Cadence Minerals PLC Issue of Options (2891X)
April 30 2021 - 9:42AM
UK Regulatory
TIDMKDNC
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
Non-Executive
Andrew Suckling Chairman 1,800,000
------------------ ----------
Chief Executive
Kiran Morzaria Officer 1,800,000
------------------ ----------
Donald Strang Finance Director 1,800,000
------------------ ----------
Non-Executive
Adrian Fairbourn 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 Initial notification
/ Amendment
------------------------------------- ---------------------------------
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 Options over Ordinary Shares
financial instrument
Identification Code GB00BJP0B151
------------------------------------- ---------------------------------
b) Nature of the transaction Issue of options
------------------------------------- ---------------------------------
c) Price(s) and volume(s) Price Volume
29.0p 1,800,000
----------
------------------------------------- ---------------------------------
Aggregated information
* Aggregated volume
1,800,000
d) * Price 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 Initial notification
/ Amendment
------------------------------------- ---------------------------------
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 Options over Ordinary Shares
financial instrument
Identification Code GB00BJP0B151
------------------------------------- ---------------------------------
b) Nature of the transaction Issue of options
------------------------------------- ---------------------------------
c) Price(s) and volume(s) Price Volume
29.0p 1,800,000
----------
------------------------------------- ---------------------------------
Aggregated information
* Aggregated volume
1,800,000
d) * Price 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 Initial notification
/ Amendment
------------------------------------- ---------------------------------
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 Options over Ordinary Shares
financial instrument
Identification Code GB00BJP0B151
------------------------------------- ---------------------------------
b) Nature of the transaction Issue of options
------------------------------------- ---------------------------------
c) Price(s) and volume(s) Price Volume
29.0p 1,800,000
----------
------------------------------------- ---------------------------------
Aggregated information
* Aggregated volume
1,800,000
d) * Price 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 Initial notification
/ Amendment
------------------------------------- ---------------------------------
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 Options over Ordinary Shares
financial instrument
Identification Code GB00BJP0B151
------------------------------------- ---------------------------------
b) Nature of the transaction Issue of options
------------------------------------- ---------------------------------
c) Price(s) and volume(s) Price Volume
29.0p 1,800,000
----------
------------------------------------- ---------------------------------
Aggregated information
* Aggregated volume
1,800,000
d) * Price 29.0p
------------------------------------- ---------------------------------
e) Date of the transaction 29 April 2021
------------------------------------- ---------------------------------
f) Place of the transaction Outside of a trading venue
------------------------------------- ---------------------------------
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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DSHBSGDSBSXDGBG
(END) Dow Jones Newswires
April 30, 2021 10:42 ET (14:42 GMT)
Cadence Minerals (LSE:KDNC)
Historical Stock Chart
From Mar 2024 to Apr 2024
Cadence Minerals (LSE:KDNC)
Historical Stock Chart
From Apr 2023 to Apr 2024
