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.
24 February 2020