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African Battery (POW)

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Wednesday 12 June, 2019

African Battery

Director Dealing

RNS Number : 9969B
African Battery Metals PLC
12 June 2019
 

 

12 June 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 1,000,000 ordinary shares of 0.1 pence each in the Company ("Shares") at a price of 0.435 pence per Share.

 

Following this purchase, Mr Johnson has a beneficial interest in a total of 17,250,000 Shares, representing approximately 4.75% 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)




0.435 pence

1,000,000







d)

 

Aggregated information




- Aggregated volume

 1,000,000

 



- Price

0.435 pence



e)

 

Date of the transaction

 

 

12 June 2019

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.

 

Further enquiries

African Battery Metals plc


Paul Johnson (Executive Director)

+44 (0) 7766 465617

SP Angel Corporate Finance (Nomad and Broker)


Ewan Leggat

+44 (0) 2034 700470

SI Capital Limited


Nick Emerson

+44 (0) 1483 413500


 



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. 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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