BWA Group PLC - Issue of Equity and Director / PDMR Shareholdings PR Newswire
7 April 2021

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310.

BWA Group PLC
 (“BWA” or “the Company”)    

Issue of Equity and Director / PDMR Shareholdings

BWA Group plc [AQSE: BWAP], which has 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 2,250,000 ordinary shares of 0.5 pence each in the Company ("Ordinary Shares"), at a price of 0.6 pence per share, in part settlement of fees due to current Directors in respect of the quarter ended 31 March 2021. 

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 12 April 2021. 

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 750,000 50,243,906 16.25
Alex Borrelli 375,000 28,866,561 9.34
James Butterfield 750,000 48,919,739 15.83
James Hogg 375,000 1,175,001 0.38

Total Voting Rights

The Company now has 309,112,891 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 309,112,891 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 Guidance 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.  

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For further information: 

BWA Group PLC
Richard Battersby
Chairman
+44 (0)7836 238172
enquiries@bwagroupplc.com
Allenby Capital Limited
Corporate Adviser 
Nick Harriss
+44 207 3328 5656

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)
750,000
Ordinary Shares at 0.6p per share
375,000 Ordinary Shares at 0.6p per share 750,000
 Ordinary Shares at 0.6p per share
375,000 Ordinary Shares at 0.6p per share
Aggregated information 
Aggregated volume
Price
N/A N/A N/A N/A
Date of the transaction 6 April 2021 6 April 2021 6 April 2021 6 April 2021
Place of the transaction N/A N/A N/A N/A

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