Business
Director Share Purchase and Purchase Programme
Director Share Purchase and Purchase Programme.
About this update from Cadence Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 0259Z Cadence Minerals PLC 12 December 2017 \n\nCadence Minerals Plc\n \n(\"Cadence Minerals\", \"Cadence\" or \"the Company\")\n \nDirector Share Purchase and Defined Director Purchase Programme\nCadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) announces that the Directors of the Company have acquired 6.7 million shares in the company at an average price of 0.28 pence. In addition, all of the Directors have entered into a Defined Director Purchase Programme.\nDirector Share Purchase\nDetails of the Director purchases are contained in the table below:\n\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\n11/12/2017\n\n\nKiran Morzaria\n\n\nDirector & CEO\n\n\n3,508,772 \n\n\n0.29 \n\n\n\n\n11/12/2017\n\n\nDonald Strang\n\n\nFinance Director\n\n\n3,182,011 \n\n\n0.27 \n\n\n\n\nTotal\n\n\n\n\n\n\n\n\n6,690,783 \n\n\n0.28 \n\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 Notifiable Interests (shares) \n\n\n\n\nKiran Morzaria\n\n\nDirector & CEO\n\n\n8,508,772 \n\n\n\n\nDonald Strang\n\n\nFinance Director\n\n\n3,182,011 \n\n\n\n\nAdrian Fairbourn\n\n\nNon-Executive Director\n\n\n6,666,667 \n\n\n\n\n Total\n\n\n\n\n\n18,357,450 \n\n\n\n\nDefined Director Purchase Programme\nAndrew Suckling, Kiran Morzaria, Donald Strang and Adrian Fairbourn have 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.\n Ends -\n\n\n\n\n \nFor further information, please contact.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCadence Minerals plc\n\n\n+44 (0) 207 440 0647\n\n\n\n\nA...