Power Metal Resources PLC Director/PDMR Shareholding (5173V)

TIDMPOW

RNS Number : 5173V

Power Metal Resources PLC

15 April 2021

15 April 2021

Power Metal Resources plc ("Power Metal" or the "Company")

Director/PDMR Shareholding

Power Metal Resources plc (LON:POW) the AIM listed metals exploration and development company was notified on 14(th) April 2021 that Mrs Stephanie Bell made on that day a sale and repurchase of ordinary shares of 0.1 pence each in the capital of the Company ("Ordinary Shares") to migrate part of her current shareholding into her own ISA. Mrs Bell sold 906,218 Ordinary Shares held through SI Capital Ltd and 906,218 were repurchased by her ISA on 14(th) April 2021.

Mrs Bell is a Person Closely Associated ("PCA") with Andrew Bell, Chairman of Power Metal and a Person Discharging Managerial Responsibilities ("PDMR") for the purposes of the Market Abuse Regulation ("MAR").

Following the dealing, the interests of Mr. Bell and his PCAs in the Ordinary Shares remains unchanged, at 22,282,403 Ordinary Shares, representing 1.95 per cent of the issued share capital of the Company.

The notifications below, made in accordance with the requirements of the UK Market Abuse Regulation, provide further detail.

 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                              Stephanie Bell 
      -------------------------------  --------------------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------------ 
 a)    Position/status                   PCA of Andrew Bell, Power Metal Resources 
                                          Plc Director 
      -------------------------------  --------------------------------------------------- 
 b)    Initial notification             Initial Notification 
        /Amendment 
      -------------------------------  --------------------------------------------------- 
 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             Sale of ordinary shares 
      -------------------------------  --------------------------------------------------- 
 c)    Price(s) and volume(s) 
                                            ----------------  --------------- 
                                             Price(s)          Volume(s) 
                                            ----------------  --------------- 
                                    GBP0.022                   906,218 
                                   -------------------------  --------------- 
 
 
 d)    Aggregated information 
 
  - Aggregated volume              n/a 
 
  - Price 
 
 e)     Date of the transaction         14 April 2021 
       ------------------------------  --------------------------------------------------- 
 f)     Place of the transaction        XLON 
       ------------------------------  --------------------------------------------------- 
 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                              Stephanie Bell 
      -------------------------------  --------------------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------------ 
 a)    Position/status                   PCA of Andrew Bell, Power Metal Resources 
                                          Plc Director 
      -------------------------------  --------------------------------------------------- 
 b)    Initial notification             Initial Notification 
        /Amendment 
      -------------------------------  --------------------------------------------------- 
 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              Purchase of ordinary shares 
      -------------------------------  --------------------------------------------------- 
 c)    Price(s) and volume(s) 
                                            ----------------  --------------- 
                                             Price(s)          Volume(s) 
                                            ----------------  --------------- 
                                    GBP0.02203                 906,218 
                                   -------------------------  --------------- 
 
 
 d)    Aggregated information 
 
  - Aggregated volume              n/a 
 
  - Price 
 
 e)     Date of the transaction         14 April 2021 
       ------------------------------  --------------------------------------------------- 
 f)     Place of the transaction        XLON 
       ------------------------------  --------------------------------------------------- 
 
 

- ENDS -

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] 
 

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April 15, 2021 02:00 ET (06:00 GMT)