LONDON – Cadence Minerals Plc (AIM: KDNC ) has announced the granting of stock options to its top executives, a move that increases the total number of options over ordinary shares in the company. The total options granted are 14,720,000, representing 4.97% of the existing issued share capital, with an exercise price set at 2 pence per share. This exercise price is approximately a 10% premium to the average closing price of the ordinary shares on 16 January 2025, which was 1.85 pence.
The options were distributed equally among the four members of the company’s management, each receiving 3,680,000 options. The winners are Andrew Suckling, non-executive chairman; Kiran Morzaria, Chief Executive Officer; Donald Strang, Director of Finance; and Adrian Fairbourn, non-executive director. These options are effective immediately and will expire on December 31, 2030.
The grant of these options is part of Cadence Minerals’ management remuneration and is carried out in accordance with the Market Abuse Regulation (EU) no. 596/2014 as part of UK law. Company directors have taken responsibility for the content of the announcement, ensuring compliance with all procedures related to the issuance of options.
The option grant announcement was made on January 17, 2025, and with this disclosure, insider information is now considered to be in the public domain. This development comes alongside Cadence Minerals’ ongoing business activities in the mining sector, with the company involved in various mineral projects around the world.
Investors and the market have been notified of these transactions in accordance with regulatory requirements and the information is based on a press release from Cadence Minerals. Shareholders and analysts will continue to closely monitor a company’s stock price and market performance, as executive compensation packages like these often reflect a company’s performance and future prospects.
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