Power Metal Resources PLC Director Dealing (4783G)

TIDMPOW

RNS Number : 4783G

Power Metal Resources PLC

25 November 2020

25 November 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 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 1.78p per Ordinary Share through his Self-Invested Personal Pension ("SIPP")(GBP17,800 invested).

Following the above purchase Mr Johnson has a beneficial interest in a total of 61,500,000 Ordinary Shares, representing approximately 7.12% 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) 
                                             --------------------  ----------------- 
                                              1.78 pence            1,000,000 
                                             --------------------  ----------------- 
 
 
 d)    Aggregated information 
 
       - Aggregated volume                    1,000,000 
 
  - Price                                     1.78 pence 
 
 e)    Date of the transaction                25 November 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 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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November 25, 2020 05:25 ET (10:25 GMT)