Director/PDMR Shareholding

RNS Number : 0673D

Power Metal Resources PLC

24 June 2021

 

24 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 that today Andrew Bell, Chairman of the Company, purchased on market 313,043 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") at a price of 2.3p per Ordinary Share through his Self-Invested Personal Pension ("SIPP") and sold an equivalent number of Ordinary Shares from his personal holding at 2.235p per Ordinary Share.

Following the dealing, Mr Bell has an unchanged beneficial interest in a total of 22,282,403 Ordinary Shares, representing approximately 1.94% of the issued ordinary share capital of the Company.

PDMR Disclosure

The notifications below, made in accordance with the requirements of the UK 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)
			2.3 pence	313,043
d)	Aggregated information
	- Aggregated volume	313,043
	- Price	2.3 pence
e)	Date of the transaction	24 June 2021
f)	Place of the transaction	XLON
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)
			2.235 pence	313,043
d)	Aggregated information
	- Aggregated volume	313,043
	- Price	2.235 pence
e)	Date of the transaction	24 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 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/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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