15th November 2024
Power Metal Resources
PLC
("Power Metal" or the
"Company")
Director Dealing
Power Metal Resources PLC (AIM:POW,
OTCQB:POWMF), the London listed exploration company with a
global project portfolio, announces the purchase of Power
Metal shares by a director.
The Company has been informed that
today, Sean Wade (Chief Executive Officer), has
purchased a total of 200,000 ordinary shares of 2 pence
each in the Company ("Shares") at a total cost
of £24,780.81.
Following the above purchase, the beneficial
holdings in Power Metal of Sean Wade is as follows:
|
Director
|
Shares
Purchased
|
Resulting
Shareholding
|
% of the
Company Held
|
|
Sean Wade
|
200,000
|
938,235
|
0.82
|
PDMR
DISCLOSURE
The notification below, made in accordance with
the requirements of the EU Market Abuse Regulation, provides
further detail on the director's share dealing.
|
1
|
Details of the
person discharging managerial responsibilities/person closely
associated
|
|
a)
|
Name
|
Sean Edward Wade
|
|
2
|
Reason for the
notification
|
|
a)
|
Position/status
|
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 instrument, type
of instrument
Identification code
|
ordinary shares of 2p each
ISIN: GB00BMFSSJ73
|
|
b)
|
Nature of transaction
|
Purchase of ordinary shares
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
12.375p
|
200,000
|
|
|
d)
|
Aggregated information
-
Aggregated volume
-
Price
|
As above - single transaction
|
|
e)
|
Date of the transaction
|
15 November 2024
|
|
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 LLP
(Nomad and Joint Broker)
|
|
|
Ewan Leggat/Caroline Rowe
|
+44 (0) 20 3470 0470
|
|
|
|
|
Tamesis Partners LLP (Joint
Broker)
|
|
|
Richard Greenfield/Charlie Bendon
|
+44 (0) 20 3882 2868
|
|
|
|
|
BlytheRay (PR Advisors)
Tim Blythe/Megan Ray
|
+44 (0) 20 7138 3204
|
NOTES TO EDITORS
Power Metal Resources plc -
Background
Power Metal Resources
plc (AIM:POW, OTCQB:POWMF) is a London-listed metals
exploration company which finances and manages global resource
projects and is seeking large scale metal discoveries.
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, Saudi Arabia 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 drive the Company's growth or may be
returned to shareholders through share buy backs, dividends or
in-specie distributions of assets.