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Cadence Minerals #KDNC – Issue of Share Options Exercisable at 29p

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

Cadence Minerals #KDNC – First Amapa Iron Ore Shipment Completed and En Route

Further to the announcement made on the 29 March, Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to announce that DEV Mineração S.A’s (“DEV”) has completed the sale and shipment of the first Iron Ore from the Amapa Iron Ore Project since 2015.

Loading of the ship was completed on the 30 March and she left the port of Santana yesterday, en route to the buyer. Operations continue at DEV to prepare for the next shipment, which, with all things being equal, we expect to be in four to five weeks.

Other Updates

Cadence is also pleased to announce that it has made the final repayment due under the convertible loans announced in 2019. There are not further convertible loan notes outstanding.

Webinar

Cadence will be presenting an investor webinar hosted by Vox Markets.The webinar will take place on 7th April 2021 at 5.30pm. Please register your interest and submit questions at: https://voxmarkets.brand.live/c/vox-markets-webinar-wednesday-april-7th

Cadence CEO Kiran Morzaria commented, “We are delighted to announce that the first Amapa iron ore shipment has completed and is now en route.”

“On behalf of the Cadence board, I would like to put on record our gratitude and appreciation of the tireless efforts of DEV, IndoSino and the port contractors to ensure the shipment completed on time and on schedule. This landmark first shipment from Amapa would not have been possible without the unwavering support of the local authorities and the state & federal agencies who have not only assisted us in completing our first shipment but have also made a material difference in our efforts to create new  employment and economic activity in the region.” 

“I look forward to updating you further in the upcoming webinar after Easter.”

Cadence Interest In the Amapa Iron Project

In early September 2020, we announced that DEV Mineração S.A’s (“DEV”), Cadence and Indo Sino Pty Ltd (“the Investors”) agreed in principle to the settlement terms proposed by the secured bank creditors (“Bank Creditors”). Detailed discussions and drafting of the legal documents continue.

The execution of a settlement agreement with the Bank Creditors would represent the satisfaction of Cadence’s remaining major precondition to make its initial 20% investment in the Amapa Project. On completion of the conditions and the release of the Cadence escrow monies, Cadence will become a 20% shareholder in the Amapá Project via our joint venture company, which will own 99.9% of DEV.

– 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

 

Qualified Person

Kiran Morzaria B.Eng. (ACSM), MBA, has reviewed and approved the information contained in this announcement. Kiran holds a Bachelor of Engineering (Industrial Geology) from the Camborne School of Mines and an MBA (Finance) from CASS Business School.

Forward-Looking Statements:

Certain statements in this announcement are or may be deemed to be forward-looking statements. Forward-looking statements are identified by their use of terms and phrases such as ”believe” ”could” “should” ”envisage” ”estimate” ”intend” ”may” ”plan” ”will” or the negative of those variations or comparable expressions including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors’ current expectations and assumptions regarding the Company’s future growth results of operations performance future capital and other expenditures (including the amount. nature and sources of funding thereof) competitive advantages business prospects and opportunities. Such forward-looking statements reflect the Directors’ current beliefs and assumptions and are based on information currently available to the Directors.  Many factors could cause actual results to differ materially from the results discussed in the forward-looking statements including risks associated with vulnerability to general economic and business conditions competition environmental and other regulatory changes actions by governmental authorities the availability of capital markets reliance on key personnel uninsured and underinsured losses and other factors many of which are beyond the control of the Company. Although any forward-looking statements contained in this announcement are based upon what the Directors believe to be reasonable assumptions. The Company cannot assure investors that actual results will be consistent with such forward-looking statements

Cadence Minerals #KDNC – Inaugural Shipment of Iron Ore from the Amapa Iron Ore Project, Brazil

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to announce that DEV Mineração S.A’s (“DEV”) has commenced the shipment of the iron ore stockpiles from Santana, Amapa, Brazil. This shipment was approved via a court petition (details of which can be found here) and represents the first shipment of Iron Ore from this asset since its closure in 2015.

Highlights:

  • The first shipment of 45,000 tonnes of iron ore from the Amapa Iron Ore Project has commenced
  • The vessel is currently loading and is due to sail this week
  • Iron Ore 62% Fe, CFR China at US$167.05 per tonne (26/02/2021)
  • Approximately 1.39Mt of iron ore currently stockpiled as DEV’s wholly-owned port
  • Operations are continuing in Brazil to prepare for the next shipment

On 19 February 2021, the State of São Paulo Upper Court published the ruling allowing DEV to export sufficient iron ore to realise a US$10 million profit. Soon after, operations restarted moving material from DEV’s wholly-owned port to Docas De Santana some 2 km away.

