Power Metal Resources PLC Director/PDMR Shareholding (5173V)
15 April 2021 - 4:00PM
UK Regulatory
TIDMPOW
RNS Number : 5173V
Power Metal Resources PLC
15 April 2021
15 April 2021
Power Metal Resources plc ("Power Metal" or the "Company")
Director/PDMR Shareholding
Power Metal Resources plc (LON:POW) the AIM listed metals
exploration and development company was notified on 14(th) April
2021 that Mrs Stephanie Bell made on that day a sale and repurchase
of ordinary shares of 0.1 pence each in the capital of the Company
("Ordinary Shares") to migrate part of her current shareholding
into her own ISA. Mrs Bell sold 906,218 Ordinary Shares held
through SI Capital Ltd and 906,218 were repurchased by her ISA on
14(th) April 2021.
Mrs Bell is a Person Closely Associated ("PCA") with Andrew
Bell, Chairman of Power Metal and a Person Discharging Managerial
Responsibilities ("PDMR") for the purposes of the Market Abuse
Regulation ("MAR").
Following the dealing, the interests of Mr. Bell and his PCAs in
the Ordinary Shares remains unchanged, at 22,282,403 Ordinary
Shares, representing 1.95 per cent of the issued share capital of
the Company.
The notifications below, made in accordance with the
requirements of the UK Market Abuse Regulation, provide further
detail.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Stephanie Bell
------------------------------- ---------------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------------
a) Position/status PCA of Andrew Bell, Power Metal Resources
Plc Director
------------------------------- ---------------------------------------------------
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 Sale of ordinary shares
------------------------------- ---------------------------------------------------
c) Price(s) and volume(s)
---------------- ---------------
Price(s) Volume(s)
---------------- ---------------
GBP0.022 906,218
------------------------- ---------------
d) Aggregated information
- Aggregated volume n/a
- Price
e) Date of the transaction 14 April 2021
------------------------------ ---------------------------------------------------
f) Place of the transaction XLON
------------------------------ ---------------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Stephanie Bell
------------------------------- ---------------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------------
a) Position/status PCA of Andrew Bell, Power Metal Resources
Plc Director
------------------------------- ---------------------------------------------------
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 Purchase of ordinary shares
------------------------------- ---------------------------------------------------
c) Price(s) and volume(s)
---------------- ---------------
Price(s) Volume(s)
---------------- ---------------
GBP0.02203 906,218
------------------------- ---------------
d) Aggregated information
- Aggregated volume n/a
- Price
e) Date of the transaction 14 April 2021
------------------------------ ---------------------------------------------------
f) Place of the transaction XLON
------------------------------ ---------------------------------------------------
- ENDS -
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
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