Power Metal Resources plc (LON:POW) the AIM listed metals exploration and development company was notified that today Value Generation Limited, a company beneficially owned by Paul Johnson, Chief Executive Officer of the Company, purchased on market 1,000,000 ordinary shares of 0.1 pence each in the Company (“Ordinary Shares”) at a price of 1.064p per Ordinary Share (£10,640 invested).
Following the above purchase Mr Johnson has a beneficial interest in a total of 57,000,000 Ordinary Shares, representing approximately 6.97% 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. 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 instrument, type of instrument | ordinary shares of 0.1p each | |||
| Identification code | ISIN: GB00BYWJZ743 | ||||
| b) | Nature of the transaction | 1. Purchase of shares | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| 1.064 pence | 1,000,000 | ||||
| d) | Aggregated information | ||||
| – Aggregated volume | 1,000,000 | ||||
| – Price | 1.064 pence | ||||
| e) | Date of the transaction | 08 October 2020 | |||
| f) | Place of the transaction | XLON |