UK Markets open in 1 hr 28 mins

BWA Group PLC - Director/PDMR Shareholdings

·4-min read

12 October 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 2,944,493 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 30 September 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 16 October 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

1,027,775

49,077,241

16.07

Alex Borrelli

555,610

28,158,226

9.22

James Butterfield

1,027,775

47,753,074

15.64

James Hogg

333,333

466,666

0.15

Total Voting Rights

The Company now has 305,362,891 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 305,362,891 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 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

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)

1,027,775 Ordinary Shares at 0.6p per share

555,610 Ordinary Shares at 0.6p per share

1,027,775 Ordinary Shares at 0.6p per share

333,333 Ordinary Shares at 0.6p per share

Aggregated information
Aggregated volume
Price

N/A

N/A

N/A

N/A

Date of the transaction

13 October 2020

13 October 2020

13 October 2020

13 October 2020

Place of the transaction

N/A

N/A

N/A

N/A