DEV worked with Indo Sino Pty Ltd (“Indo Sino”) and Cadence to start operations, charter a vessel and carry out a competitive bid process for the cargo. The buyer is one of the world’s largest globally diversified natural resource companies and a major producer and marketer of commodities.

The first portion of the net revenues shall be used to pay historic small and employee creditors (~US$2.5 million), after which approximately US$ 6 million of the net revenues will be used to begin recommissioning studies on the Amapa Iron Ore Project. The remaining net revenues with be used to provide working capital for the operations and payment against the outstanding amount due to the Bank Creditors.

Operations continue at the port in preparation for the next shipment, and at the mine, security has been put in place and tailing dam maintenance has commenced.

Settlement of Bank Creditors

In early September 2020, we announced that DEV Mineração S.A’s (“DEV”), Cadence and Indo Sino Pty Ltd (“the Investors”) agreed in principle to the settlement terms proposed by the secured bank creditors (“Bank Creditors”). Detailed discussions and drafting of the legal documents continue. Positive steps have been made, and we believe all parties are aligned to complete and execute this agreement.

The execution of a settlement agreement with the Bank Creditors would represent the satisfaction of Cadence’s remaining major precondition to make its initial 20% investment in the Amapa Project. On completion of the conditions and the release of the Cadence escrow monies, Cadence will become a 20% shareholder in the Amapá Project via our joint venture company, which will own 99.9% of DEV.

Further announcements will be made concerning the Settlement once available.

Cadence Chairman Andrew Suckling commented; “I would once again like to put on record my sincere thanks and gratitude for the tireless efforts by Cadence management, IndoSino and DEV and advisors to bring the project to fruition. This inaugural iron ore shipment brings Amapá back to life, and in time we expect the mine and infrastructure to play a key role in helping to regenerate the regional economy, with all the employment, health and educational  benefits that will bring to this part of Brazil.”

“Despite the severe disruption created by COVID-19, management has remained focused on delivering the Amapa project as planned, all the while supported by a robust iron ore market that continues to justify the opportunity. Throughout, our primary concern has been to ensure the safety and wellbeing of all our staff, and we continue to maximise our efforts to ensure that employees, shareholders, contractors and their families continue to remain safe and secure through these challenging times.”

Cadence CEO Kiran Morzaria commented: “The first iron ore shipment from Amapa since 2015 and the resultant earnings represent a milestone of huge significance, both for our board and team who have worked tirelessly on bringing the project back to life and for the potential opportunities and benefits it will bring to the wider Amapa community.”

“As regards the secured bank creditors, we believe all parties are aligned to complete and execute the agreement which will see Cadence become a 20% shareholder in Amapa. I look forward to updating you on further developments as we move to complete the final stage of phase 1 of our Amapa investment plan.”

– 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

 

Qualified Person

Kiran Morzaria B.Eng. (ACSM), MBA, has reviewed and approved the information contained in this announcement. Kiran holds a Bachelor of Engineering (Industrial Geology) from the Camborne School of Mines and an MBA (Finance) from CASS Business School. 

Forward-Looking Statements:

Certain statements in this announcement are or may be deemed to be forward-looking statements. Forward-looking statements are identified by their use of terms and phrases such as ”believe” ”could” “should” ”envisage” ”estimate” ”intend” ”may” ”plan” ”will” or the negative of those variations or comparable expressions including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors’ current expectations and assumptions regarding the Company’s future growth results of operations performance future capital and other expenditures (including the amount. nature and sources of funding thereof) competitive advantages business prospects and opportunities. Such forward-looking statements reflect the Directors’ current beliefs and assumptions and are based on information currently available to the Directors.  Many factors could cause actual results to differ materially from the results discussed in the forward-looking statements including risks associated with vulnerability to general economic and business conditions competition environmental and other regulatory changes actions by governmental authorities the availability of capital markets reliance on key personnel uninsured and underinsured losses and other factors many of which are beyond the control of the Company. Although any forward-looking statements contained in this announcement are based upon what the Directors believe to be reasonable assumptions. The Company cannot assure investors that actual results will be consistent with such forward-looking statements.

