Power Metal Resources PLC Director Dealings

RNS Number : 6966U

Power Metal Resources PLC

02 July 2024

 

 

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)	[phone]
SP Angel Corporate Finance LLP (Nomad and Joint Broker)
Ewan Leggat/Caroline Rowe	[phone]
Tamesis Partners LLP (Joint Broker)
Richard Greenfield/Charlie Bendon	[phone]
BlytheRay (PR Advisors) Tim Blythe/Megan Ray	[phone]

 

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.

 

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