Appointment of Joint Broker & PDMR Dealings

 

Cadence Minerals Plc

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

Appointment of Joint Broker & Director Share Purchases

 

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to announce the appointment of Beaufort Securities Limited as the Company's joint broker with immediate effect.

Kiran Morzaria, Chief Executive Officer of Cadence, commented:

"I'm pleased to announce the appointment of Beaufort Securities to complement our existing advisory services and assist in relaying the information about the lithium projects in which we are interested to the market and specifically to retail investors. Beaufort and their investor client base have a strong interest in the exploration for lithium and other technology minerals."

Director Share Purchases under Defined Director Purchase Programme

As announced in December 2017 the Directors all entered into a Defined Director Purchase Programme ("DDPP") in which they will each purchase £1,000 of ordinary shares per month for 12 months. These shares will be purchased from the market on the first Friday of each month starting on 2nd February 2018 and ending the 4th January 2019. The market will be notified of the purchases on the next trading day via a PDMR; Directors dealing notification.

The Directors have entered into a DDPP in an open period and under this programme are therefore committed to the purchase of shares in what otherwise may be a close period. Entering into the DDPP does not preclude the directors from buying additional shares in the Company during open periods.

Details of the Director purchases are contained in the table below:

Date Purchased	Director	Position	Number of ordinary shares acquired	Price paid per share (pence)
02/02/2018	Andrew Suckling	Executive Chairman	340,000	0.29
02/02/2018	Kiran Morzaria	Director & CEO	361,991	0.28
02/02/2018	Donald Strang	Finance Director	350,000	0.29
02/02/2018	Adrian Fairbourn	Non-Executive Director	340,136	0.29

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

Director	Position	Total Notifiable Interests (shares)
Andrew Suckling	Executive Chairman	340,000
Kiran Morzaria	Director & CEO	8,870,763
Donald Strang	Finance Director	6,532,011
Adrian Fairbourn	Non-Executive Director	7,006,803
Total		22,749,577

 

For further information:

 

Cadence Minerals plc +44 (0) 207 440 0647 Andrew Suckling   Kiran Morzaria       WH Ireland Limited (NOMAD & Broker) +44 (0) 207 220 1666 James Joyce   James Sinclair-Ford       Hannam & Partners LLP (Joint Broker) +44 (0) 207 907 8500 Neil Passmore   Giles Fitzpatrick       Beaufort Securities Limited (Joint Broker) +44 (0) 207 382 8300 Jon Belliss       Square1 Consulting +44 (0) 207 929 5599 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	Executive Chairman
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	Defined Directors Share Purchase Programme
c)	Price(s) and volume(s)	Price(s) Volume(s) 0.0029 340,000
d)	Aggregated information -     Aggregated volume -     Price	340,000 0.0029
e)	Date of the transaction	02/02/2018
f)	Place of the transaction	XLON, AIM

 

 

 

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Kiran Morzaria
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   Identification code	Ordinary Share       GB00B067JC96
b)	Nature of the transaction	Defined Directors Share Purchase Programme
c)	Price(s) and volume(s)	Price(s) Volume(s) 0.0028 361,991
d)	Aggregated information -     Aggregated volume -     Price	361,991 0.0028
e)	Date of the transaction	02/02/2018
f)	Place of the transaction	XLON, AIM

 

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, type of instrument   Identification code	Ordinary Share       GB00B067JC96
b)	Nature of the transaction	Defined Directors Share Purchase Programme
c)	Price(s) and volume(s)	Price(s) Volume(s) 0.0029 350,000
d)	Aggregated information -     Aggregated volume -     Price	350,000 0.0029
e)	Date of the transaction	02/02/2018
f)	Place of the transaction	XLON, AIM

 

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, type of instrument   Identification code	Ordinary Share       GB00B067JC96
b)	Nature of the transaction	Defined Directors Share Purchase Programme
c)	Price(s) and volume(s)	Price(s) Volume(s) 0.0029 340,136
d)	Aggregated information -     Aggregated volume -     Price	340,136 0.0029
e)	Date of the transaction	02/02/2018
f)	Place of the transaction	XLON, AIM

 

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 over £25 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.