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

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

5 January 2022

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 Cameroon and Canada at various stages of development and is quoted on London’s AQSE Growth Market (formerly NEX), announces that it has allotted a total of 2,700,000 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 31 December 2021 (the “New Shares”). 

Application will be made for the New Shares to be admitted to trading on the AQSE Growth Market and admission is expected to become effective on 11 January 2022 (“Admission”). 

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

Director Number of New Shares Total Ordinary Shares Held  % of Ordinary Shares Held
Richard Battersby 900,000 92,576,314 23.31
Alex Borrelli 450,000 30,066,561 7.56
James Butterfield 900,000 51,319,739 12.92
James Hogg 450,000 2,375,001 0.60

Total Voting Rights

Following Admission, the Company will have 397,147,891 Ordinary Shares in issue, each share carrying the right to one vote. The Company does not hold any Ordinary Shares in Treasury. Following Admission, the figure of 397,147,891 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 and Transparency Rules.

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 7836 238172
enquiries@bwagroupplc.com

Allenby Capital Limited
Corporate Adviser 
Nick Harriss/Freddie Wooding

+44 20 3328 5656

Market Abuse Regulation (MAR) Disclosure

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)
900,000
Ordinary Shares at 0.5p per share
450,000 Ordinary Shares at 0.5p per share 900,000
 Ordinary Shares at 0.5p per share
450,000 Ordinary Shares at 0.5p per share
Aggregated information 
Aggregated volume
Price
N/A N/A N/A N/A
Date of the transaction 4 January 2022 4 January 2022 4 January 2022 4 January 2022
Place of the transaction N/A N/A N/A N/A

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