Cadence Minerals #KDNC announces that Donald Strang, a Director of the Company acquired 3 million shares in the company at an average price of 0.31 pence.
Director Share Purchase
Details of the Director purchases are contained in the table below:
|
Date Purchased |
Director |
Position |
Number of ordinary shares acquired |
Price paid per share (pence) |
|
12/12/2017 |
Donald Strang |
Finance Director |
3,000,000 |
0.31 |
After these acquisitions the total notifiable share interest in the Company for the directors is as follows
|
Director |
Position |
Total Notifiable Interests (shares) |
|
Kiran Morzaria |
Director & CEO |
8,508,772 |
|
Donald Strang |
Finance Director |
6,182,011 |
|
Adrian Fairbourn |
Non-Executive Director |
6,666,667 |
|
Total |
21,357,450 |
– 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 |
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 |
Donald Strang |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
Director / 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
Identification code |
Ordinary Share
GB00B067JC96 |
||||
|
b) |
Nature of the transaction |
Share Incentive Plan purchase |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information – Aggregated volume – Price |
3,000,000 shares 0.31 pence |
||||
|
e) |
Date of the transaction |
12/12/2017 |
||||
|
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. With over £25 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.