Cadence Minerals PLC - Issue of Options
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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