Power Metal Resources PLC Director/PDMR Shareholding (3543O)
29 May 2020 - 5:47PM
UK Regulatory
TIDMPOW
RNS Number : 3543O
Power Metal Resources PLC
29 May 2020
29 May 2020
Power Metal Resources plc ("POW" or the "Company")
("POW" or the "Company")
Directors dealings
Power Metal Resources plc (LON:POW) the AIM listed metals
exploration and development company was notified that, on 28 May
2020, Value Generation Limited, a company beneficially owned by
Paul Johnson, the CEO of the Company, purchased on market 3,500,000
Ordinary Shares of 0.1 pence each ("Ordinary Shares") at a price of
0.39 pence per Ordinary Share as follows:
Number of Ordinary Price per Ordinary Cost
Shares Share
1,000,000 0.39p GBP3,900
------------------- ------------------- ----------
1,500,000 0.39p GBP5,850
------------------- ------------------- ----------
1,000,000 0.39p GBP3,900
------------------- ------------------- ----------
Total 3,500,000 GBP13,650
------------------- ------------------- ----------
Following this purchase Mr Johnson has a beneficial interest in
a total of 31,600,000 Ordinary Shares, representing approximately
5.72% 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 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)
------------------ ---------------
0.39 pence 1,000,000
0.39 pence 1,500,000
0.39 pence 1,000,000
--------------------------------------------------------------- ---------------
d) Aggregated information
- Aggregated volume 3,500,000
- Price 0.39p
e) Date of the transaction 28 May 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 +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
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