Power Metal Resources PLC Director Dealings (5190G)
November 25 2020 - 9:37AM
UK Regulatory
TIDMPOW
RNS Number : 5190G
Power Metal Resources PLC
25 November 2020
25 November 2020
Power Metal Resources plc ("Power Metal" or the "Company")
Director Dealings
Power Metal Resources plc (LON:POW) the AIM listed metals
exploration and development company was notified today of the
following Director Dealings.
Paul Johnson, Chief Executive Officer of the Company, today
transferred 6,250,000 ordinary shares of 0.1 pence each in the
Company ("Ordinary Shares") to his wife Michelle Louise Johnson, at
nil consideration.
Following the above inter-spousal transfer Mr Johnson's
beneficial interest in the Company is unchanged at a total of
61,500,000 Ordinary Shares, representing approximately 7.12% of the
issued share capital of the Company.
Andrew Bell, Chairman of the Company, today transferred
4,210,526 ordinary shares of 0.1 pence each in the Company
("Ordinary Shares") to his wife Margaret Stephanie Bell, at nil
consideration.
Following the above inter-spousal transfer Mr Bell's beneficial
interest in the Company is unchanged at a total of 22,282,403
Ordinary Shares, representing approximately 2.58% 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 directors' 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. Transfer of shares to Spouse
--------------------------------------- -------------------------------------------
c) Price(s) and volume(s)
-------------------- -------------------
Price(s) Volume(s)
-------------------- -------------------
Nil 6,250,000
-------------------- -------------------
d) Aggregated information
- Aggregated volume 6,250,000
- Price Nil
e) Date of the transaction 25 November 2020
--------------------------------------- -------------------------------------------
f) Place of the transaction Off Market
--------------------------------------- -------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name
1. Michelle Louise Johnson
--------------------------------------- --------------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------------------
a) Position/status
2. Spouse of Power Metal Resources CEO
Paul Johnson
--------------------------------------- --------------------------------------------------
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. Transfer of shares from Spouse
--------------------------------------- --------------------------------------------------
c) Price(s) and volume(s)
----------------------- -----------------------
Price(s) Volume(s)
----------------------- -----------------------
Nil 6,250,000
----------------------- -----------------------
d) Aggregated information
- Aggregated volume 6,250,000
- Price Nil
e) Date of the transaction 25 November 2020
--------------------------------------- --------------------------------------------------
f) Place of the transaction Off Market
--------------------------------------- --------------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name
1. Andrew Bell
--------------------------------------- -------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------------
a) Position/status
2. 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 ordinary shares of 0.1p each
instrument, type of
instrument
Identification code ISIN: GB00BYWJZ743
b) Nature of the transaction
1. Transfer of shares to Spouse
--------------------------------------- -------------------------------------------
c) Price(s) and volume(s)
-------------------- -------------------
Price(s) Volume(s)
-------------------- -------------------
Nil 4,210,526
-------------------- -------------------
d) Aggregated information
- Aggregated volume 4,210,526
- Price Nil
e) Date of the transaction 25 November 2020
--------------------------------------- -------------------------------------------
f) Place of the transaction Off Market
--------------------------------------- -------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name
1. Margaret Stephanie Bell
--------------------------------------- -------------------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------------------------
a) Position/status
1. Spouse of Power Metal Resources Chairman
Andrew Bell
--------------------------------------- -------------------------------------------------------
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. Transfer of Shares from Spouse
--------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s)
-------------------------- -------------------------
Price(s) Volume(s)
-------------------------- -------------------------
Nil 4,210,526
-------------------------- -------------------------
d) Aggregated information
- Aggregated volume 4,210,526
- Price Nil
e) Date of the transaction 25 November 2020
--------------------------------------- -------------------------------------------------------
f) Place of the transaction Off Market
--------------------------------------- -------------------------------------------------------
**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 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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