REG - Power Metal - Directors Dealings
RNS Number : 8508RPower Metal Resources PLC31 October 2019
31 October 2019
Power Metal Resources plc ("POW" or the "Company")
("POW" or the "Company")
Directors dealings
Power Metal Resources plc (LON:POW) the AIM listed African focused metals exploration and development company was notified that Andrew Bell, the Chairman of the Company, has purchased 250,000 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") at a price of 0.4988 pence per Share.
Additionally, Value Generation Limited, a company beneficially owned by Paul Johnson, the CEO of the Company, has purchased 250,000 Ordinary Shares at a price of 0.495 pence per Share.
Following this purchase, Mr Bell has a beneficial interest in a total of 11,520,000 Ordinary Shares, representing approximately 3.09% of the issued share capital of the Company and Mr Johnson has a beneficial interest in a total of 18,850,000 Ordinary Shares, representing approximately 5.06% 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. Andrew Bell
2
Reason for the notification
a)
Position/status
1. Executive Chairman
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)
0.4988 pence
250,000
d)
Aggregated information
- Aggregated volume
N/A - single transaction
- Price
e)
Date of the transaction
31 October 2019
f)
Place of the transaction
XLON
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)
0.495 pence
250,000
d)
Aggregated information
- Aggregated volume
N/A - single transaction
- Price
e)
Date of the transaction
31 October 2019
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.
Further enquiries
Power Metal Resources plc
Paul Johnson (Chief Executive Officer)
+44 (0) 7766 465617
SP Angel Corporate Finance (Nomad and Broker)
Ewan Leggat
+44 (0) 2034 700470
SI Capital Limited
Nick Emerson
+44 (0) 1483 413500
Notes to Editors:Power Metal Resources plc (LON:POW) is an AIM listed African focused metals exploration and development company exploring for the key metals used in power generation, transmission, storage and utilisation. The Board and team of advisors, who have proven expertise in exploration, mining and project generation, have identified an opportunity to utilise the Company's position to become a leader in the London market for investors to gain exposure to the power metal commodity suite, particularly nickel, copper and cobalt.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.ENDDSHEADEFDSDNFFF
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