Cadence Minerals #KDNC – Vox Markets Elevator Pitch

Cadence Minerals #KDNC CEO, Kiran Morzaria discusses the Company’s investments including:

  • Amapa Iron Ore Project
  • Macarthur Minerals Lake Giles Iron Project
  • European Metals Holdings #EMH and Cinovec Lithium project
  • Joint Ventures:
    • Yangibana Rare Earths project
    • Sonora Lithium project
    • Hard Rock Lithium assets

 

Cadence Minerals #KDNC – Update on the Amapa Iron Ore Stockpile Shipment

 

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to provide an update on its investment in the Amapa Iron Ore Project (“Amapa Project”), Brazil.

Further to Cadence’s announcement on the 10 February 2021, we can confirm that the court ruling has been published and therefore it is now effective.

DEV Mineração S.A’s (“DEV”) can now commence operations to ship sufficient iron ore to realise a US$10 million profit from the Amapa stockpiles situated at its port (after the deductions of all logistical, regulatory, shipping and sale costs). We look forward to updating shareholders when operations recommence at the port.

Discussions continue between DEV, Cadence and Indo Sino Pty Ltd (“the Investors”) and the secured bank creditors (“Bank Creditors”) in relation to a final settlement agreement. The execution of a final settlement agreement with the Bank Creditors would represent the satisfaction of Cadence’s remaining major precondition to make its initial 20% investment in the Amapa Project. On completion of the conditions and the release of the Cadence escrow monies, Cadence will become a 20% shareholder in the Amapá Project via our joint venture company, which will own 99.9% of DEV.

– 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

 

 

Qualified Person

Kiran Morzaria B.Eng. (ACSM), MBA, has reviewed and approved the information contained in this announcement. Kiran holds a Bachelor of Engineering (Industrial Geology) from the Camborne School of Mines and an MBA (Finance) from CASS Business School.

 

Forward-Looking Statements:

Certain statements in this announcement are or may be deemed to be forward-looking statements. Forward-looking statements are identified by their use of terms and phrases such as ”believe” ”could” “should” ”envisage” ”estimate” ”intend” ”may” ”plan” ”will” or the negative of those variations or comparable expressions including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors’ current expectations and assumptions regarding the Company’s future growth results of operations performance future capital and other expenditures (including the amount. nature and sources of funding thereof) competitive advantages business prospects and opportunities. Such forward-looking statements reflect the Directors’ current beliefs and assumptions and are based on information currently available to the Directors.  Many factors could cause actual results to differ materially from the results discussed in the forward-looking statements including risks associated with vulnerability to general economic and business conditions competition environmental and other regulatory changes actions by governmental authorities the availability of capital markets reliance on key personnel uninsured and underinsured losses and other factors many of which are beyond the control of the Company. Although any forward-looking statements contained in this announcement are based upon what the Directors believe to be reasonable assumptions. The Company cannot assure investors that actual results will be consistent with such forward-looking statements.

Cadence Minerals #KDNC – Update on Amapa Iron Ore Project Creditor Agreement & Court Petition to Commence Iron Ore Shipments

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to provide an update on its investment in the Amapa Iron Ore Project (“Amapa Project”), Brazil. 

Settlement of Bank Creditors

In early September 2020, we announced that DEV Mineração S.A’s (“DEV”), Cadence and Indo Sino Pty Ltd (“the Investors”) agreed in principle to the settlement terms proposed by the secured bank creditors (“Bank Creditors”). Detailed discussions and drafting of the legal documents continue, and we look forward to updating the market once binding documents are executed.

The execution of a settlement agreement with the Bank Creditors would represent the satisfaction of Cadence’s remaining major precondition to make its initial 20% investment in the Amapa Project. On completion of the conditions and the release of the Cadence escrow monies, Cadence will become a 20% shareholder in the Amapá Project via our joint venture company, which will own 99.9% of DEV.

Update on Court Petition to Commence Iron Ore Shipments

In April 2020 Commercial Court of São Paulo (“the Court”) ruled that DEV., owner of the Amapa Project could commence the shipment of the iron ore stockpiles situated at DEV’s wholly owned port in Santana, Amapa, Brazil.

After this and as announced in August and September 2020, the Bank Creditors filed and had an interim order approved by the State of São Paulo Upper Court (“Upper Court”).  Yesterday the Upper Court rejected the Bank Creditors appeal (“the Ruling”), and once the Ruling is effective (up to one week from the date of publication), the interim order is annulled, and DEV’s original petition is valid. This will allow the recommencement of port operations and the shipment of iron ore stockpiles.

Details of Approved DEV Court Petition

DEV is permitted to export sufficient iron ore to realise a US$10 million profit from the Amapa stockpiles at the port (after the deductions of all logistical, regulatory, shipping and sale costs).

