Power Metal Resources PLC Director Dealings (8840D)
24 February 2020 - 7:48PM
UK Regulatory
TIDMPOW
RNS Number : 8840D
Power Metal Resources PLC
24 February 2020
24 February 2020
Power Metal Resources PLC
("Power Metal" or "POW" or "Company")
Director Dealings
Power Metal Resources plc, the AIM listed metal exploration and
development company, was today notified that on 21 February 2020
Value Generation Limited, a company beneficially owned by Chief
Executive Officer, Paul Johnson, purchased 1,000,000 ordinary
shares of 0.1 pence each in the Company ("Shares") at a price of
0.437 pence per Share.
Following this purchase, Mr Johnson has a beneficial interest in
a total of 28,100,000 Shares, representing approximately 5.08% of
the issued share capital of the Company.
The Company was also today notified that on 21 February 2020,
Chairman Andrew Bell sold 1,000,000 Shares at a price of 0.375p per
Share in a personal nominee account and repurchased 1,000,000
Shares in his personal SIPP account at a price of 0.414p per
Share.
Following this sale and repurchase Mr Bell's interest in the
Company remains unchanged at 17,770,000 shares representing
approximately 3.22% of the issued share capital of the Company.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY
ASSOCIATED WITH THEM
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 Initial Notification
/Amendment
------------------------------------- ---------------------------------------------
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 Ordinary shares of 0.1p each
instrument, type of
instrument
Identification code ISIN: GB00BYWJZ743
b) Nature of the transaction 1. Purchase of Shares
------------------------------------- ---------------------------------------------
c) Price(s) and volume(s)
---------------------- ------------------
Price(s) Volume(s)
---------------------- ------------------
0.437 pence 1,000,000
----------------------------------------------------------------- ------------------
d) Aggregated information
- Aggregated volume 1,000,000
- Price 0.437p
e) Date of the transaction 21 February 2020
------------------------------------- ---------------------------------------------
f) Place of the transaction XLON
------------------------------------- ---------------------------------------------
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. Chairman
---------------------------------- ------------------------------------------
b) Initial notification Initial Notification
/Amendment
---------------------------------- ------------------------------------------
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 Ordinary shares of 0.1p each
instrument, type of
instrument
Identification code ISIN: GB00BYWJZ743
b) Nature of the transaction 1. Sale of Shares
---------------------------------- ------------------------------------------
c) Price(s) and volume(s)
------------------------ -------------
Price(s) Volume(s)
------------------------ -------------
Sale 0.375 pence 1,000,000
---------------------------------------------------------------- -------------
d) Aggregated information
- Aggregated volume 1,000,000
- Price 0.375p
e) Date of the transaction 21 February 2020
---------------------------------- ------------------------------------------
f) Place of the transaction XLON
---------------------------------- ------------------------------------------
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. Chairman
------------------------------------- ------------------------------------------
b) Initial notification Initial Notification
/Amendment
------------------------------------- ------------------------------------------
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 Ordinary shares of 0.1p each
instrument, type of
instrument
Identification code ISIN: GB00BYWJZ743
b) Nature of the transaction 1. Purchase of Shares
------------------------------------- ------------------------------------------
c) Price(s) and volume(s)
--------------------- ----------------
Price(s) Volume(s)
--------------------- ----------------
0.414 pence 1,000,000
---------------------------------------------------------------- ----------------
d) Aggregated information
- Aggregated volume 1,000,000
- Price 0.414p
e) Date of the transaction 21 February 2020
------------------------------------- ------------------------------------------
f) Place of the transaction XLON
------------------------------------- ------------------------------------------
The information contained within this announcement is considered
to be inside information prior to its release, as defined in
Article 7 of the Market Abuse Regulation No.596/2014 and is
disclosed in accordance with the Company's obligations under
Article 17 of those Regulations.
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 +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 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 cobalt, lithium, copper and
nickel.
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 rns@lseg.com or visit www.rns.com.
END
DSHPPUPCPUPUURC
(END) Dow Jones Newswires
February 24, 2020 03:48 ET (08:48 GMT)
African Battery Metals (LSE:ABM)
Historical Stock Chart
From Apr 2024 to May 2024
African Battery Metals (LSE:ABM)
Historical Stock Chart
From May 2023 to May 2024
