BWA Group PLC Issue of Equity & PDMR Shareholdings
02 March 2023 - 8:00PM
UK Regulatory
TIDMBWAP
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11
OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310.
2 March 2023
BWA Group PLC
("BWA" or the "Company")
Issue of Equity and Director / PDMR Shareholdings
BWA (AQSE: BWAP), which has mineral exploration licences in
both Cameroon and Canada at various stages of development and is quoted on
London's AQSE Growth Market, announces that it has allotted a total of
5,761,616 ordinary shares of 0.5 pence each in the Company ("Ordinary Shares"),
at a price of 0.5 pence per share, in part settlement of fees due to current
Directors and a consultant in respect of the half year ended 31 December 2022
(the "New Shares").
Application will be made for the New Shares to be admitted to trading on the
AQSE Growth Market and admission is expected to become effective on 7 March
2023 ("Admission").
Following this issue, the notifiable interests in the enlarged issued share
capital of the Company are as follows:
Shareholder Number of New Total Ordinary Shares % of Ordinary Shares
Shares Held Held
Alex Borrelli * 1,250,000 32,566,561 7.05
James Butterfield 2,100,000 55,518,739 12.03
*
James Hogg * 1,250,000 4,875,001 1.06
Richard Battersby 1,161,616 95,837,930 20.76
**
* Directors of the Company.
** Mr Battersby ceased to be a Director of the Company on 1 December 2022, but
retains an unremunerated consultancy role. The issue of the new Ordinary
Shares to Mr Battersby is for the period to 1 December 2022.
Total Voting Rights
Following Admission, the Company will have 461,658,507 Ordinary Shares in
issue, each share carrying the right to one vote. The Company does not hold any
Ordinary Shares in Treasury. Following Admission, the figure of 461,658,507
Shares may be used by shareholders in the Company as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, or a change to their interest in, the share capital of the Company
under the Financial Conduct Authority's Disclosure and Transparency Rules.
The Directors of BWA are responsible for the contents of this announcement.
Ends -
For further information:
BWA Group PLC +44 7770 225253
James Butterfield enquiries@bwagroupplc.com
Chairman
Allenby Capital Limited +44 20 3328 5656
Corporate Adviser
Nick Harriss/Lauren Wright
Market Abuse Regulation (MAR) Disclosure
Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them.
Details of the persons discharging managerial responsibilities / persons
closely associated
Name Alex Borrelli James Butterfield James Hogg
Reason for Director of BWA Director of BWA Director of BWA
notification Group Plc Group Plc Group Plc
Initial Initial Initial
Details of the BWA Group Plc BWA Group Plc BWA Group Plc
issuer, emission
allowance market
participant,
auction
platform,
auctioneer, or
auction monitor
LEI 213800XG3K7PTAAG8630 213800XG3K7PTAAG8630 213800XG3K7PTAAG8630
Description of Ordinary shares of Ordinary shares of Ordinary shares of
the financial 0.5p each 0.5p each 0.5p each
instrument, type
of instrument
Identification ISIN: GB0033877555 ISIN: GB0033877555 ISIN: GB0033877555
code
Nature of the Allotment of Allotment of Allotment of
transaction Ordinary Shares in Ordinary Shares in Ordinary Shares in
part settlement of part settlement of part settlement of
remuneration remuneration remuneration
Price(s) and 1,250,000 Ordinary 2,100,000 1,250,000 Ordinary
volume(s) Shares at 0.5p per Ordinary Shares at Shares at 0.5p per
share 0.5p per share share
Aggregated N/A N/A N/A
information
Aggregated
volume
Price
Date of the 1 Dec 2022 1 Dec 2022 1 Dec 2022
transaction
Place of the N/A N/A N/A
transaction
The Directors of BWA are responsible for the contents of this announcement.
Ends -
For further information:
BWA Group PLC +44 7770 225253
James Butterfield enquiries@bwagroupplc.com
Interim Chairman
Allenby Capital Limited +44 20 3328 5656
Corporate Adviser
Nick Harriss/Lauren Wright
END
(END) Dow Jones Newswires
March 02, 2023 04:00 ET (09:00 GMT)
BWA (AQSE:BWAP)
Historical Stock Chart
From Jun 2024 to Jul 2024
BWA (AQSE:BWAP)
Historical Stock Chart
From Jul 2023 to Jul 2024