Business
Director & PCA Dealing
Director & PCA Dealing.
About this update from Power Metal Resources Plc
[{"type":"text","content":"\n\n20 July 2023\nPower Metal Resources PLC\n(\"Power Metal\" or the \"Company\")\nDirector & PCA Dealing\n \nPower Metal Resources PLC (AIM:POW), the AIM listed metals exploration and development company, announces that it has been informed of the following share dealings:\nThe transfer from Edmund Shaw, non-executive director, of 2,000,000 ordinary shares of £0.01 each (\"Ordinary Shares\") for nil consideration to Lydia Shaw, a Person Closely Associated (\"PCA\") with Mr Edmund Shaw.\nThe sale by Edmund Shaw of 5,000,000 Ordinary Shares at a price of 0.65 pence per Ordinary Share and subsequent repurchase of 5,000,000 Ordinary Shares at a price of 0.6506 pence per Ordinary Share in an individual savings account (\"ISA\") in his name.\nThe sale by Lydia Shaw of 2,000,000 Ordinary Shares at a price of 0.67 pence per Ordinary Share and subsequent repurchase of 1,993,901 Ordinary Shares at a price of 0.6715 pence per Ordinary Share in an ISA in her name.\nFollowing these dealings, the combined beneficial holding of Edmund Shaw and Lydia Shaw is 13,993,901 Ordinary Shares, representing 0.67% of the Company's issued share capital.\nThe notifications below, made in accordance with the requirements of the EU Market Abuse Regulation (as it forms part of UK law pursuant to the European Union (Withdrawal) Act 2018), provide further detail on the share dealings.\n\n\n\n1.\n\n\nDetails of the person discharging managerial responsibilities/person closely associated\n\n\n\n\n(a)\n\n\nFull name of person Dealing\n\n\nEdmund Shaw\n\n\n\n\n2.\n\n\nReason for notification\n\n\n\n\n(a)\n\n\nPosition/status\n\n\nNon-Executive Director \n\n\n\n\n(b)\n\n\nInitial notification/ Amendment\n\n\nInitial notification\n\n\n\n\n3.\n\n\nDetails of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor\n\n\n\n\n(a)\n\n\nName of entity\n\n\nPower Metal Resources Plc\n\n\n\n\n(b)\n\n\nLEI\n\n\n213800VNXOUPHTX53686\n\n\n\n\n4.\n\n\nDetails 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\n\n\n\n\n(a)\n\n\nDescription of the financial instrument, type of instrument\n\n\nOrdinary shares of 0.1 pence each in the Company\n\n\n\n\n(b)\n\n\nIdentification code\n\n\nISIN...