TIDMPOW
RNS Number : 9593J
Power Metal Resources PLC
21 August 2023
21 August 2023
Power Metal Resources PLC
("Power Metal" or the "Company")
Director Dealings
Power Metal Resources PLC (AIM:POW), the AIM listed metals
exploration and development company, announces the purchase of
Power Metal shares by directors.
The Company has been informed that today Sean Wade (Chief
Executive Officer), Ed Shaw (Non-executive Director) and Bill
Brodie Good (Non-executive Director), have purchased a total of
5,000,000 ordinary shares of 0.1 pence in the Company ("Shares") at
a total cost of GBP35,000.
Sean Wade purchased 3,000,000 Shares at a price of 0.7p per
share, Ed Shaw 1,000,000 Shares at price of 0.7p per Share and Bill
Brodie Good 1,000,000 Shares at a price 0.7p per share.
Following the above purchases the beneficial holdings in Power
Metal of the three directors are as follows:
Director Shares Purchased Resulting Shareholding % of the Company
Held
Sean Wade 3,000,000 14,764,705 0.710%
----------------- ----------------------- -----------------
Ed Shaw 1,000,000 15,000,000 0.721%
----------------- ----------------------- -----------------
Bill Brodie Good 1,000,000 1,000,000 0.048%
----------------- ----------------------- -----------------
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.
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name
Sean Edward Wade
--------------------------------------- ------------------------------------------
Reason for the notification
2
-----------------------------------------------------------------------------------
a) Position/status
Chief Executive Officer
--------------------------------------- ------------------------------------------
b) Initial notification
/Amendment Initial Notification
--------------------------------------- ------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------------
a) Name
Power Metal Resources Plc
--------------------------------------- ------------------------------------------
b) LEI
213800VNXOUPHTX53686
--------------------------------------- ------------------------------------------
Details of the transaction(s): section to be repeated for
4 (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)
------------------- ------------------
0.7p 3,000,000
------------------- ------------------
d) Aggregated information
- Aggregated volume 3,000,000
- Price 0.7p
e) Date of the transaction 21 August 2023
--------------------------------------- ------------------------------------------
f) Place of the transaction XLON
--------------------------------------- ------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name
Edmund Shaw
--------------------------------------- ------------------------------------------
Reason for the notification
2
-----------------------------------------------------------------------------------
a) Position/status
Non-executive Director
--------------------------------------- ------------------------------------------
b) Initial notification
/Amendment Initial Notification
--------------------------------------- ------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------------
a) Name
Power Metal Resources Plc
--------------------------------------- ------------------------------------------
b) LEI
213800VNXOUPHTX53686
--------------------------------------- ------------------------------------------
Details of the transaction(s): section to be repeated for
4 (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)
------------------- ------------------
0.7p 1,000,000
------------------- ------------------
d) Aggregated information
- Aggregated volume 1,000,000
- Price 0.7p
e) Date of the transaction 21 August 2023
--------------------------------------- ------------------------------------------
f) Place of the transaction XLON
--------------------------------------- ------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name
William Brodie Good
--------------------------------------- ------------------------------------------
Reason for the notification
2
-----------------------------------------------------------------------------------
a) Position/status
Non-executive Director
--------------------------------------- ------------------------------------------
b) Initial notification
/Amendment Initial Notification
--------------------------------------- ------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------------
a) Name
Power Metal Resources Plc
--------------------------------------- ------------------------------------------
b) LEI
213800VNXOUPHTX53686
--------------------------------------- ------------------------------------------
Details of the transaction(s): section to be repeated for
4 (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)
------------------- ------------------
0.7p 1,000,000
------------------- ------------------
d) Aggregated information
- Aggregated volume 1,000,000
- Price 0.7p
e) Date of the transaction 21 August 2023
--------------------------------------- ------------------------------------------
f) Place of the transaction XLON
--------------------------------------- ------------------------------------------
This announcement contains 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
Sean Wade (Chief Executive Officer) +44 (0) 20 3778 1396
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
BlytheRay (PR Advisors) +44 (0) 20 7138 3204
Tim Blythe
Megan Ray
NOTES TO EDITORS
Power Metal Resources plc - Background
Power Metal Resources plc (LON:POW) is an AIM listed metals
exploration company which finances and manages global resource
projects.
The Company has a principal focus on opportunities offering
district scale potential across a global portfolio including
precious, base and strategic 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.
Power Metal will develop projects internally or through
strategic joint ventures until a project becomes ready for disposal
through outright sale or separate listing on a recognised stock
exchange, thereby crystallising the value generated from our
internal exploration and development work.
Value generated through disposals will be deployed internally to
grow the Company or may be returned to shareholders through share
buy backs, dividends or in-specie distributions of assets.
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END
DSHSEEFEFEDSEFA
(END) Dow Jones Newswires
August 21, 2023 08:13 ET (12:13 GMT)
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