is envisaged that this will be completed within the week.



Director


Position


Number of ordinary shares acquired


 Price paid per share (pence)




Andrew Suckling


Non-Executive Chairman


723,404


0.14




Kiran Morzaria


Director & CEO


723,404


0.14




Donald Strang


Finance Director


702,989


0.14



After these acquisitions, the total notifiable share interest in the Company for the directors is as follows



Director


Position








Andrew Suckling


Non-Executive Chairman


5,578,901




Kiran Morzaria


Director & CEO


14,671,860




Donald Strang


Finance Director


12,300,000




Adrian Fairbourn


Non-Executive Director


11,933,872




 Total






44,484,633



 
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








Ingo Hofmaier





















 
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)




0.0014


723,404








d)


Aggregated information
-      Aggregated volume
-      Price


 
723,404
0.0014




e)


Date of the transaction


10/12/2018




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)




0.0014


702,989








d)


Aggregated information
-      Aggregated volume
-      Price


 
702,989
0.0014
 




e)


Date of the transaction


10/12/2018




f)


Place of the transaction


XLON, AIM









 



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 Chairman




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)




0.0014


723,404








d)


Aggregated information
-      Aggregated volume
-      Price


 
723,404
0.0014




e)


Date of the transaction


10/12/2018




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.
 
END
 
 
DSHLIFSRFVLFLIT