Cadence Minerals PLC Director Share Purchases (3997E)

TIDMKDNC

RNS Number : 3997E

Cadence Minerals PLC

03 July 2019

Cadence Minerals Plc

("Cadence Minerals", "Cadence" or "the Company")

Director Share Purchases

The Company makes the following disclosures in relation to the participation of directors in the recent fundraising as announced on 27th June 2019 with title 'Placing to Raise GBP1.6 Million'.

Details of the Director purchases are contained in the table below.

 
 Director          Position            Number of ordinary       Price paid per 
                                        shares acquired          share (pence) 
 Kiran Morzaria    Director & CEO                 45,454,545              0.11 
                  ------------------  ----------------------  ---------------- 
 Donald Strang     Finance Director               45,454,545              0.11 
                  ------------------  ----------------------  ----------------

After these acquisitions, the total notifiable share interest in the Company for the directors is as follows

 
 Director            Position                   Total holding 
                                                 of ordinary shares 
 Andrew Suckling     Non-Executive Chairman               6,409,644 
                    ------------------------  --------------------- 
 Kiran Morzaria      Director & CEO                      60,957,149 
                    ------------------------  --------------------- 
 Donald Strang       Non-Executive Director              58,554,545 
                    ------------------------  --------------------- 
 Adrian Fairbourn    Finance Director                    13,600,539 
                    ------------------------  ---------------------

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

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) 
                                                                         GBP0.0011    45,454,545 
                                                                                     ----------- 
        ------------------------------------------------------------  ------------------------------------------- 
 d)       Aggregated information 
            *    Aggregated volume                                       45,454,545 
                                                                         GBP0.0011 
 
            *    Price 
        ------------------------------------------------------------  ------------------------------------------- 
 e)      Date of the transaction                                       02/07/2019 
        ------------------------------------------------------------  ------------------------------------------- 
 f)      Place of the transaction                                      XLON, AIM 
        ------------------------------------------------------------  ------------------------------------------- 
 
 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) 
                                                                         GBP0.0011    45,454,545 
                                                                                     ----------- 
      --------------------------------------------------------------  ------------------------------------------- 
 d)     Aggregated information 
          *    Aggregated volume                                         45,454,545 
                                                                         GBP0.0011 
 
          *    Price 
      --------------------------------------------------------------  ------------------------------------------- 
 e)                       Date of the transaction                      02/07/2019 
      --------------------------------------------------------------  ------------------------------------------- 
 f)    Place of the transaction                                        XLON, AIM 
      --------------------------------------------------------------  -------------------------------------------

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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