Power Metal Resources PLC Director Dealing (7222V)
April 16 2021 - 2:27AM
UK Regulatory
TIDMPOW
RNS Number : 7222V
Power Metal Resources PLC
16 April 2021
16 April 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 yesterday
Paul Johnson, Chief Executive Officer of the Company, purchased on
market 500,000 ordinary shares of 0.1 pence each in the Company
("Ordinary Shares") at a price of 2.39p per Ordinary Share through
his Self-Invested Personal Pension ("SIPP")(GBP11,957 invested in
this transaction, and GBP23,452 invested in total on 15 April 2021
including the 500,000 purchase announced on 15 April 2021).
Following the above purchase Mr Johnson has a beneficial
interest in a total of 62,500,000 Ordinary Shares, representing
approximately 5.47% 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. Chief Executive Officer
------------------------------------- -------------------------------------------
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 ordinary shares of 0.1p each
instrument, type of
instrument
Identification code ISIN: GB00BYWJZ743
b) Nature of the transaction
1. Purchase of shares
------------------------------------- -------------------------------------------
c) Price(s) and volume(s)
--------------------- -----------------
Price(s) Volume(s)
--------------------- -----------------
2.39 pence 500,000
---------------------------------------------------------------- -----------------
d) Aggregated information
- Aggregated volume 500,000
- Price 2.39 pence
e) Date of the transaction 15 April 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) +44 (0) 7766 465 617
SP Angel Corporate Finance (Nomad and Joint Broker)
Ewan Leggat/Charlie Bouverat +44 (0) 20 3470 0470
SI Capital Limited (Joint Broker)
Nick Emerson +44 (0) 1483 413 500
First Equity Limited (Joint Broker)
David Cockbill/Jason Robertson +44 (0) 20 7330 1883
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 precious metals exploration in North America and
Australia together with base and strategic metal exploration in
Africa. 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.
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END
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