Tag Archives: PDMR

Cadence Minerals (AIM: KDNC) announces the award of 14,720,000 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 2 pence per share being approximately 10% premium to the closing mid-price of the Ordinary Shares on 16 January 2025 of 1.85 pence. These options will vest immediately and will expire on 31 December 2030.

The total options granted over Ordinary Shares to Persons Discharging Managerial Responsibilities within the Company (each being a “PDMR”) are detailed below:

The Share Options represent in aggregate 4.97% of the existing issued share capital. There are currently 7,200,000 other options outstanding.

The Directors of the Company accept responsibility for the contents of this announcement.

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The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (“MAR”), and is disclosed in accordance with the Company’s obligations under Article 17 of MAR. Upon the publication of this announcement, this inside information is now considered to be in the public  domain.