Cadence Minerals PLC Director Share Purchases (8920G)

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RNS Number : 8920G

Cadence Minerals PLC

06 March 2018

6 March 2018

Cadence Minerals Plc

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

Director Share Purchases

Further to the announcement by the Company yesterday, Andrew Suckling has recently purchased ordinary shares in the Company in the following amounts.

 
 Date          Director           Position     Number of           Price 
  Purchased                                     ordinary            paid per 
                                                shares acquired     share (pence) 
------------  -----------------  -----------  -----------------  ---------------- 
                                  Executive 
 05/03/2018    Andrew Suckling     Chairman    500,000            0.27 
------------  -----------------  -----------  -----------------  ---------------- 
 

After these acquisitions the total notifiable share interest in the Company for the directors is as follows

 
 Director            Position            Total Notifiable Interests (shares) 
------------------  ------------------  ------------------------------------ 
                     Executive 
 Andrew Suckling      Chairman           840,000 
------------------  ------------------  ------------------------------------ 
                     Director & 
 Kiran Morzaria       CEO                9,271,564 
------------------  ------------------  ------------------------------------ 
 Donald Strang       Finance Director    6,932,011 
------------------  ------------------  ------------------------------------ 
                     Non-Executive 
 Adrian Fairbourn     Director           7,407,605 
------------------  ------------------  ------------------------------------ 
  Total                                  24,451,180 
--------------------------------------  ------------------------------------ 
 

For further information:

 
Cadence Minerals plc                   [phone] 
 Andrew Suckling 
 Kiran Morzaria 
 
 WH Ireland Limited (NOMAD & Broker)    [phone] 
 James Joyce 
 James Sinclair-Ford 
 
 Hannam & Partners LLP (Joint Broker)   [phone] 
 Neil Passmore 
 Giles Fitzpatrick 
 
 Square1 Consulting                     [phone] 
 David Bick 
 

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                                                Director & 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, type of instrument    Ordinary Share 
 
        Identification code 
 
                                                                       GB00B067JC96 
----  -------------------------------------------------------------  ------------------------------------------- 
 b)    Nature of the transaction                                      Defined Directors Share Purchase Programme 
----  -------------------------------------------------------------  ------------------------------------------- 
 c)    Price(s) and volume(s)                                          Price(s)   Volume(s) 
                                                                       ---------  ---------- 
                                                                        0.0027     500,000 
                                                                       ---------  ---------- 
----  -------------------------------------------------------------  ------------------------------------------- 
 d)     Aggregated information 
     *    Aggregated volume                                            500,000 
                                                                        0.0027 
 
     *    Price 
 ------------------------------------------------------------------  ------------------------------------------- 
 e)    Date of the transaction                                        05/03/2018 
----  -------------------------------------------------------------  ------------------------------------------- 
 

About Cadence Minerals:

Cadence is dedicated to smart investments for a greener world. The planet needs rechargeable batteries on a global scale - upcoming supersized passenger vehicles, lorries and buses - require lithium and other technology minerals to power their cells. Cadence is helping find these minerals in new places and extracting them in new ways, which will meet the demand of this burgeoning market. With circa GBP20 million vested in key assets globally, Cadence is helping us reach tomorrow, today.

Cadence invests across the globe, principally in lithium mining projects. Its primary strategy is taking significant economic stakes in upstream exploration and development assets within strategic metals. We identify assets that have strategic cost advantages that are not replicable, with the aim of achieving lower quartile production costs. The combination of this approach and seeking value opportunities allows us to identify projects capable of achieving high rates of return.

The Cadence board has a blend of mining, commodity investing, fund management and deal structuring knowledge and experience, that is supported by access to key marketing, political and industry contacts. These resources are leveraged not only in our investment decisions but also in continuing support of our investments, whether it be increasing market awareness of an asset, or advising on product mix or path to production. Cadence Mineral's goal is to assist management to rapidly develop the project up the value curve and deliver excellent returns on its investments.

This information is provided by RNS

The company news service from the London Stock Exchange

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March 06, 2018 11:58 ET (16:58 GMT)