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Power Metal (POW)

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Thursday 31 October, 2019

Power Metal

Directors Dealings

RNS Number : 8508R
Power Metal Resources PLC
31 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 [email protected] or visit www.rns.com.
 
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