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DJ BWA Group PLC Director/PDMR Shareholding


RNS Number : 5663R


30 June 2020

  Press Release   30(th) June 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" 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 4,000,000 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 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 2 July 2020.

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

      Director        Number of Ordinary   Resulting Ordinary    Resulting % of 
                        Shares allotted        Shares held       Ordinary Shares 
 Richard Battersby        1,600,000            45,518,980            15.25 
                     -------------------  -------------------  ----------------- 
 Alex Borrelli             800,000             26,802,616             8.99 
                     -------------------  -------------------  ----------------- 
 James Butterfield        1,600,000            44,975,299            15.08 
                     -------------------  -------------------  ----------------- 

Total Voting Rights

The Company now has 298,285,065 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 298,285,065 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.

The Company also has GBP301,000 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.

Additional Information on Share Options

The share options announced yesterday have an exercise period of five years from grant.

The Directors of BWA are responsible for the contents of this announcement.

Ends -

For further information:

 BWA Group PLC                                  +44 (0)7836 2381721 
  Richard Battersby              
 Allenby Capital Limited 
  Corporate Adviser 
  Nick Harriss/James Hornigold                    +44 207 3328 5656 
 Abchurch                                      +44 (0)207 4594 4070 
  Financial Public Relations 
  Julian Bosdet 

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 
 Reason for               Director of BWA               Director of BWA              Director of BWA 
  notification             Group plc                     Group plc                    Group plc 
                         ----------------------------  ---------------------------  --------------------------- 
                          Initial                       Initial                      Initial 
                         ----------------------------  ---------------------------  --------------------------- 
 Details of               BWA Group plc                 BWA Group plc                BWA Group plc 
  the issuer, 
  emission allowance 
  market participant, 
  platform, auctioneer, 
  or auction 
                         ----------------------------  ---------------------------  --------------------------- 
 LEI                      213800XG3K7PTAAG8630          213800XG3K7PTAAG8630         213800XG3K7PTAAG8630 
                         ----------------------------  ---------------------------  --------------------------- 
 Description              Ordinary shares               Ordinary shares              Ordinary shares 
  of the financial         of 0.5p each                  of 0.5p each                 of 0.5p each 
  type of instrument 
                         ----------------------------  ---------------------------  --------------------------- 
 Identification           ISIN: GB0033877555            ISIN: GB0033877555           ISIN: GB0033877555 
                         ----------------------------  ---------------------------  --------------------------- 
 Nature of the            Allotment of Ordinary         Allotment of Ordinary        Allotment of Ordinary 
  transaction              Shares in part                Shares in part settlement    Shares in part settlement 
                           settlement of remuneration    of remuneration              of remuneration 
                         ----------------------------  ---------------------------  --------------------------- 
 Price(s) and             1,600,000 Ordinary            800,000 Ordinary             1,600,000 Ordinary 
  volume(s)                Shares at 0.5p                Shares at 0.5p per           Shares at 0.5p per 
                           per share                     share                        share 
                         ----------------------------  ---------------------------  --------------------------- 
 Aggregated               N/A                           N/A                          N/A 
                         ----------------------------  ---------------------------  --------------------------- 
 Date of the              29 June 2020                  29 June 2020                 29 June 2020 
                         ----------------------------  ---------------------------  --------------------------- 
 Place of the             N/A                           N/A                          N/A 
                         ----------------------------  ---------------------------  --------------------------- 
   -      Ends - 

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June 30, 2020 09:30 ET (13:30 GMT)