Issue of Equity & PDMR Shareholdings
02/03/2023 09:00
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION
11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310.
2 March 2023
BWA Group PLC
(“BWA” or the “Company”)
Issue of Equity and Director / PDMR Shareholdings
BWA (AQSE: BWAP), which has mineral exploration licences in
both Cameroon and Canada at various stages of development and is quoted on
London’s AQSE Growth Market, announces that it has allotted a total of
5,761,616 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 and a consultant in respect of the half year ended 31
December 2022 (the “New Shares”).
Application will be made for the New Shares to be admitted to trading on the
AQSE Growth Market and admission is expected to become effective on 7 March
2023 (“Admission”).
Following this issue, the notifiable interests in the enlarged issued share
capital of the Company are as follows:
Shareholder Number of New Shares Total Ordinary Shares Held % of Ordinary Shares Held
Alex Borrelli * 1,250,000 32,566,561 7.05
James Butterfield * 2,100,000 55,518,739 12.03
James Hogg * 1,250,000 4,875,001 1.06
Richard Battersby ** 1,161,616 95,837,930 20.76
* Directors of the Company.
** Mr Battersby ceased to be a Director of the Company on 1 December 2022, but
retains an unremunerated consultancy role. The issue of the new Ordinary
Shares to Mr Battersby is for the period to 1 December 2022.
Total Voting Rights
Following Admission, the Company will have 461,658,507 Ordinary Shares in
issue, each share carrying the right to one vote. The Company does not hold
any Ordinary Shares in Treasury. Following Admission, the figure of
461,658,507 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 Directors of BWA are responsible for the contents of this
announcement.
Ends -
For further information:
BWA Group PLC James Butterfield Chairman +44 7770 225253 enquiries@bwagroupplc.com
Allenby Capital Limited Corporate Adviser Nick Harriss/Lauren Wright +44 20 3328 5656
Market Abuse Regulation (MAR) Disclosure
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 Alex Borrelli James Butterfield James Hogg
Reason for notification Director of BWA Group Plc Director of BWA Group Plc Director of BWA Group Plc
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
LEI 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
Identification code 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
Price(s) and volume(s) 1,250,000 Ordinary Shares at 0.5p per share 2,100,000 Ordinary Shares at 0.5p per share 1,250,000 Ordinary Shares at 0.5p per share
Aggregated information Aggregated volume Price N/A N/A N/A
Date of the transaction 1 Dec 2022 1 Dec 2022 1 Dec 2022
Place of the transaction N/A N/A N/A
The Directors of BWA are responsible for the contents of this
announcement.
Ends -
For further information:
BWA Group PLC James Butterfield Interim Chairman +44 7770 225253 enquiries@bwagroupplc.com
Allenby Capital Limited Corporate Adviser Nick Harriss/Lauren Wright +44 20 3328 5656
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