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POW Power Metal Resources Plc

15.75
-0.25 (-1.56%)
Last Updated: 15:15:44
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Power Metal Resources Plc LSE:POW London Ordinary Share GB00BMFSSJ73 ORD 2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.25 -1.56% 15.75 15.50 16.00 16.00 15.75 16.00 113,661 15:15:44
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec 37k -2.26M -0.0010 -160.00 354.15M

Power Metal Resources PLC Director Dealings (5190G)

25/11/2020 2:37pm

UK Regulatory


Power Metal Resources (LSE:POW)
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TIDMPOW

RNS Number : 5190G

Power Metal Resources PLC

25 November 2020

25 November 2020

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

Director Dealings

Power Metal Resources plc (LON:POW) the AIM listed metals exploration and development company was notified today of the following Director Dealings.

Paul Johnson, Chief Executive Officer of the Company, today transferred 6,250,000 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") to his wife Michelle Louise Johnson, at nil consideration.

Following the above inter-spousal transfer Mr Johnson's beneficial interest in the Company is unchanged at a total of 61,500,000 Ordinary Shares, representing approximately 7.12% of the issued share capital of the Company.

Andrew Bell, Chairman of the Company, today transferred 4,210,526 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") to his wife Margaret Stephanie Bell, at nil consideration.

Following the above inter-spousal transfer Mr Bell's beneficial interest in the Company is unchanged at a total of 22,282,403 Ordinary Shares, representing approximately 2.58% 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 directors' 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. Transfer of shares to Spouse 
      ---------------------------------------  ------------------------------------------- 
 c)    Price(s) and volume(s) 
                                               --------------------  ------------------- 
                                                Price(s)              Volume(s) 
                                               --------------------  ------------------- 
                                                Nil                   6,250,000 
                                               --------------------  ------------------- 
 
 
 d)    Aggregated information 
 
       - Aggregated volume                      6,250,000 
 
  - Price                                       Nil 
 
 e)    Date of the transaction                  25 November 2020 
      ---------------------------------------  ------------------------------------------- 
 f)    Place of the transaction                 Off Market 
      ---------------------------------------  ------------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name 
                                                       1. Michelle Louise Johnson 
      ---------------------------------------  -------------------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------------------- 
 a)    Position/status 
                                                       2. Spouse of Power Metal Resources CEO 
                                                       Paul Johnson 
      ---------------------------------------  -------------------------------------------------- 
 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. Transfer of shares from Spouse 
      ---------------------------------------  -------------------------------------------------- 
 c)    Price(s) and volume(s) 
                                               -----------------------  ----------------------- 
                                                Price(s)                 Volume(s) 
                                               -----------------------  ----------------------- 
                                                Nil                      6,250,000 
                                               -----------------------  ----------------------- 
 
 
 d)    Aggregated information 
 
       - Aggregated volume                      6,250,000 
 
  - Price                                       Nil 
 
 e)    Date of the transaction                  25 November 2020 
      ---------------------------------------  -------------------------------------------------- 
 f)    Place of the transaction                 Off Market 
      ---------------------------------------  -------------------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name 
                                                       1. Andrew Bell 
      ---------------------------------------  ------------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------------ 
 a)    Position/status 
                                                       2. Chairman 
      ---------------------------------------  ------------------------------------------- 
 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. Transfer of shares to Spouse 
      ---------------------------------------  ------------------------------------------- 
 c)    Price(s) and volume(s) 
                                               --------------------  ------------------- 
                                                Price(s)              Volume(s) 
                                               --------------------  ------------------- 
                                                Nil                   4,210,526 
                                               --------------------  ------------------- 
 
 
 d)    Aggregated information 
 
       - Aggregated volume                      4,210,526 
 
  - Price                                       Nil 
 
 e)    Date of the transaction                  25 November 2020 
      ---------------------------------------  ------------------------------------------- 
 f)    Place of the transaction                 Off Market 
      ---------------------------------------  ------------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name 
                                                       1. Margaret Stephanie Bell 
      ---------------------------------------  ------------------------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------------------------ 
 a)    Position/status 
                                                       1. Spouse of Power Metal Resources Chairman 
                                                       Andrew Bell 
      ---------------------------------------  ------------------------------------------------------- 
 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. Transfer of Shares from Spouse 
      ---------------------------------------  ------------------------------------------------------- 
 c)    Price(s) and volume(s) 
                                               --------------------------  ------------------------- 
                                                Price(s)                    Volume(s) 
                                               --------------------------  ------------------------- 
                                                Nil                         4,210,526 
                                               --------------------------  ------------------------- 
 
 
 d)    Aggregated information 
 
       - Aggregated volume                      4,210,526 
 
  - Price                                       Nil 
 
 e)    Date of the transaction                  25 November 2020 
      ---------------------------------------  ------------------------------------------------------- 
 f)    Place of the transaction                 Off Market 
      ---------------------------------------  ------------------------------------------------------- 
 

**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)                +44 (0) 7766 465 617 
 
SP Angel Corporate Finance (Nomad and Joint Broker) 
Ewan Leggat/Charlie Bouverat                          +44 (0) 20 3470 0470 
 
SI Capital Limited (Joint Broker) 
Nick Emerson                                          +44 (0) 1483 413 500 
 
First Equity Limited (Joint Broker) 
David Cockbill/Jason Robertson                        +44 (0) 20 7330 1883 
 
 
 
 

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.

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 rns@lseg.com 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

DSHPPGQWGUPUGCA

(END) Dow Jones Newswires

November 25, 2020 09:37 ET (14:37 GMT)

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