Director/PDMR Shareholding

RNS Number : 0270V

African Battery Metals PLC

03 April 2019

 

03 April 2019

African Battery Metals plc

("ABM" or the "Company")

Director dealing

African Battery Metals plc, the AIM listed battery metal exploration and development company, was today notified that Value Generation Limited, a company beneficially owned by Executive Director, Paul Johnson, has purchased 1,250,000 ordinary shares of 0.1 pence each in the Company ("Shares") at an average price of 0.4423 pence per Share.

Following this purchase, Mr Johnson has a beneficial interest in a total of 16,250,000 Shares, representing approximately 4.48% 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. Paul Johnson
2	Reason for the notification
a)	Position/status	1.    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	African Battery Metals 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)
			0.437 pence	500,000
			0.45 pence	500,000
			0.4375	250,000
d)	Aggregated information
	- Aggregated volume	1,250,000
	- Price	0.4423 pence
e)	Date of the transaction	03 April 2019
f)	Place of the transaction	London

**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.

Further enquiries

African Battery Metals plc
Paul Johnson (Executive Director)	[phone]
SP Angel Corporate Finance (Nomad and Broker)
Ewan Leggat	[phone]
SI Capital Limited
Nick Emerson	[phone]

Notes to Editors

About African Battery Metals Plc

ABM is an AIM listed, Africa focused, resource company exploring for the key metals used in next generation batteries that fuel the new electric vehicle revolution. The Board and team of advisors, who have proven expertise in African exploration, mining and project generation, have identified an opportunity to utilise the Company's position to become a leader in the London market for investors to gain exposure to the battery metal commodity suite, particularly cobalt, lithium, copper and nickel. 

 

END

 

 

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