REG - Power Metal - Director Dealing

Power Metal ResourcesAnnouncement

15/04/2021 14:20

RNS Number : 6330V
  
Power Metal Resources PLC
  
15 April 2021
  
 

 
15 April 2021
Power Metal Resources plc ("Power Metal" or the "Company") 
Director Dealing
Power Metal Resources plc (LON:POW) the AIM listed metals exploration and development company was notified that today Paul Johnson, Chief Executive Officer of the Company, purchased on market  500,000 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") at a price of 2.299p per Ordinary Share through his Self-Invested Personal Pension ("SIPP")(£11,495 invested).  
 
Following the above purchase Mr Johnson has a beneficial interest in a total of 62,000,000 Ordinary Shares, representing approximately 5.42% of the issued share capital of the Company.
 
 
PDMR Disclosure
 
The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail on the director's share dealing.
 
 



1 
 


Details of the person discharging managerial responsibilities / person closely associated 
 




a) 
 


Name 
 
 


 
1.    Paul Johnson
 
  




2 
 


Reason for the notification 
 




a) 
 


Position/status 
 
 


 
1.    Chief Executive Officer
 




b) 
 


Initial notification /Amendment 
 
 


 
Initial Notification 




3 
 


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 
 




a) 
 


Name 
 
 


 
Power Metal Resources Plc
 
 




b) 
 


LEI 
 
 


                
213800VNXOUPHTX53686




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, type of instrument 


ordinary shares of 0.1p each














Identification code 


ISIN: GB00BYWJZ743














b) 
 


Nature of the transaction 
 
 


 
1.    Purchase of shares
 




c) 
 


Price(s) and volume(s) 




























Price(s)


Volume(s)
















2.299 pence 
 


500,000
 




















































d) 
 


Aggregated information 


















- Aggregated volume


500,000
  














- Price


2.299 pence














e) 
 


Date of the transaction 
 
 


15 April 2021




f) 
 


Place of the transaction 
 
 


XLON



 
 
 
**Ends**
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
 
For further information please visit https://www.powermetalresources.com/ or contact:



Power Metal Resources plc








Paul Johnson (Chief Executive Officer)


+44 (0) 7766 465 617














SP Angel Corporate Finance (Nomad and Joint Broker)








Ewan Leggat/Charlie Bouverat


+44 (0) 20 3470 0470














SI Capital Limited (Joint Broker)








Nick Emerson                                                                                                           


+44 (0) 1483 413 500














First Equity Limited (Joint Broker)








David Cockbill/Jason Robertson


+44 (0) 20 7330 1883



 

 
Notes to Editors:
Power Metal Resources plc (LON:POW) is an AIM listed metals exploration and development company seeking a large scale metal discovery.
The Company has a global portfolio of project interests including precious metals exploration in North America and Australia together with base and strategic metal exploration in Africa. Project interests range from early stage greenfield exploration to later stage prospects currently subject to drill programmes.
The Board and its team of advisors have expertise in project generation, exploration and development and have identified an opportunity to utilise the Company's position to become a leader in the London market for investors wishing to gain exposure to proactive global metals exploration.
 

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