Extractive Industries

Power Metal reports NED dealings

Power Metal Resources plc reported dealings in shares of the company by non-executive director Edmund Shaw.

Mr Shaw transferred two million ordinary shares of £0.01 each for nil consideration to Lydia Shaw, a person closely associated with him.

He also sold five million ordinary shares each at 0.65 pence and repurchased the same quantity each at 0.6506 pence in an individual savings account in his name.

Ms Shaw sold two million ordinary shares each at a price of 0.67 pence and repurchased 1,993,901 ordinary shares at a price of 0.6715 pence per ordinary share in an ISA in her name.

Following the dealings, the combined beneficial holding of Edmund Shaw and Lydia Shaw is 13,993,901 ordinary shares, representing 0.67% of Power Metal’s issued share capital.

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