Last checked at 21 Aug 2023 13:13
21 August 2023
Power Metal Resources PLC
("Power Metal" or the "Company")
Director Dealings
Power Metal Resources PLC (AIM:POW), the AIM listed metals exploration and development company, announces the purchase of Power Metal shares by directors.
The Company has been informed that today Sean Wade (Chief Executive Officer), Ed Shaw (Non-executive Director) and Bill Brodie Good (Non-executive Director), have purchased a total of 5,000,000 ordinary shares of 0.1 pence in the Company ("Shares") at a total cost of £35,000.
Sean Wade purchased 3,000,000 Shares at a price of 0.7p per share, Ed Shaw 1,000,000 Shares at price of 0.7p per Share and Bill Brodie Good 1,000,000 Shares at a price 0.7p per share.
Following the above purchases the beneficial holdings in Power Metal of the three directors are as follows:
Director | Shares Purchased | Resulting Shareholding | % of the Company Held |
Sean Wade | 3,000,000 | 14,764,705 | 0.710% |
Ed Shaw | 1,000,000 | 15,000,000 | 0.721% |
Bill Brodie Good | 1,000,000 | 1,000,000 | 0.048% |
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
|
Sean Edward Wade
| |||
2
| Reason for the notification
| ||||
a)
| Position/status
|
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 instrument, type of instrument | ordinary shares of 0.1p each | |||
Identification code | ISIN: GB00BYWJZ743 | ||||
b)
| Nature of the transaction
|
Purchase of ordinary shares
| |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
0.7p
| 3,000,000
| ||||
d)
| Aggregated information | ||||
- Aggregated volume | 3,000,000 | ||||
- Price | 0.7p | ||||
e)
| Date of the transaction
| 21 August 2023 | |||
f)
| Place of the transaction
| XLON | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
|
Edmund Shaw
| |||
2
| Reason for the notification
| ||||
a)
| Position/status
|
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 instrument, type of instrument | ordinary shares of 0.1p each | |||
Identification code | ISIN: GB00BYWJZ743 | ||||
b)
| Nature of the transaction
|
Purchase of ordinary shares
| |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
0.7p
| 1,000,000
| ||||
d)
| Aggregated information | ||||
- Aggregated volume | 1,000,000 | ||||
- Price | 0.7p | ||||
e)
| Date of the transaction
| 21 August 2023 | |||
f)
| Place of the transaction
| XLON | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
|
William Brodie Good
| |||
2
| Reason for the notification
| ||||
a)
| Position/status
|
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 instrument, type of instrument | ordinary shares of 0.1p each | |||
Identification code | ISIN: GB00BYWJZ743 | ||||
b)
| Nature of the transaction
|
Purchase of ordinary shares
| |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
0.7p
| 1,000,000
| ||||
d)
| Aggregated information | ||||
- Aggregated volume | 1,000,000 | ||||
- Price | 0.7p | ||||
e)
| Date of the transaction
| 21 August 2023 | |||
f)
| Place of the transaction
| XLON | |||
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.
For further information please visit https://www.powermetalresources.com/ or contact:
Power Metal Resources plc | ||
Sean Wade (Chief Executive Officer) |
| |
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 |
BlytheRay (PR Advisors) | +44 (0) 20 7138 3204 |
Tim Blythe |
|
Megan Ray |
|
NOTES TO EDITORS
Power Metal Resources plc - Background
Power Metal Resources plc (LON:POW) is an AIM listed metals exploration company which finances and manages global resource projects.
The Company has a principal focus on opportunities offering district scale potential across a global portfolio including precious, base and strategic metal exploration in North America, Africa and Australia.
Project interests range from early-stage greenfield exploration to later-stage prospects currently subject to drill programmes.
Power Metal will develop projects internally or through strategic joint ventures until a project becomes ready for disposal through outright sale or separate listing on a recognised stock exchange, thereby crystallising the value generated from our internal exploration and development work.
Value generated through disposals will be deployed internally to grow the Company or may be returned to shareholders through share buy backs, dividends or in-specie distributions of assets.