Power Metal Resources PLC Director/PDMR Shareholding (8904C)

TIDMPOW

RNS Number : 8904C

Power Metal Resources PLC

23 June 2021

23 June 2021

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 today that Paul Johnson, Chief Executive Officer of the Company, purchased 500,000 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") on market at a price of 2.2p per Ordinary Share through his Self-Invested Personal Pension ("SIPP")(GBP11,000 invested in this transaction).

Following the above purchase Mr Johnson has a beneficial interest in a total of 63,500,000 Ordinary Shares, representing approximately 5.54% 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 Ordinary Shares 
      --------------------------------------  -------------------------------------------- 
 c)    Price(s) and volume(s) 
                                               ---------------------  ------------------ 
                                                Price(s)               Volume(s) 
                                               ---------------------  ------------------ 
    2.2 pence                                                          500,000 
   -----------------------------------------------------------------  ------------------ 
 
 
 d)    Aggregated information 
 
  - Aggregated volume                     500,000 
 
  - Price                                 2.2 pence 
 
 e)    Date of the transaction                 23 June 2021 
      --------------------------------------  -------------------------------------------- 
 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 the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

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:

Power 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 and base metal exploration in North America, Africa and Australia. 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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June 23, 2021 10:17 ET (14:17 GMT)