The first portion of the net revenues shall be used to pay historic small and employee creditors (~US$2.5 million) after which approximately US$ 6 million of the net revenues will be used to begin recommissioning studies on the Amapa Project and to start maintenance and monitoring of the current tailing dam facilities. The remaining net revenues with be used to provide working capital for the operations and for a payment against the outstanding amount due to the Bank Creditors.

A certified translation of the Upper Court ruling is available here.

Further announcements will be made concerning both the Settlement Agreement and the outcomes from the Ruling once available.

– 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

 

Qualified Person

Kiran Morzaria B.Eng. (ACSM), MBA, has reviewed and approved the information contained in this announcement. Kiran holds a Bachelor of Engineering (Industrial Geology) from the Camborne School of Mines and an MBA (Finance) from CASS Business School.

Forward-Looking Statements:

Certain statements in this announcement are or may be deemed to be forward-looking statements. Forward-looking statements are identified by their use of terms and phrases such as ”believe” ”could” “should” ”envisage” ”estimate” ”intend” ”may” ”plan” ”will” or the negative of those variations or comparable expressions including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors’ current expectations and assumptions regarding the Company’s future growth results of operations performance future capital and other expenditures (including the amount. nature and sources of funding thereof) competitive advantages business prospects and opportunities. Such forward-looking statements reflect the Directors’ current beliefs and assumptions and are based on information currently available to the Directors.  Many factors could cause actual results to differ materially from the results discussed in the forward-looking statements including risks associated with vulnerability to general economic and business conditions competition environmental and other regulatory changes actions by governmental authorities the availability of capital markets reliance on key personnel uninsured and underinsured losses and other factors many of which are beyond the control of the Company. Although any forward-looking statements contained in this announcement are based upon what the Directors believe to be reasonable assumptions. The Company cannot assure investors that actual results will be consistent with such forward-looking statements.

Cadence Minerals #KDNC – Further Director Share Purchases

Cadence (AIM:KDNC), the mining investment company, announces that on the 2 December the following directors purchased ordinary shares in the Company.

Director

Position

Number of ordinary shares acquired

Price paid per share (£)

Andrew Suckling

Non-Executive Director

13,559

0.1475

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

221,502

Adrian Fairbourn

Non-Executive Director

571,005

– 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

Andrew Suckling

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)

0.1475

13,559

d)

Aggregated information

–  Aggregated volume

–  Price

 

13,559

0.1475

e)

Date of the transaction

02/12/2020

f)

Place of the transaction

XLON, AIM

Cadence Minerals #KDNC – Further Director Share Purchases

Cadence (AIM:KDNC), the mining investment company, announces that on the 18 November the following directors purchased ordinary shares in the Company. 

Director

Position

Number of ordinary shares acquired

Price paid per share (£)

Andrew Suckling

Non-Executive Director

15,044

0.158

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

208,043

Adrian Fairbourn

Non-Executive Director

571,005

 

– 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

Andrew Suckling

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)

0.158

15,044

d)

Aggregated information

–  Aggregated volume

–  Price

 

15,044

0.158

e)

Date of the transaction

18/11/2020

f)

Place of the transaction

XLON, AIM

 

Cadence Minerals #KDNC – Further Director Share Purchases

Cadence (AIM:KDNC), the mining investment company, announces that on the 11 November the following directors purchased ordinary shares in the Company. 

Director

Position

Number of ordinary shares acquired

Price paid per share (£)

Andrew Suckling

Non-Executive Director

49,999

0.16

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

192,999

Adrian Fairbourn

Non-Executive Director

571,005

– 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

Andrew Suckling

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)

0.16

49,999

d)

Aggregated information

–  Aggregated volume

–  Price

 

49,999

0.16

e)

Date of the transaction

11/11/2020

f)

Place of the transaction

XLON, AIM

Cadence Minerals #KDNC – Further Director Share Purchases

Cadence (AIM:KDNC), the mining investment company, announces that on the 9 November the following directors purchased ordinary shares in the Company. 

Director

Position

Number of ordinary shares acquired

Price paid per share (£)

Andrew Suckling

Non-Executive Director

78,904

0.15

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

143,000

Adrian Fairbourn

Non-Executive Director

571,005

– 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

Andrew Suckling

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)

0.15

78,904

d)

Aggregated information

–  Aggregated volume

–  Price

 

78,904

0.15

e)

Date of the transaction

09/11/2020

f)

Place of the transaction

XLON, AIM

 

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