Issue of Options

About this update from Cadence Minerals Plc

17 January 2025       Cadence Minerals Plc   ("Cadence Minerals", "Cadence" or "the Company")   Issue of Options   Cadence Minerals (AIM: KDNC) announces the award of 14,720,000 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 2 pence per share being approximately 10% premium to the closing mid-price of the Ordinary Shares on 16 January 2025 of 1.85 pence. These options will vest immediately and will expire on 31 December 2030.   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 3,680,000 Kiran Morzaria Chief Executive Officer 3,680,000 Donald Strang Finance Director 3,680,000 Adrian Fairbourn Non-Executive Director 3,680,000   The Share Options represent in aggregate 4.97% of the existing issued share capital. There are currently 7,200,000 other options outstanding.   The Directors of the Company accept responsibility for the contents of this announcement.   - Ends -   The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR. Upon the publication of this announcement, this inside information is now considered to be in the public  domain.   For further information:       Cadence Minerals plc +44 (0) 20 3582 6636 Andrew Suckling Kiran Morzaria Zeus Capital Limited (NOMAD & Broker) +44 (0) 20 3829 5000 James Joyce Darshan Patel Fortified Securities - Joint Broker +44 (0) 20 3411 7773 Guy Wheatley Brand Communications +44 (0) 7976 431608 Public & Investor Relations  Alan Green       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       GB00B067JC96 b) Nature of the transaction   Issue of options c) Price(s) and volume(s)   Price Volume 2p 3,680,000 d) Aggregated information   -       Aggregated volume   -       Price       3,680,000   2p e) Date of the transaction   17 January 2025 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       GB00B067JC96 b) Nature of the transaction   Issue of options c) Price(s) and volume(s)   Price Volume 2p 3,680,000 d) Aggregated information   -       Aggregated volume   -       Price       3,680,000   2p e) Date of the transaction   17 January 2025 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       GB00B067JC96 b) Nature of the transaction   Issue of options c) Price(s) and volume(s)   Price Volume 2p 3,680,000 d) Aggregated information   -       Aggregated volume   -       Price       3,680,000   2p e) Date of the transaction   17 January 2025 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       GB00B067JC96 b) Nature of the transaction   Issue of options c) Price(s) and volume(s)   Price Volume 2p 3,680,000 d) Aggregated information   -       Aggregated volume   -       Price       3,680,000   2p e) Date of the transaction   17 January 2025 f) Place of the transaction   Outside of a trading venue    

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