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BWA Group PLC - Issue of Equity

·3-min read

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

11 May 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, announces that it has allotted a total of 3,350,000 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 March 2022 (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 17 May 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

1,050,000

93,626,314

23.38

Alex Borrelli

625,000

30,691,561

7.66

James Butterfield

1,050,000

52,369,739

13.08

James Hogg

625,000

3,000,001

0.75

Total Voting Rights

Following Admission, the Company will have 400,497,891 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 400,497,891 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.

Ends -

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)

1,050,000
Ordinary Shares at 0.5p per share

625,000 Ordinary Shares at 0.5p per share

1,050,000
Ordinary Shares at 0.5p per share

625,000 Ordinary Shares at 0.5p per share

Aggregated information
Aggregated volume
Price

N/A

N/A

N/A

N/A

Date of the transaction

10 May 2022

10 May 2022

10 May 2022

10 May 2022

Place of the transaction

N/A

N/A

N/A

N/A

Ends -

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