THIS
ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF
REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS
2019/310.
9 April 2024
BWA
Group PLC
(“BWA”
or the “Company”)
Issue of Equity and Director / PDMR
Shareholdings
BWA (AQSE:
BWAP), which has mineral exploration licences in
both Cameroon and Canada at
various stages of development and is quoted on London’s AQSE Growth
Market, announces
that it has allotted a total of 15,600,000 ordinary shares
of 0.5
pence each
in the Company ("Ordinary
Shares"),
at a price of 0.5
pence per
share, in part settlement of fees (in respect of the six months
ended 31 March 2024), to certain
directors, and in settlement of an amount owing to a director in
settlement of loan notes advanced in 2023 (the “New
Shares”).
A total of £78,000 of liabilities have been capitalised through the
issue of the New Shares.
Application will be made for the New Shares to be admitted to
trading on the AQSE Growth Market and admission is expected to
become effective on 15 April 2024
(“Admission”).
Following this issue, the interests of the directors receiving New
Shares in the enlarged issued share capital of the Company are as
follows:
|
Shareholder
|
Number of New Shares
|
Total Ordinary Shares Held
|
%
of Ordinary Shares Held
|
|
|
|
|
|
|
James Butterfield
|
2,100,000
|
60,969,768
|
7.63
|
|
Jonathan Wearing1
|
13,500,000
|
141,290,000
|
17.68
|
-
Mr
Wearing’s holding includes Tricastle Investments Limited, a company
he controls.
Total Voting Rights
Following Admission, the Company will have 799,173,147 Ordinary
Shares in issue, each share carrying the right to one vote. The
Company does not hold any Ordinary Shares in Treasury. Following
Admission, the figure of 799,173,147 Ordinary Shares may be used by
shareholders in the Company as the denominator for the calculations
by which they will determine if they are required to notify their
interest in, or a change to their interest in, the share capital of
the Company under the Financial Conduct Authority's Disclosure and
Transparency Rules.
The Directors of BWA are responsible for the contents of this
announcement.
-Ends
-
For further information:
|
BWA Group PLC
James Butterfield
Chairman
|
+44 7770 225253
enquiries@bwagroupplc.com
|
|
Allenby Capital Limited
Corporate Adviser
Nick Harriss/Lauren Wright
|
+44 20 3328 5656
|
Market Abuse Regulation (MAR)
Disclosure
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
Details of the persons discharging managerial
responsibilities / persons closely associated
|
Name
|
James Butterfield
|
|
Reason for notification
|
Director of BWA Group Plc
|
|
|
Initial
|
|
Details of the issuer, emission allowance market
participant, auction
platform,
auctioneer, or auction monitor
|
BWA Group Plc
|
|
LEI
|
213800XG3K7PTAAG8630
|
|
Description of the financial instrument, type of
instrument
|
Ordinary shares of 0.5p each
|
|
Identification code
|
ISIN: GB0033877555
|
|
Nature of the transaction
|
Allotment of Ordinary Shares in part settlement of
remuneration
|
|
Price(s) and
volume(s)
|
2,100,000
Ordinary
Shares at 0.5p per share
|
|
Aggregated information
Aggregated volume
Price
|
N/A
|
|
Date of the transaction
|
8 Apr 2024
|
|
Place of the transaction
|
N/A
|
|
Name
|
Jonathan
Wearing
|
|
Reason
for notification
|
Director
of BWA Group Plc
|
|
|
Initial
|
|
Details
of the issuer, emission allowance market participant,
auction
platform,
auctioneer, or auction monitor
|
BWA Group
Plc
|
|
LEI
|
213800XG3K7PTAAG8630
|
|
Description
of the financial instrument, type of instrument
|
Ordinary
shares of 0.5p each
|
|
Identification
code
|
ISIN:
GB0033877555
|
|
Nature
of the transaction
|
Allotment
of Ordinary Shares in part settlement of
remuneration
|
|
Price(s)
and
volume(s)
|
2,500,000
Ordinary
Shares at 0.5p per share
|
|
Aggregated
information
Aggregated
volume
Price
|
N/A
|
|
Date
of the transaction
|
8 Apr
2024
|
|
Place
of the transaction
|
N/A
|
|
Name
|
Jonathan
Wearing
|
|
Reason
for notification
|
Director
of BWA Group Plc
|
|
|
Initial
|
|
Details
of the issuer, emission allowance market participant,
auction
platform,
auctioneer, or auction monitor
|
BWA Group
Plc
|
|
LEI
|
213800XG3K7PTAAG8630
|
|
Description
of the financial instrument, type of instrument
|
Ordinary
shares of 0.5p each
|
|
Identification
code
|
ISIN:
GB0033877555
|
|
Nature
of the transaction
|
Allotment
of Ordinary Shares in settlement of outstanding loan
notes
|
|
Price(s)
and
volume(s)
|
11,000,000
Ordinary
Shares at 0.5p per share
|
|
Aggregated
information
Aggregated
volume
Price
|
N/A
|
|
Date
of the transaction
|
8 Apr
2024
|
|
Place
of the transaction
|
N/A
|