Last checked at 15 Apr 2021 07:00
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 14th 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 14th 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 /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
| Sale of ordinary shares
| ||||
c)
| Price(s) and volume(s) | |||||
Price(s) | Volume(s) | |||||
£0.022
| 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 /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) | |||||
£0.02203
| 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 |