2 July
2024
Power
Metal Resources plc ("Power Metal" or the "Company")
Director
Dealings
Power Metal Resources plc (AIM:POW,
OTCQB:POWMF) the London listed exploration company with a global
project portfolio was notified on 1 July 2024 that Mr Edmund Shaw
made sales and repurchases of ordinary shares of 2 pence each in
the capital of the Company ("Ordinary Shares") to migrate part of
his current shareholding into his Individual Savings
Account ("ISA").
Following the above sale and
purchases Mr Shaw's beneficial interest in the Company remains
unchanged at a total of 750,000 Ordinary Shares, representing
approximately 0.675% 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,
which forms part of domestic UK law pursuant
to the European Union (Withdrawal) Act 2018, 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 2p
each
|
|
|
Identification code
|
ISIN: GB00BMFSSJ73
|
|
|
b)
|
Nature of the transaction
|
1. Purchase of
shares
|
c)
|
Price(s) and volume(s)
|
|
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
|
|
17.05 pence
|
75,000
|
|
|
|
17.06 pence
|
50,000
|
|
|
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information
|
|
|
|
- Aggregated volume
|
125,000
|
|
|
- Price
|
17.0536 pence
|
|
|
e)
|
Date of the transaction
|
1 July 2024
|
f)
|
Place of the transaction
|
XLON
|
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 2p
each
|
|
|
Identification code
|
ISIN: GB00BMFSSJ73
|
|
|
b)
|
Nature of the transaction
|
1. Sale of shares
|
c)
|
Price(s) and volume(s)
|
|
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
|
|
17 pence
|
75,000
|
|
|
|
17 pence
|
50,000
|
|
|
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information
|
|
|
|
- Aggregated volume
|
125,000
|
|
|
- Price
|
17 pence
|
|
|
e)
|
Date of the transaction
|
1 July 2024
|
f)
|
Place of the transaction
|
XLON
|
For
further information please visit https://www.powermetalresources.com/
or
contact:
Power Metal Resources plc
|
|
Sean Wade (Chief Executive
Officer)
|
+44 (0) 20 3778 1396
|
|
|
SP Angel Corporate Finance LLP
(Nomad and Joint Broker)
|
|
Ewan Leggat/Caroline Rowe
|
+44 (0) 20 3470 0470
|
|
|
Tamesis Partners LLP (Joint
Broker)
|
|
Richard Greenfield/Charlie Bendon
|
+44 (0) 20 3882 2868
|
|
|
BlytheRay (PR Advisors)
Tim Blythe/Megan Ray
|
+44 (0) 20 7138 3204
|
NOTES TO EDITORS
Power Metal Resources plc -
Background
Power Metal Resources
plc (AIM:POW, OTCQB:POWMF) is a London-listed metals
exploration company which finances and manages global resource
projects and is seeking large scale metal discoveries.
The Company has a principal focus on
opportunities offering district scale potential across a global
portfolio including precious, base and strategic metal exploration
in North America, Africa, Saudi Arabia and Australia.
Project interests range from
early-stage greenfield exploration to later-stage prospects
currently subject to drill programmes.
Power Metal will develop projects
internally or through strategic joint ventures until a project
becomes ready for disposal through outright sale or separate
listing on a recognised stock exchange thereby crystallising the
value generated from our internal exploration and development
work.
Value generated through disposals
will be deployed internally to drive the Company's growth or may be
returned to shareholders through share buy backs, dividends or
in-specie distributions of assets.