Cadence (AIM:KDNC), the mining investment company, announces that on the 3 November the following directors purchased ordinary shares in the Company.
| Director | Position | Number of ordinary shares acquired | Price paid per share (£) |
| Kiran Morzaria | Director & CEO | 247,688 | 0.12 |
| Donald Strang | Finance Director | 212,000 | 0.12 |
| Adrian Fairbourn | Non-Executive Director | 50,000 | 0.12 |
In addition to the Adrian Fairbourn has exercised option over 200,000 new ordinary shares (“Ordinary Shares”) at exercise price of £0.06 per share. Application has been made to the on the AIM market (“AIM”) of London Stock Exchange plc (“LSE”) and to the AQSE Growth Market (“AQSE”) operated by Aquis Exchange Plc for the Ordinary Shares (“Admission”). Admission is expected to occur on or around 12 November 2020.
Following Admission, the Company will have 144,719,053 Ordinary Shares in issue. There are no shares held in treasury. The total voting rights in the Company is therefore 144,719,053 and Shareholders may use this figure as the denominator by which they are required to notify their interest in, or change to their interest in, the Company under the Disclosure Guidance and Transparency Rules.
After these acquisitions, the total notifiable share interest in the Company for the directors is as follows
| Director | Position | Total holding of ordinary shares |
| Kiran Morzaria | Director & CEO | 1,112,000 |
| Donald Strang | Finance Director | 797,545 |
| Andrew Suckling | Non-Executive Director | 64,096 |
| Adrian Fairbourn | Non-Executive Director | 386,005 |
– Ends –
| 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 | 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 Identification code | Ordinary Share GB00B067JC96 | ||
| b) | Nature of the transaction | Share Purchase | ||
| c) | Price(s) and volume(s) | Price(s)Volume(s)0.12247,688 | ||
| d) | Aggregated information- Aggregated volume- Price | 247,6880.12 | ||
| e) | Date of the transaction | 03/11/2020 | ||
| 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 Identification code | Ordinary Share GB00B067JC96 | ||
| b) | Nature of the transaction | Share Purchase | ||
| c) | Price(s) and volume(s) | Price(s)Volume(s)0.12212,000 | ||
| d) | Aggregated information- Aggregated volume- Price | 212,0000.12 | ||
| e) | Date of the transaction | 03/11/2020 | ||
| 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 Identification code | Ordinary Share GB00B067JC96 | ||
| b) | Nature of the transaction | Share Purchase | ||
| c) | Price(s) and volume(s) | Price(s)Volume(s)0.1250,000 | ||
| d) | Aggregated information- Aggregated volume- Price | 50,0000.12 | ||
| e) | Date of the transaction | 03/11/2020 | ||
| 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 Identification code | Ordinary Share GB00B067JC96 | ||
| b) | Nature of the transaction | Exercise of Options | ||
| c) | Price(s) and volume(s) | Price(s)Volume(s)0.06200,000 | ||
| d) | Aggregated information- Aggregated volume- Price | 200,0000.06 | ||
| e) | Date of the transaction | 03/11/2020 | ||
| f) | Place of the transaction | XLON, AIM | ||