Cadence Minerals PLC Director Share Purchase and Purchase Programme (0259Z)
December 12 2017 - 1:19AM
UK Regulatory
TIDMKDNC
RNS Number : 0259Z
Cadence Minerals PLC
12 December 2017
Cadence Minerals Plc
("Cadence Minerals", "Cadence" or "the Company")
Director Share Purchase and Defined Director Purchase
Programme
Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) announces that the
Directors of the Company have acquired 6.7 million shares in the
company at an average price of 0.28 pence. In addition, all of the
Directors have entered into a Defined Director Purchase
Programme.
Director Share Purchase
Details of the Director purchases are contained in the table
below:
Date Purchased Director Position Number of ordinary shares Price paid per share (pence)
acquired
---------------- ---------------- ------------------ ------------------------------ ------------------------------
11/12/2017 Kiran Morzaria Director & CEO 3,508,772 0.29
---------------- ---------------- ------------------ ------------------------------ ------------------------------
11/12/2017 Donald Strang Finance Director 3,182,011 0.27
---------------- ---------------- ------------------ ------------------------------ ------------------------------
Total 6,690,783 0.28
------------------------------------------------------ ------------------------------ ------------------------------
After these acquisitions the total notifiable share interest in
the Company for the directors is as follows
Director Position Total Notifiable Interests (shares)
------------------ ------------------ ------------------------------------
Director &
Kiran Morzaria CEO 8,508,772
------------------ ------------------ ------------------------------------
Donald Strang Finance Director 3,182,011
------------------ ------------------ ------------------------------------
Non-Executive
Adrian Fairbourn Director 6,666,667
------------------ ------------------ ------------------------------------
Total 18,357,450
-------------------------------------- ------------------------------------
Defined Director Purchase Programme
Andrew Suckling, Kiran Morzaria, Donald Strang and Adrian
Fairbourn have all entered into a Defined Director Purchase
Programme ("DDPP") in which they will each purchase GBP1,000 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 2(nd) February 2018 and ending the 4(th) 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.
Ends -
For further information,
please contact.
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
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 over GBP25 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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHDDBDDSXBBGRB
(END) Dow Jones Newswires
December 12, 2017 02:19 ET (07:19 GMT)
Cadence Minerals (LSE:KDNC)
Historical Stock Chart
From Apr 2024 to May 2024
Cadence Minerals (LSE:KDNC)
Historical Stock Chart
From May 2023 to May 2024