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.
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|
|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)|
|– Aggregated volume||1,000,000|
|– Price||1.064 pence|
|e)||Date of the transaction||08 October 2020|
|f)||Place of the transaction||XLON|