REG - Cadence Minerals PLC - Issue of Options

Cadence MineralsAnnouncement

30/04/2021 15:45

RNS Number : 2891X
  
Cadence Minerals PLC
  
30 April 2021
  
 

Cadence Minerals Plc
 
("Cadence Minerals", "Cadence" or "the Company")
 
Issue of Options
 
Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) announces the award of 7,200,000 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 29 pence per share being a 22% premium to the closing price of the Ordinary Shares on 29 April 2021 of 23.75 pence. These options will vest immediately and will expire on 30 April 2026.
 
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


1,800,000




Kiran Morzaria


Chief Executive Officer


1,800,000




Donald Strang


Finance Director


1,800,000




Adrian Fairbourn


Non-Executive Director


1,800,000



 
The Share Options represent in aggregate 4.8% of the existing issued share capital. There are currently no other options outstanding. 
 
The Directors of the Company accept responsibility for the contents of this announcement.
 
- Ends -
 
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
 



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
 


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
 
 
 
GB00BJP0B151




b)


Nature of the transaction
 


Issue of options




c)


Price(s) and volume(s)
 





Price


Volume




29.0p


1,800,000








d)


Aggregated information
 
-       Aggregated volume
 
-       Price
 


 
 
1,800,000
 
29.0p




e)


Date of the transaction
 


29 April 2021




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
 
 
 
GB00BJP0B151




b)


Nature of the transaction
 


Issue of options




c)


Price(s) and volume(s)
 





Price


Volume




29.0p


1,800,000








d)


Aggregated information
 
-       Aggregated volume
 
-       Price
 


 
 
1,800,000
 
29.0p




e)


Date of the transaction
 


29 April 2021




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
 
 
 
GB00BJP0B151




b)


Nature of the transaction
 


Issue of options




c)


Price(s) and volume(s)
 





Price


Volume




29.0p


1,800,000








d)


Aggregated information
 
-       Aggregated volume
 
-       Price
 


 
 
1,800,000
 
29.0p




e)


Date of the transaction
 


29 April 2021




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
 
 
 
GB00BJP0B151




b)


Nature of the transaction
 


Issue of options




c)


Price(s) and volume(s)
 





Price


Volume




29.0p


1,800,000








d)


Aggregated information
 
-       Aggregated volume
 
-       Price
 


 
 
1,800,000
 
29.0p




e)


Date of the transaction
 


29 April 2021




f)


Place of the transaction
 


Outside of a trading venue



 

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