Prior to publication, the information contained within this announcement was deemed by the Company to constitute inside information for the purposes of Article 7 under the Market Abuse Regulation (EU) No. 596/2014 ("MAR"). With the publication of this announcement, this information is now considered to be in the public domain.
BWA Group PLC
("BWA" or "the Company")
Issue of Equity and Director / PDMR Shareholdings
BWA Group plc [AQSE: BWAP], which has seven mineral exploration licences split between Canada and Cameroon at various stages of development and is quoted on London's AQSE Growth Market (formerly NEX), announces that it has allotted a total of 4,133,333 ordinary shares of 0.5 pence each in the Company ("Ordinary Shares"), at a price of 0.5 pence per share, in part settlement of fees due to current Directors in respect of the quarter ended 30th of June 2020.
Application will be made for the Ordinary Shares to be admitted to trading on the AQSE Growth Market and admission is expected to become effective on 16th July 2020.
Following this issue, the Directors' interests in the enlarged issued share capital of the Company are as follows:
Director
Number of Ordinary Shares allotted
Resulting Ordinary Shares held
Resulting % of Ordinary Shares held
Richard Battersby
1,600,000
47,118,908
15.58
Alex Borrelli
800,000
27,602,616
9.13
James Butterfield
1,600,000
46,575,299
15.40
James Hogg
133,333
133,333
0.04
Total Voting Rights
The Company now has 302,418,398 Ordinary Shares in issue, each share carrying the right to one vote. The Company does not hold any Ordinary Shares in Treasury. The figure of 302,418,398 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
The Company also has £301,000 of 14% Convertible Unsecured Loan Notes 2021 in issue ("CLNS"), convertible into a maximum of 80,803,924 Ordinary Shares if the CLNS have not been redeemed by 31 December 2021.
The Directors of BWA are responsible for the contents of this announcement.
Ends -
For further information:
BWA Group PLC Richard Battersby Chairman
+44 (0)7836 2381721 enquiries@bwagroupplc.com
Allenby Capital Limited Corporate Adviser Nick Harriss/James Hornigold
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
Details of the persons discharging managerial responsibilities / persons closely associated
Name
Richard Battersby
Alex Borrelli
James Butterfield
James Hogg
Reason for notification
Director of BWA Group plc
Director of BWA Group plc
Director of BWA Group plc
Director of BWA Group plc
Initial
Initial
Initial
Initial
Details of the issuer, emission allowance market participant, auction platform, auctioneer, or auction monitor
BWA Group plc
BWA Group plc
BWA Group plc
BWA Group plc
LEI
213800XG3K7PTAAG8630
213800XG3K7PTAAG8630
213800XG3K7PTAAG8630
213800XG3K7PTAAG8630
Description of the financial instrument, type of instrument
Ordinary shares of 0.5p each
Ordinary shares of 0.5p each
Ordinary shares of 0.5p each
Ordinary shares of 0.5p each
Identification code
ISIN: GB0033877555
ISIN: GB0033877555
ISIN: GB0033877555
ISIN: GB0033877555
Nature of the transaction
Allotment of Ordinary Shares in part settlement of remuneration
Allotment of Ordinary Shares in part settlement of remuneration
Allotment of Ordinary Shares in part settlement of remuneration
Allotment of Ordinary Shares in part settlement of remuneration
Price(s) and volume(s)
1,600,000 Ordinary Shares at 0.5p per share
800,000 Ordinary Shares at 0.5p per share
1,600,000 Ordinary Shares at 0.5p per share
133,333 Ordinary Shares at 0.5p per share
Aggregated information Aggregated volume Price
N/A
N/A
N/A
N/A
Date of the transaction
13th of July 2020
13th of July 2020
13th of July 2020
13th of July 2020
Place of the transaction
N/A
N/A
N/A
N/A
Ends -
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