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Power Metal - Director/PDMR Shareholding

RNS Number : 7707Z
Power Metal Resources PLC
22 September 2020
 

 

22 September 2020

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

Director dealings

Power Metal Resources plc (LON:POW) the AIM listed metals exploration and development company was notified that today Value Generation Limited, a company beneficially owned by Paul Johnson, Chief Executive Officer of the Company, purchased on market 1,000,000 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") at a price of 1.2p per Ordinary Share (£12,000 invested).

 

Following the above purchase Mr Johnson has a beneficial interest in a total of 56,000,000 Ordinary Shares, representing approximately 6.91% 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.    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)




1.20 pence

 

1,000,000

 












d)

 

Aggregated information




- Aggregated volume

1,000,000

 



- Price

1.20 pence



e)

 

Date of the transaction

 

 

22 September 2020

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.

 

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

Power Metal Resources plc


Paul Johnson (Chief Executive Officer)

+44 (0) 7766 465 617



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

 


 

Notes to Editors:

Power Metal Resources plc (LON:POW) is an AIM listed metals exploration and development company seeking a large scale metal discovery.

The Company has a global portfolio of project interests including precious metals exploration in North America and Australia together with base metal exploration in Africa. Project interests range from early stage greenfield exploration to later stage drill ready prospects.

The Board and its team of advisors have expertise in project generation, exploration and development and have identified an opportunity to utilise the Company's position to become a leader in the London market for investors wishing to gain exposure to proactive global metals exploration.

 

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Quick facts: Power Metal Resources

Price: 1.9

Market: AIM
Market Cap: £15.66 m
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