Director/PDMR Shareholding

RNS Number : 8910C

Power Metal Resources PLC

23 June 2021

 

23 June 2021

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

Director Dealing

Power Metal Resources plc (LON:POW) the AIM listed metals exploration and development company was notified today that Edmund Shaw, Non-executive Director of the Company, purchased 500,000 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") on market at a price of 2.2p per Ordinary Share through his Self-Invested Personal Pension ("SIPP")(£11,000 invested in this transaction). 

Following the above purchase Mr Shaw has a beneficial interest in a total of 14,000,000 Ordinary Shares, representing approximately 1.22% 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.  Edmund Shaw
2	Reason for the notification
a)	Position/status	1.  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	1.  Purchase of Ordinary Shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			2.2 pence	500,000
d)	Aggregated information
	- Aggregated volume	500,000
	- Price	2.2 pence
e)	Date of the transaction	23 June 2021
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 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
Paul Johnson (Chief Executive Officer)	[phone]
SP Angel Corporate Finance (Nomad and Joint Broker)
Ewan Leggat/Charlie Bouverat	[phone]
SI Capital Limited (Joint Broker)
Nick Emerson	[phone]
First Equity Limited (Joint Broker)
David Cockbill/Jason Robertson	[phone]

Notes to Editors:

Power 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 precious and base 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.

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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