Director/PDMR Shareholding

RNS Number : 7619U

Power Metal Resources PLC

31 July 2020

 

31 July 2020

Power Metal Resources plc ("Power Metal" or the "Company")

Director dealings

Power Metal Resources plc (LON:POW) the AIM listed metals exploration and development company was notified that yesterday Andrew Bell Chairman of the Company undertook the following transactions:

-     Purchased on market 4,200,000 Ordinary Shares of 0.1 pence each ("Ordinary Shares") at a price of 0.906 pence per Ordinary Share.

- Sold on market 3,900,000 Ordinary Shares of 0.1 pence each at a price of 0.879 pence per Ordinary Share.

The transactions represent a transfer of 3,900,000 from Mr Bell's personal share account into his Self Invested Personal Pension ("SIPP") and Individual Savings Account ("ISA") and the acquisition of a further 300,000 shares.

Following this purchase Mr Bell has a beneficial interest in a total of 22,280,526 Ordinary Shares, representing approximately 2.89% 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.  Andrew Bell
2	Reason for the notification
a)	Position/status	1.  Chairman
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	1.  Purchase of shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			0.906 pence	4,200,000
d)	Aggregated information
	- Aggregated volume	4,200,000
	- Price	0.906p
e)	Date of the transaction	30 July 2020
f)	Place of the transaction	XLON

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	1.  Andrew Bell
2	Reason for the notification
a)	Position/status	1.  Chairman
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	1.  Sale of shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			0.879 pence	3,900,000
d)	Aggregated information
	- Aggregated volume	3,900,000
	- Price	0.879p
e)	Date of the transaction	30 July 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)	[phone]
SP Angel Corporate Finance (Nomad and Joint Broker)
Ewan Leggat	[phone]
SI Capital Limited (Joint Broker)
Nick Emerson	[phone]
First Equity Limited (Joint Broker)
David Cockbill/Jason Robertson	[phone]

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 gold 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.

 

END

 

 

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