Home » Power Metal Resources (POW) » Power Metal Resources #POW CEO Paul Johnson purchases 500,000 shares

Power Metal Resources #POW CEO Paul Johnson purchases 500,000 shares

Power Metal Resources plc (LON:POW) the AIM listed metals exploration and development company was notified today that Paul Johnson, Chief Executive Officer of the Company, purchased 500,000 ordinary shares of 0.1 pence each in the Company (“Ordinary Shares”) on market  at a price of 2.49p per Ordinary Share through his Self-Invested Personal Pension (“SIPP”)(£12,450 invested in this transaction).  

Following the above purchase Mr Johnson has a beneficial interest in a total of 63,000,000 Ordinary Shares, representing approximately 5.49% 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.



Details of the person discharging managerial responsibilities / person closely associated



1.  Paul Johnson


Reason for the notification




1.  Chief Executive Officer


Initial notification /Amendment

Initial Notification


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor



Power Metal Resources Plc





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


Description of the financial instrument, type of instrument

ordinary shares of 0.1p each

Identification code



Nature of the transaction

1.  Purchase of shares


Price(s) and volume(s)



2.49 pence



Aggregated information

– Aggregated volume



– Price

2.49 pence


Date of the transaction

4 June 2021


Place of the transaction







Certain information contained in this announcement would have been deemed 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

Paul Johnson (Chief Executive Officer)

+44 (0) 7766 465 617

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


Notes to Editors:

P ower Metal Resources plc (LON:POW) is an AIM listed metals exploration and development company seeking a large scale metal discovery.

The Company has a global portfolio of project interests including precious metals exploration in North America and Australia together with base and strategic metal exploration in Africa. Project interests range from early stage greenfield exploration to later stage prospects currently subject to drill programmes.

The Board and its team of advisors have expertise in project generation, exploration and development and have identified an opportunity to utilise the Company’s position to become a leader in the London market for investors wishing to gain exposure to proactive global metals exploration.

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