Director/PDMR Shareholding
RNS Number : 9306S
BWA Group PLC
14 July 2020
 

Press Release 

14th July 2020

 

 

Prior to publication, the information contained within this announcement was deemed by the Company to constitute inside information for the purposes of Article 7 under the Market Abuse Regulation (EU) No. 596/2014 ("MAR"). With the publication of this announcement, this information is now considered to be in the public domain.

 

BWA Group PLC

 

 ("BWA" or "the Company")     

 

Issue of Equity and Director / PDMR Shareholdings

 

BWA Group plc [AQSE: BWAP], which has seven mineral exploration licences split between Canada and Cameroon at various stages of development and is quoted on London's AQSE Growth Market (formerly NEX), announces that it has allotted a total of 4,133,333 ordinary shares of 0.5 pence each in the Company ("Ordinary Shares"), at a price of 0.5 pence per share, in part settlement of fees due to current Directors in respect of the quarter ended 30th of June 2020. 

 

Application will be made for the Ordinary Shares to be admitted to trading on the AQSE Growth Market and admission is expected to become effective on 16th July 2020. 

 

Following this issue, the Directors' interests in the enlarged issued share capital of the Company are as follows:

 

Director

Number of Ordinary

Shares allotted

Resulting Ordinary

Shares held

Resulting % of Ordinary Shares held

Richard Battersby

1,600,000

47,118,908

15.58

Alex Borrelli

800,000

27,602,616

9.13

James Butterfield

1,600,000

46,575,299

15.40

James Hogg

133,333

133,333

0.04

 

Total Voting Rights

 

The Company now has 302,418,398 Ordinary Shares in issue, each share carrying the right to one vote. The Company does not hold any Ordinary Shares in Treasury. The figure of 302,418,398 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules. 

 

The Company also has £301,000 of 14% Convertible Unsecured Loan Notes 2021 in issue ("CLNS"), convertible into a maximum of 80,803,924 Ordinary Shares if the CLNS have not been redeemed by 31 December 2021. 

 

The Directors of BWA are responsible for the contents of this announcement.   

 

Ends -

For further information: 

 

BWA Group PLC

Richard Battersby

Chairman

 

+44 (0)7836 2381721

enquiries@bwagroupplc.com

Allenby Capital Limited

Corporate Adviser 

Nick Harriss/James Hornigold

 

+44 207 3328 5656

 

Abchurch

Financial Public Relations

Julian Bosdet

 

+44 (0)207 4594 4070

Julian.bosdet@abchurch-group.com

 

 

 

 

Market Abuse Regulation (MAR) Disclosure

 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 

Details of the persons discharging managerial responsibilities / persons closely associated

 

Name

Richard Battersby

 

Alex Borrelli

 

James Butterfield

 

James Hogg

Reason for notification

Director of BWA Group plc 

 

Director of BWA Group plc

Director of BWA Group plc

Director of BWA Group plc

 

Initial 

 

Initial 

Initial 

Initial

Details of the issuer, emission allowance market participant, auction

 platform, auctioneer, or auction monitor

 

BWA Group plc

 

 

BWA Group plc

BWA Group plc

BWA Group plc

LEI

213800XG3K7PTAAG8630

 

213800XG3K7PTAAG8630

213800XG3K7PTAAG8630

213800XG3K7PTAAG8630

Description of the financial instrument, type of instrument

 

Ordinary shares of 0.5p each

 

Ordinary shares of 0.5p each

Ordinary shares of 0.5p each

Ordinary shares of 0.5p each

Identification code

 

ISIN: GB0033877555

 

ISIN: GB0033877555

ISIN: GB0033877555

ISIN: GB0033877555

Nature of the transaction

Allotment of Ordinary Shares in part settlement of remuneration 

 

Allotment of Ordinary Shares in part settlement of remuneration 

 

Allotment of Ordinary Shares in part settlement of remuneration 

 

Allotment of Ordinary Shares in part settlement of remuneration 

 

Price(s) and 

    volume(s)

 

1,600,000 Ordinary Shares at 0.5p per share

 

800,000 Ordinary Shares at 0.5p per share

 

1,600,000 Ordinary Shares at 0.5p per share

 

133,333 Ordinary Shares at 0.5p per share

 

Aggregated information 

Aggregated volume

Price

 

N/A

N/A

N/A

N/A

Date of the transaction

 

13th of July 2020

13th of July 2020

13th of July 2020

13th of July 2020

Place of the transaction

 

N/A

N/A

N/A

N/A

 

Ends -

 


This information is provided by RNS, the news service of the . RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
DSHEAKXLFLXEEEA ]]>