BWA Group plc

Transaction in Own Shares • Apr 7, 2021

National Storage Mechanism | Additional information

BWA Group PLC - Issue of Equity and Director / PDMR Shareholdings

PR Newswire

London, April 6

	7 April 2021

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

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 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 2,250,000 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 31 March 2021. 

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 12 April 2021. 

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	750,000	50,243,906	16.25
Alex Borrelli	375,000	28,866,561	9.34
James Butterfield	750,000	48,919,739	15.83
James Hogg	375,000	1,175,001	0.38

Total Voting Rights

The Company now has 309,112,891 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 309,112,891 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 Guidance 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.  

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For further information: 

BWA Group PLC Richard Battersby Chairman	+44 (0)7836 238172 [email protected]
Allenby Capital Limited Corporate Adviser  Nick Harriss	+44 207 3328 5656

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)	750,000 Ordinary Shares at 0.6p per share	375,000 Ordinary Shares at 0.6p per share	750,000  Ordinary Shares at 0.6p per share	375,000 Ordinary Shares at 0.6p per share
Aggregated information  Aggregated volume Price	N/A	N/A	N/A	N/A
Date of the transaction	6 April 2021	6 April 2021	6 April 2021	6 April 2021
Place of the transaction	N/A	N/A	N/A	N/A

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