REG - Power Metal - Director Dealing
RNS Number : 7222VPower Metal Resources PLC16 April 2021
16 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 yesterday 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 2.39p per Ordinary Share through his Self-Invested Personal Pension ("SIPP")(£11,957 invested in this transaction, and £23,452 invested in total on 15 April 2021 including the 500,000 purchase announced on 15 April 2021).
Following the above purchase Mr Johnson has a beneficial interest in a total of 62,500,000 Ordinary Shares, representing approximately 5.47% 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)
2.39 pence
500,000
d)
Aggregated information
- Aggregated volume
500,000
- Price
2.39 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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