Director dealings: Cadence Minerals CEO raises stake

(Sharecast News) - Cadence Minerals revealed on Thursday that chief executive Kiran Morzaria had acquired 733,867 ordinary shares in the AIM-listed investment and development firm. Morzaria, who took over as CEO of in 2015, purchased the shares on Wednesday at an average price of 4.40p each, for a total value of £32,290.15.

Following the transaction, Morzaria holds a beneficial interest in 6.16m ordinary Cadence Minerals shares, representing approximately 1.4% of the company's issued share capital.

As of 1535 BST, Cadence shares were up 7.79% at 5.12p.





Reporting by Iain Gilbert at Sharecast.com

Top Director Buys

Cadence Minerals (KDNC) Director name: Morzaria,Kiran Amount purchased: 733,867 @ 4.40p Value: £32,290.15

Dp Poland (DPP) Director name: Glebocki,Przemyslaw Amount purchased: 317,500 @ 6.80p Value: £21,590.00

Tatton Asset Management (TAM) Director name: Mentel,Lothar Amount purchased: 751 @ 708.00p Value: £5,317.08

Top Director Sells

Tatton Asset Management (TAM) Director name: Mentel,Lothar Amount sold: 751 @ 698.00p Value: £5,241.98