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DJ BWA Group PLC Issue of Equity

 
TIDMBWAP 
 
20 March 2020 
 
                                                                   GB0033877555 
 
                                 BWA GROUP PLC 
 
                           ("BWA" or the "Company") 
 
                Issue of Equity and Director/PDMR Shareholdings 
 
BWA Group plc, the AQSE Growth Market traded investment company with interests 
primarily in the mining sector, announces that it has allotted 20,000,000 
ordinary shares of 0.5 pence each in the Company ("Ordinary Shares"), at a 
price of 0.5 pence per share, pursuant to a cash subscription of GBP100,000 by 
Tri Castle Investments Limited ("Tri Castle"). The proceeds of the subscription 
will be used by the Company for general working capital purposes. 
 
Following the subscription, Tri Castle is interested in 20,000,000 Ordinary 
Shares, representing 6.8% of the Company's enlarged issued share capital. 
Jonathan Wearing, a significant shareholder in Tri Castle, is interested in a 
further 290,000 Ordinary Shares in the Company, representing 0.1% of the 
Company's enlarged issued share capital. 
 
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 25 
March 2020. 
 
The Company now has 294,285,065 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 294,285,065 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. 
 
Following this issue, the Directors' interests in the enlarged issued share 
capital of the Company are as follows: 
 
Director                                    Ordinary Shares Held       % 
 
Richard Battersby                                43,918,980          14.92 
 
Alex Borrelli                                    26,002,616          8.84 
 
James Butterfield                                43,375,299          14.74 
 
The Company also has GBP301,000 of 14% Convertible Unsecured Loan Notes 2020 in 
issue ("CLNS"), convertible into a maximum of 80,803,924 Ordinary Shares, if 
the CLNS have not been redeemed by 31 December 2021. In addition, the Directors 
have options over a total of 17,613,786 Ordinary Shares. 
 
The Directors of BWA are responsible for the contents of this announcement. 
 
For further information please contact: 
 
BWA Group plc                                                 07836 238 172 
Richard Battersby (Non-Executive 
Chairman) 
 
Peterhouse Capital Limited                                    020 7469 0930 
Mark Anwyl 
Allie Feuerlein 
 
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. 
 
 
 
END 
 

(END) Dow Jones Newswires

March 20, 2020 07:09 ET (11:09 GMT)