Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) announces the award of 7,200,000 share options. Each Share Option is exercisable over one ordinary share in the capital of the Company. The Share Options are exercisable at a price of 29 pence per share being a 22% premium to the closing price of the Ordinary Shares on 29 April 2021 of 23.75 pence. These options will vest immediately and will expire on 30 April 2026.

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

Director, PDMR	Position	Options
Andrew Suckling	Non-Executive Chairman	1,800,000
Kiran Morzaria	Chief Executive Officer	1,800,000
Donald Strang	Finance Director	1,800,000
Adrian Fairbourn	Non-Executive Director	1,800,000

 

The Share Options represent in aggregate 4.8% of the existing issued share capital. There are currently no other options outstanding.

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

– Ends –

 

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

 

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