REG - Power Metal Res. - Director Dealings

Power Metal ResourcesAnnouncement

02/07/2024 07:15

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RNS Number : 6966U  Power Metal Resources PLC  02 July 2024

 

2 July 2024

Power Metal Resources plc ("Power Metal" or the "Company")

Director Dealings

Power Metal Resources plc (AIM:POW, OTCQB:POWMF) the London listed exploration
company with a global project portfolio was notified on 1 July 2024 that Mr
Edmund Shaw made sales and repurchases of ordinary shares of 2 pence each in
the capital of the Company ("Ordinary Shares") to migrate part of his current
shareholding into his Individual Savings Account ("ISA").

 

Following the above sale and purchases Mr Shaw's beneficial interest in the
Company remains unchanged at a total of 750,000 Ordinary Shares, representing
approximately 0.675% 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,  which forms part of domestic UK law pursuant to the
European Union (Withdrawal) Act 2018, provide further detail on the director's
share dealing.

 

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name

                                                                   1.    Edmund Shaw

 2    Reason for the notification

 a)   Position/status

                                                                   1.    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 2p each

      Identification code                                          ISIN: GB00BMFSSJ73

 b)   Nature of the transaction

                                                                   1.    Purchase of shares

 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                                     17.05 pence       75,000

                                                                                     17.06 pence       50,000

 d)   Aggregated information

      - Aggregated volume                                          125,000

      - Price                                                      17.0536 pence

 e)   Date of the transaction                                      1 July 2024

 f)   Place of the transaction                                     XLON

 

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name

                                                                   1.    Edmund Shaw

 2    Reason for the notification

 a)   Position/status

                                                                   1.    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 2p each

      Identification code                                          ISIN: GB00BMFSSJ73

 b)   Nature of the transaction

                                                                   1.    Sale of shares

 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                                     17 pence          75,000

                                                                                     17 pence          50,000

 d)   Aggregated information

      - Aggregated volume                                          125,000

      - Price                                                      17 pence

 e)   Date of the transaction                                      1 July 2024

 f)   Place of the transaction                                     XLON

 

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 LLP (Nomad and Joint Broker)
 Ewan Leggat/Caroline Rowe                                                       +44 (0) 20 3470 0470

 Tamesis Partners LLP (Joint Broker)
 Richard Greenfield/Charlie Bendon                                               +44 (0) 20 3882 2868

 BlytheRay (PR Advisors)

 Tim Blythe/Megan Ray                                                            +44 (0) 20 7138 3204

 

NOTES TO EDITORS

Power Metal Resources plc - Background

Power Metal Resources plc (AIM:POW, OTCQB:POWMF) is a London-listed metals
exploration company which finances and manages global resource projects and is
seeking large scale metal discoveries.

 

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, Saudi Arabia 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 drive the
Company's growth or may be returned to shareholders through share buy backs,
dividends or in-specie distributions of assets.

 

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