Cadence Minerals (AIM: KDNC) announces the award of 21,280,000 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 6 pence per share being approximately 10% premium to the closing mid-price of the Ordinary Shares on 5 May 2026 of 5.5 pence. These options will vest immediately and will expire on 31 December 2031.

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	5,320,000
Kiran Morzaria	Chief Executive Officer	5,320,000
Donald Strang	Finance Director	5,320,000
Adrian Fairbourn	Non-Executive Director	5,320,000

The Share Options represent in aggregate 4.97% of the existing issued share capital. There are currently 14,720,000 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 info:

Cadence Minerals plc	+44 (0) 20 3582 6636
Andrew Suckling
Kiran Morzaria
Zeus Capital Limited (NOMAD & Broker)	+44 (0) 20 3829 5000
James Joyce
Darshan Patel
Fortified Securities – Joint Broker	+44 (0) 20 3411 7773
Guy Wheatley
Brand Communications	+44 (0) 7976 431608
Public & Investor Relations
Alan Green