Power Metal Resources PLC Director/PDMR Shareholding (6789B)
09 October 2020 - 11:30PM
UK Regulatory
TIDMPOW
RNS Number : 6789B
Power Metal Resources PLC
09 October 2020
9 October 2020
Power Metal Resources plc ("Power Metal" or the "Company")
Director Dealing
Power Metal Resources plc (LON:POW) the AIM listed metals
exploration and development company was notified that today Ed
Shaw, Non-executive Director 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 1.2985p per Ordinary Share
(GBP12,985 invested).
Following the above purchase Mr Shaw has a beneficial interest
in a total of 13,500,000 Ordinary Shares, representing
approximately 1.65% 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. Edmund Shaw
------------------------------------ -------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------
a) Position/status
1. 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
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)
----------------------- ---------------
1.2985 pence 1,000,000
----------------------------------------------------------------- ---------------
d) Aggregated information
- Aggregated volume 1,000,000
- Price 1.2985 pence
e) Date of the transaction 09 October 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:
P ower 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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END
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