REG - Power Metal Res. - Director Dealings

Power Metal ResourcesAnnouncement

21/08/2023 13:15

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RNS Number : 9593J  Power Metal Resources PLC  21 August 2023

21 August 2023

Power Metal Resources PLC

("Power Metal" or the "Company")

Director Dealings

 

Power Metal Resources PLC (AIM:POW), the AIM listed metals exploration and
development company, announces the purchase of Power Metal shares by
directors.

The Company has been informed that today Sean Wade (Chief Executive Officer),
Ed Shaw (Non-executive Director) and Bill Brodie Good (Non-executive
Director), have purchased a total of 5,000,000 ordinary shares of 0.1 pence in
the Company ("Shares") at a total cost of £35,000.

Sean Wade purchased 3,000,000 Shares at a price of 0.7p per share, Ed Shaw
1,000,000 Shares at price of 0.7p per Share and Bill Brodie Good 1,000,000
Shares at a price 0.7p per share.

Following the above purchases the beneficial holdings in Power Metal of the
three directors are as follows:

 Director          Shares Purchased  Resulting Shareholding  % of the Company Held
 Sean Wade         3,000,000         14,764,705              0.710%
 Ed Shaw           1,000,000         15,000,000              0.721%
 Bill Brodie Good  1,000,000         1,000,000               0.048%

 

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

                                                                   Sean Edward Wade

 2    Reason for the notification

 a)   Position/status

                                                                   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

                                                                   Purchase of ordinary shares

 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                                     0.7p              3,000,000

 d)   Aggregated information

      - Aggregated volume                                          3,000,000

      - Price                                                      0.7p

 e)   Date of the transaction                                      21 August 2023

 f)   Place of the transaction                                     XLON

 

 

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name

                                                                   Edmund Shaw

 2    Reason for the notification

 a)   Position/status

                                                                   Non-executive Director

 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

                                                                   Purchase of ordinary shares

 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                                     0.7p              1,000,000

 d)   Aggregated information

      - Aggregated volume                                          1,000,000

      - Price                                                      0.7p

 e)   Date of the transaction                                      21 August 2023

 f)   Place of the transaction                                     XLON

 

 

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name

                                                                   William Brodie Good

 2    Reason for the notification

 a)   Position/status

                                                                   Non-executive Director

 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

                                                                   Purchase of ordinary shares

 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                                     0.7p              1,000,000

 d)   Aggregated information

      - Aggregated volume                                          1,000,000

      - Price                                                      0.7p

 e)   Date of the transaction                                      21 August 2023

 f)   Place of the transaction                                     XLON

 

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under Article 17 of
MAR.

 

For further information please visit https://www.powermetalresources.com/
(https://www.powermetalresources.com/) or contact:

 Power Metal Resources plc
 Sean Wade (Chief Executive Officer)                                             +44 (0) 20 3778 1396

 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

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

 

 BlytheRay (PR Advisors)                            +44 (0) 20 7138 3204
 Tim Blythe
 Megan Ray

 

 

NOTES TO EDITORS

Power Metal Resources plc - Background

Power Metal Resources plc (LON:POW) is an AIM listed metals exploration
company which finances and manages global resource projects.

The Company has a principal focus on opportunities offering district scale
potential across a global portfolio including precious, base and strategic
metal exploration in North America, Africa and Australia.

Project interests range from early-stage greenfield exploration to later-stage
prospects currently subject to drill programmes.

Power Metal will develop projects internally or through strategic joint
ventures until a project becomes ready for disposal through outright sale or
separate listing on a recognised stock exchange, thereby crystallising the
value generated from our internal exploration and development work.

Value generated through disposals will be deployed internally to grow the
Company or may be returned to shareholders through share buy backs, dividends
or in-specie distributions of assets.

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