Business
Appointment of Joint Broker & PDMR Dealings
Appointment of Joint Broker & PDMR Dealings.
About this update from Cadence Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 9132D Cadence Minerals PLC 05 February 2018 \n\n \nCadence Minerals Plc\n(\"Cadence Minerals\", \"Cadence\" or \"the Company\")\nAppointment of Joint Broker & Director Share Purchases\n \nCadence 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.\nKiran Morzaria, Chief Executive Officer of Cadence, commented:\n\"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.\"\nDirector Share Purchases under Defined Director Purchase Programme\nAs 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.\nThe 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.\nDetails of the Director purchases are contained in the table below:\n\n\n\n\nDate Purchased\n\n\nDirector\n\n\nPosition\n\n\nNumber of ordinary shares acquired \n\n\n Price paid per share (pence) \n\n\n\n\n02/02/2018\n\n\nAndrew Suckling\n\n\nExecutive Chairman\n\n\n340,000\n\n\n0.29\n\n\n\n\n02/02/2018\n\n\nKiran Morzaria\n\n\nDirector & CEO\n\n\n361,991\n\n\n0.28\n\n\n\n\n02/02/2018\n\n\nDonald Strang\n\n\nFinance Director\n\n\n350,000\n\n\n0.29\n\n\n\n\n02/02/2018\n\n\nAdrian Fairbourn\n\n\nNon-Executive Director\n\n\n340,136\n\n\n0.29\n\n\n\n\nAfter these acquisitions the total notifiable share interest in the Company for the directors is as follows\n\n\n\n\nDirector\n\n\nPosition\n\n\nTotal...