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RNS Number : 5775G Power Metal Resources PLC 20 July 2023
20 July 2023
Power Metal Resources PLC
("Power Metal" or the "Company")
Director & PCA Dealing
Power Metal Resources PLC (AIM:POW), the AIM listed metals exploration and
development company, announces that it has been informed of the following
share dealings:
The transfer from Edmund Shaw, non-executive director, of 2,000,000 ordinary
shares of £0.01 each ("Ordinary Shares") for nil consideration to Lydia Shaw,
a Person Closely Associated ("PCA") with Mr Edmund Shaw.
The sale by Edmund Shaw of 5,000,000 Ordinary Shares at a price of 0.65 pence
per Ordinary Share and subsequent repurchase of 5,000,000 Ordinary Shares at a
price of 0.6506 pence per Ordinary Share in an individual savings account
("ISA") in his name.
The sale by Lydia Shaw of 2,000,000 Ordinary Shares at a price of 0.67 pence
per Ordinary Share and subsequent repurchase of 1,993,901 Ordinary Shares at a
price of 0.6715 pence per Ordinary Share in an ISA in her name.
Following these dealings, the combined beneficial holding of Edmund Shaw and
Lydia Shaw is 13,993,901 Ordinary Shares, representing 0.67% of the Company's
issued share capital.
The notifications below, made in accordance with the requirements of the EU
Market Abuse Regulation (as it forms part of UK law pursuant to the European
Union (Withdrawal) Act 2018), provide further detail on the share dealings.
1. Details of the person discharging managerial responsibilities/person closely
associated
(a) Full name of person Dealing Edmund Shaw
2. Reason for 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 of entity 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 0.1 pence each in the Company
(b) Identification code ISIN: GB00BYWJZ743
(c) Nature of the transaction 1. Transfer of Ordinary Shares
2. Sale of Ordinary Shares
3. Purchase of Ordinary Shares in ISA
(d) Price(s) and volume(s) Prices(s) Volume(s)
Transfer Nil 2,000,000
Sale 0.65p 5,000,000
Purchase 0.6506p 5,000,000
(e) Aggregated information: N/A
- Aggregated volume
- Price
(f) Date of transaction 1. 17 July 2023
2. 19 July 2023
3. 19 July 2023
(g) Place of transaction AIM
(e)
Aggregated information:
- Aggregated volume
- Price
N/A
(f)
Date of transaction
1. 17 July 2023
2. 19 July 2023
3. 19 July 2023
(g)
Place of transaction
AIM
1. Details of the person discharging managerial responsibilities/person closely
associated
(a) Full name of person Dealing Lydia Shaw
2. Reason for notification
(a) Position/status PCA of Edmund Shaw, 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 of entity 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 0.1 pence each in the Company
(b) Identification code ISIN: GB00BYWJZ743
(c) Nature of the transaction 1. Sale of Ordinary Shares
2. Purchase of Ordinary Shares in ISA
(d) Price(s) and volume(s) Prices(s) Volume(s)
Sale 0.67p 2,000,000
Purchase 0.6715p 1,993,901
(e) Aggregated information: N/A
- Aggregated volume
- Price
(f) Date of transaction 17 July 2023
(g) Place of transaction AIM
(e)
Aggregated information:
- Aggregated volume
- Price
N/A
(f)
Date of transaction
17 July 2023
(g)
Place of transaction
AIM
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
BlytheRay (PR Advisors)
Tim Blythe/Megan Ray +44 (0) 20 7138 3204
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)
Tim Blythe/Megan Ray
+44 (0) 20 7138 3204
NOTES TO EDITORS
Power Metal Resources plc - Background
Power Metal Resources plc (AIM: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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