Cadence Minerals PLC Director Share Purchases (2732D)
October 08 2018 - 5:10AM
UK Regulatory
TIDMKDNC
RNS Number : 2732D
Cadence Minerals PLC
08 October 2018
Cadence Minerals Plc
("Cadence Minerals", "Cadence" or "the Company")
Director Share Purchases
As announced in December 2017 the Directors 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 2nd February 2018 and ending the 4th
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.
Details of the Director purchases are contained in the table
below:
Director Position Number of ordinary Price paid per
shares acquired share (pence)
Non-Executive
Andrew Suckling Chairman 400,000* 0.25*
------------------ ------------------- ----------------
Kiran Morzaria Director & CEO 671,140 0.15
------------------ ------------------- ----------------
Donald Strang Finance Director 700,000 0.14
------------------ ------------------- ----------------
Non-Executive
Adrian Fairbourn Director 666,107 0.15
------------------ ------------------- ----------------
*Andrew Suckling purchased his DDPP obligation through the ADR
listing in the OTC market (KDNCY:OTC) in the United States, in
which 500 KDNC shares is equivalent to 1 ADR share, the purchase
price was US$1.62 per ADR or approximately 0.25 pence per
shares.
After these acquisitions, the total notifiable share interest in
the Company for the directors is as follows
Director Position Total Notifiable Interests
(shares)
Non-Executive
Andrew Suckling Chairman 4,490,000
------------------ ---------------------------
Kiran Morzaria Director & CEO 13,270,490
------------------ ---------------------------
Donald Strang Finance Director 10,947,011
------------------ ---------------------------
Non-Executive
Adrian Fairbourn Director 11,391,867
------------------ ---------------------------
Total 40,099,368
---------------------------
For further information:
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
Ingo Hofmaier
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 Director & 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, type of instrument Ordinary Share
Identification code
GB00B067JC96
------------------------------------------------------------- -------------------------------------------
b) Nature of the transaction Defined Directors Share Purchase Programme
------------------------------------------------------------- -------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
0.0015 671,140
----------
------------------------------------------------------------- -------------------------------------------
d) Aggregated information 671,140
* Aggregated volume 0.0015
* Price
------------------------------------------------------------------ -------------------------------------------
e) Date of the transaction 05/10/2018
------------------------------------------------------------- -------------------------------------------
f) Place of the transaction XLON, AIM
------------------------------------------------------------- -------------------------------------------
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 Chairman
------------------------------------------------------------- -------------------------------------------
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, type of instrument Level 1 ADR
Identification code
DR ISIN: US12738Y1091- CUSIP: 12738Y109
------------------------------------------------------------- -------------------------------------------
b) Nature of the transaction Defined Directors Share Purchase Programme
------------------------------------------------------------- -------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
0.0025 400,000
----------
------------------------------------------------------------- -------------------------------------------
d) Aggregated information
* Aggregated volume 400,000
0.0025
* Price
------------------------------------------------------------------ -------------------------------------------
e) Date of the transaction 05/10/2018
------------------------------------------------------------- -------------------------------------------
f) Place of the transaction OTC US
------------------------------------------------------------- -------------------------------------------
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, type of instrument Ordinary Share
Identification code
GB00B067JC96
------------------------------------------------------------- -------------------------------------------
b) Nature of the transaction Defined Directors Share Purchase Programme
------------------------------------------------------------- -------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
0.0014 700,000
----------
------------------------------------------------------------- -------------------------------------------
d) Aggregated information
* Aggregated volume 0.0014
700,000
* Price
------------------------------------------------------------------ -------------------------------------------
e) Date of the transaction 05/10/2018
------------------------------------------------------------- -------------------------------------------
f) Place of the transaction XLON, AIM
------------------------------------------------------------- -------------------------------------------
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, type of instrument Ordinary Share
Identification code
GB00B067JC96
------------------------------------------------------------- -------------------------------------------
b) Nature of the transaction Defined Directors Share Purchase Programme
------------------------------------------------------------- -------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
0.0015 666,107
----------
------------------------------------------------------------- -------------------------------------------
d) Aggregated information
* Aggregated volume 666,107
0.0015
* Price
------------------------------------------------------------------ -------------------------------------------
e) Date of the transaction 05/10/2018
------------------------------------------------------------- -------------------------------------------
f) Place of the transaction XLON, AIM
------------------------------------------------------------- -------------------------------------------
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.
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 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.
END
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