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 |
|