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) |
| ||||
| 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.
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