Power Metal Resources PLC Director Dealing (5452B)

TIDMPOW

RNS Number : 5452B

Power Metal Resources PLC

08 October 2020

8 October 2020

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 today Value Generation Limited, a company beneficially owned by Paul Johnson, Chief Executive Officer of the Company, purchased on market 1,000,000 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") at a price of 1.064p per Ordinary Share (GBP10,640 invested).

Following the above purchase Mr Johnson has a beneficial interest in a total of 57,000,000 Ordinary Shares, representing approximately 6.97% 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) 
                                              ---------------------  ----------------- 
    1.064 pence                                                       1,000,000 
   ----------------------------------------------------------------  ----------------- 
 
 
 d)    Aggregated information 
 
  - Aggregated volume                    1,000,000 
 
  - Price                                1.064 pence 
 
 e)    Date of the transaction                08 October 2020 
      -------------------------------------  ------------------------------------------- 
 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)                [phone] 
 
SP Angel Corporate Finance (Nomad and Joint Broker) 
Ewan Leggat/ Charlie Bouverat                         [phone] 
 
SI Capital Limited (Joint Broker) 
Nick Emerson                                          [phone] 
 
First Equity Limited (Joint Broker) 
David Cockbill/Jason Robertson                        [phone] 
 
 
 
 

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 drill ready prospects.

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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHUPGUGUUPUGPR

(END) Dow Jones Newswires

October 08, 2020 08:11 ET (12:11 GMT)