TIDMPOW

RNS Number : 6781R

Power Metal Resources PLC

30 October 2019

30 October 2019

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

("POW" or the "Company")

Directors dealings

Power Metal Resources plc (LON:POW) the AIM listed African focused metals exploration and development company was notified that Andrew Bell, the Chairman of the Company, has purchased 250,000 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") at a price of 0.499 pence per Share.

Additionally, Value Generation Limited, a company beneficially owned by Paul Johnson, the CEO of the Company, has purchased 100,000 Ordinary Shares at a price of 0.448 pence per Share, 250,000 Ordinary Shares at a price of 0.4917 pence per Share and 250,000 Ordinary Shares at a price of 0.500 pence per Share.

Following this purchase, Mr Bell has a beneficial interest in a total of 11,270,000 Ordinary Shares, representing approximately 3.02% of the issued share capital of the Company and Mr Johnson has a beneficial interest in a total of 18,600,000 Ordinary Shares, representing approximately 4.99% 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. Andrew Bell 
      -------------------------------------  ------------------------------------------- 
 2     Reason for the notification 
      ---------------------------------------------------------------------------------- 
 a)    Position/status 
                                                     1. Executive 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. Purchase of shares 
      -------------------------------------  ------------------------------------------- 
 c)    Price(s) and volume(s) 
                                              ---------------------  ----------------- 
                                               Price(s)               Volume(s) 
                                              ---------------------  ----------------- 
    0.449 pence                                                       250,000 
   ----------------------------------------------------------------  ----------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                     N/A - single transaction 
 
  - Price 
 
 e)    Date of the transaction                30 October 2019 
      -------------------------------------  ------------------------------------------- 
 f)    Place of the transaction               XLON 
      -------------------------------------  ------------------------------------------- 
 
 
 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) 
                                                   ------------------  -------------- 
   a.       0.448 pence                                                 100,000 
           ----------------------------------------------------------  -------------- 
   b.       0.4917 pence                                                250,000 
           ----------------------------------------------------------  -------------- 
   c.       0.5000 pence                                                250,000 
           ----------------------------------------------------------  -------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                  600,000 
 
  - Price                             0.480 pence 
 
 e)    Date of the transaction             30 October 2019 
      ----------------------------------  --------------------------------------------- 
 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.

Further enquiries

 
Power Metal Resources plc 
Paul Johnson (Chief Executive Officer)          +44 (0) 7766 465617 
SP Angel Corporate Finance (Nomad and Broker) 
Ewan Leggat                                     +44 (0) 2034 700470 
SI Capital Limited 
Nick Emerson                                    +44 (0) 1483 413500 
 
 

Notes to Editors:

Power Metal Resources plc (LON:POW) is an AIM listed African focused metals exploration and development company exploring for the key metals used in power generation, transmission, storage and utilisation. The Board and team of advisors, who have proven expertise in exploration, mining and project generation, have identified an opportunity to utilise the Company's position to become a leader in the London market for investors to gain exposure to the power metal commodity suite, particularly nickel, copper and cobalt.

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.

END

DSHEALEEDSFNFFF

(END) Dow Jones Newswires

October 30, 2019 10:55 ET (14:55 GMT)

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