BWA Group Plc Issue of Equity and Director / PDMR Shareholdings

 
TIDMBWAP 
 
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 
OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310. 
 
18 December 2023 
 
BWA Group PLC 
 
("BWA" or the "Company") 
 
Issue of Equity and Director / PDMR Shareholdings 
 
BWA (AQSE: BWAP), which has mineral exploration licences in 
bothCameroonandCanadaat various stages of development and is quoted on London's 
AQSE Growth Market, announces that it has allotted a total of 5,040,000 ordinary 
shares of0.5 penceeach in the Company ("Ordinary Shares"), at a price of0.5 
penceper share, in part settlement of fees (in respect of the quarter ended 30 
September 2023), including to certain directors, and in settlement of an amount 
owing to a trade creditor (the "New Shares"). A total of £25,200 of liabilities 
have been capitalised through the issue of the New Shares. 
 
Application will be made for the New Shares to be admitted to trading on the 
AQSE Growth Market and admission is expected to become effective on 21 December 
2023 ("Admission"). 
 
Following this issue, the interests of the directors receiving New Shares in the 
enlarged issued share capital of the Company are as follows: 
 
Shareholder   Number of   Total        % of Ordinary Shares Held 
              New Shares  Ordinary 
                          Shares Held 
 
James         1,050,000   58,869,768   9.70 
Butterfield1 
Jonathan      1,250,000   97,790,000   16.11 
Wearing2 
 
 1. Mr Butterfield's holding includes 1,029 Ordinary Shares previously omitted 
due to an error. 
 2. Mr Wearing's holding includes Tricastle Investments Limited, a company he 
controls. 
 
Total Voting Rights 
 
Following Admission, the Company will have 607,121,547 Ordinary Shares in issue, 
each share carrying the right to one vote. The Company does not hold any 
Ordinary Shares in Treasury. Following Admission, the figure of 607,121,547 
Ordinary Shares may be used by shareholders in the Company as the denominator 
for the calculations by which they will determine if they are required to notify 
their interest in, or a change to their interest in, the share capital of the 
Company under the Financial Conduct Authority's Disclosure and Transparency 
Rules. 
 
The Directors of BWA are responsible for the contents of this announcement. 
 
-Ends - 
 
For further information: 
 
BWA Group PLC               [phone] 
James Butterfield           [e-mail] 
Chairman 
Allenby Capital Limited     [phone] 
Corporate Adviser 
Nick Harriss/Lauren Wright 
 
Market Abuse Regulation (MAR) Disclosure 
 
Notification and public disclosure of transactions by persons discharging 
managerial responsibilities and persons closely associated with them. 
 
Details of the persons discharging managerial responsibilities / persons closely 
associated 
 
Name                              James Butterfield 
Reason for notification           Director of BWA Group Plc 
                                  Initial 
Details of the issuer, emission   BWA Group Plc 
allowance market participant, 
auction 
platform, auctioneer, or auction 
monitor 
LEI                               213800XG3K7PTAAG8630 
Description of the financial      Ordinary shares of 0.5p each 
instrument, type of instrument 
Identification code               ISIN: GB0033877555 
Nature of the transaction         Allotment of Ordinary Shares in 
                                  part settlement of remuneration 
Price(s) and                      1,250,000 
volume(s)                         Ordinary Shares at 0.5p per 
                                  share 
Aggregated information            N/A 
Aggregated volume 
Price 
Date of the transaction           15 Dec 2023 
Place of the transaction          N/A 
 
Name                              Jonathan Wearing 
Reason for notification           Director of BWA Group Plc 
                                  Initial 
Details of the issuer, emission   BWA Group Plc 
allowance market participant, 
auction 
platform, auctioneer, or auction 
monitor 
LEI                               213800XG3K7PTAAG8630 
Description of the financial      Ordinary shares of 0.5p each 
instrument, type of instrument 
Identification code               ISIN: GB0033877555 
Nature of the transaction         Allotment of Ordinary Shares in 
                                  part settlement of remuneration 
Price(s) and                      1,050,000 
volume(s)                         Ordinary Shares at 0.5p per 
                                  share 
Aggregated information            N/A 
Aggregated volume 
Price 
Date of the transaction           15 Dec 2023 
Place of the transaction          N/A 
 
 
This information was brought to you by Cision http://news.cision.com 
 
 
END 
 
 

(END) Dow Jones Newswires

December 18, 2023 02:01 ET (07:01 GMT)