REG - Cadence Minerals PLC - Issue of Options

Cadence MineralsAnnouncement

06/05/2026 17:45

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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

 

The Share Options represent in aggregate 4.97% of the existing issued share
capital. There are currently 14,720,000 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) 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  Options over Ordinary Shares

     Identification Code

                                              GB00B067JC96
 b)  Nature of the transaction                Issue of options

 c)  Price(s) and volume(s)                   Price  Volume

                                        6p     5,320,000

 d)  Aggregated information

     -       Aggregated volume                5,320,000

     -       Price                            6p

 e)  Date of the transaction                  6 May 2026

 f)  Place of the transaction                 Outside of a trading venue

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  Options over Ordinary Shares

     Identification Code

                                              GB00B067JC96
 b)  Nature of the transaction                Issue of options

 c)  Price(s) and volume(s)                   Price  Volume

                                        6p     5,320,000

 d)  Aggregated information

     -       Aggregated volume                5,320,000

     -       Price                            6p

 e)  Date of the transaction                  6 May 2026

 f)  Place of the transaction                 Outside of a trading venue

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  Options over Ordinary Shares

     Identification Code

                                              GB00B067JC96
 b)  Nature of the transaction                Issue of options

 c)  Price(s) and volume(s)                   Price  Volume

                                        6p     5,320,000

 d)  Aggregated information

     -       Aggregated volume                5,320,000

     -       Price                            6p

 e)  Date of the transaction                  6 May 2026

 f)  Place of the transaction                 Outside of a trading venue

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  Options over Ordinary Shares

     Identification Code

                                              GB00B067JC96
 b)  Nature of the transaction                Issue of options

 c)  Price(s) and volume(s)                   Price  Volume

                                        6p     5,320,000

 d)  Aggregated information

     -       Aggregated volume                5,320,000

     -       Price                            6p

 e)  Date of the transaction                  6 May 2026

 f)  Place of the transaction                 Outside of a trading venue

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

 

 

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