Director/PDMR Shareholding
Updated : 14:23
03 April 2019
African Battery Metals plc
("ABM" or the "Company")
Director dealing
African Battery Metals plc, the AIM listed battery metal exploration and development company, was today notified that Value Generation Limited, a company beneficially owned by Executive Director, Paul Johnson, has purchased 1,250,000 ordinary shares of 0.1 pence each in the Company ("Shares") at an average price of 0.4423 pence per Share.
Following this purchase, Mr Johnson has a beneficial interest in a total of 16,250,000 Shares, representing approximately 4.48% of the issued share capital of the Company.
PDMR Disclosure
The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail on the director's share dealing.
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
|
1. Paul Johnson
| |||
2
| Reason for the notification
| ||||
a)
| Position/status
|
1. Executive Director
| |||
b)
| Initial notification /Amendment
|
Initial Notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
|
African Battery Metals Plc
| |||
b)
| LEI
|
213800VNXOUPHTX53686 | |||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| ||||
a)
| Description of the financial instrument, type of instrument | ordinary shares of 0.1p each | |||
Identification code | ISIN: GB00BYWJZ743 | ||||
b)
| Nature of the transaction
|
1. Purchase of shares | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
0.437 pence | 500,000 | ||||
0.45 pence | 500,000 | ||||
0.4375 | 250,000 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 1,250,000
| ||||
- Price | 0.4423 pence | ||||
e)
| Date of the transaction
| 03 April 2019 | |||
f)
| Place of the transaction
| London |
**Ends**
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
Further enquiries
African Battery Metals plc | |
Paul Johnson (Executive Director) | +44 (0) 7766 465617 |
SP Angel Corporate Finance (Nomad and Broker) | |
Ewan Leggat | +44 (0) 2034 700470 |
SI Capital Limited | |
Nick Emerson | +44 (0) 1483 413500 |
|
Notes to Editors
About African Battery Metals Plc
ABM is an AIM listed, Africa focused, resource company exploring for the key metals used in next generation batteries that fuel the new electric vehicle revolution. The Board and team of advisors, who have proven expertise in African exploration, mining and project generation, have identified an opportunity to utilise the Company's position to become a leader in the London market for investors to gain exposure to the battery metal commodity suite, particularly cobalt, lithium, copper and nickel.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.