Power Metal Resources plc, the AIM listed metal exploration and development company, was today notified that on 21 February 2020 Value Generation Limited, a company beneficially owned by Chief Executive Officer, Paul Johnson, purchased 1,000,000 ordinary shares of 0.1 pence each in the Company (“Shares”) at a price of 0.437 pence per Share.
Following this purchase, Mr Johnson has a beneficial interest in a total of 28,100,000 Shares, representing approximately 5.08% of the issued share capital of the Company.
The Company was also today notified that on 21 February 2020, Chairman Andrew Bell sold 1,000,000 Shares at a price of 0.375p per Share in a personal nominee account and repurchased 1,000,000 Shares in his personal SIPP account at a price of 0.414p per Share.
Following this sale and repurchase Mr Bell’s interest in the Company remains unchanged at 17,770,000 shares representing approximately 3.22% of the issued share capital of the Company.
Notes to Editors:
Power Metal Resources plc (LON:POW) is an AIM listed metals exploration and development company exploring for the key metals used in power generation, transmission, storage and utilisation. The Board and team of advisors, who have proven expertise in exploration, mining and project generation, have identified an opportunity to utilise the Company’s position to become a leader in the London market for investors to gain exposure to the power metal commodity suite, particularly cobalt, lithium, copper and nickel.
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