CADENCE MINERALS PLC — Remuneration Information 2021

Apr 30, 2021

National Storage Mechanism | Additional information

RNS Number : 2891X

Cadence Minerals PLC

30 April 2021

Cadence Minerals Plc

("Cadence Minerals", "Cadence" or "the Company")

Issue of Options

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) announces the award of 7,200,000 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 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

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

Kiran Morzaria

2

Reason for the notification

a)

Position / Status

CEO

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

Identification Code

Options over Ordinary Shares

GB00BJP0B151

b)

Nature of the transaction

Issue of options

c)

Price(s) and volume(s)

Price	Volume
29.0p	1,800,000

d)

Aggregated information

-       Aggregated volume

-       Price

1,800,000

29.0p

e)

Date of the transaction

29 April 2021

f)

Place of the transaction

Outside of a trading venue

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Donald Strang

2

Reason for the notification

a)

Position / Status

Finance 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

Identification Code

Options over Ordinary Shares

GB00BJP0B151

b)

Nature of the transaction

Issue of options

c)

Price(s) and volume(s)

Price	Volume
29.0p	1,800,000

d)

Aggregated information

-       Aggregated volume

-       Price

1,800,000

29.0p

e)

Date of the transaction

29 April 2021

f)

Place of the transaction

Outside of a trading venue

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

Identification Code

Options over Ordinary Shares

GB00BJP0B151

b)

Nature of the transaction

Issue of options

c)

Price(s) and volume(s)

Price	Volume
29.0p	1,800,000

d)

Aggregated information

-       Aggregated volume

-       Price

1,800,000

29.0p

e)

Date of the transaction

29 April 2021

f)

Place of the transaction

Outside of a trading venue

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Adrian Fairbourn

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

Identification Code

Options over Ordinary Shares

GB00BJP0B151

b)

Nature of the transaction

Issue of options

c)

Price(s) and volume(s)

Price	Volume
29.0p	1,800,000

d)

Aggregated information

-       Aggregated volume

-       Price

1,800,000

29.0p

e)

Date of the transaction

29 April 2021

f)

Place of the transaction

Outside of a trading venue

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