BWA Group plc

Transaction in Own Shares • Apr 9, 2024

National Storage Mechanism | Additional information

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

PR Newswire

LONDON, United Kingdom, April 09

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

9 April 2024

BWA Group PLC

(“ BWA ” or the “ Company ”)

Issue of Equity and Director / PDMR Shareholdings

BWA (AQSE: BWAP), which has mineral exploration licences in both   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 15,600,000 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 (in respect of the six months ended 31 March 2024), to certain directors, and in settlement of an amount owing to a director in settlement of loan notes advanced in 2023 (the “ New Shares ”).   A total of £78,000 of liabilities have been capitalised through the issue of 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 15 April 2024 (“ Admission ”).  

Following this issue, the interests of the directors receiving New Shares in the enlarged issued share capital of the Company are as follows:

Shareholder	Number of New Shares	Total Ordinary Shares Held	% of Ordinary Shares Held
James Butterfield	2,100,000	60,969,768	7.63
Jonathan Wearing 1	13,500,000	141,290,000	17.68

1. Mr Wearing’s holding includes Tricastle Investments Limited, a company he controls.

Total Voting Rights

Following Admission, the Company will have 799,173,147 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 799,173,147 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 James Butterfield Chairman	+44 7770 225253 [email protected]
Allenby Capital Limited Corporate Adviser   Nick Harriss/Lauren Wright	+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	James Butterfield
Reason for notification	Director of BWA Group Plc
	Initial
Details of the issuer, emission allowance market participant, auction   platform, auctioneer, or auction monitor	BWA Group Plc
LEI	213800XG3K7PTAAG8630
Description of the financial instrument, type of instrument	Ordinary shares of 0.5p each
Identification code	ISIN: GB0033877555
Nature of the transaction	Allotment of Ordinary Shares in part settlement of remuneration
Price(s) and         volume(s)	2,100,000   Ordinary Shares at 0.5p per share
Aggregated information   Aggregated volume Price	N/A
Date of the transaction	8 Apr 2024
Place of the transaction	N/A

Name	Jonathan Wearing
Reason for notification	Director of BWA Group Plc
	Initial
Details of the issuer, emission allowance market participant, auction   platform, auctioneer, or auction monitor	BWA Group Plc
LEI	213800XG3K7PTAAG8630
Description of the financial instrument, type of instrument	Ordinary shares of 0.5p each
Identification code	ISIN: GB0033877555
Nature of the transaction	Allotment of Ordinary Shares in part settlement of remuneration
Price(s) and         volume(s)	2,500,000   Ordinary Shares at 0.5p per share
Aggregated information   Aggregated volume Price	N/A
Date of the transaction	8 Apr 2024
Place of the transaction	N/A

Name	Jonathan Wearing
Reason for notification	Director of BWA Group Plc
	Initial
Details of the issuer, emission allowance market participant, auction   platform, auctioneer, or auction monitor	BWA Group Plc
LEI	213800XG3K7PTAAG8630
Description of the financial instrument, type of instrument	Ordinary shares of 0.5p each
Identification code	ISIN: GB0033877555
Nature of the transaction	Allotment of Ordinary Shares in settlement of outstanding loan notes
Price(s) and         volume(s)	11,000,000   Ordinary Shares at 0.5p per share
Aggregated information   Aggregated volume Price	N/A
Date of the transaction	8 Apr 2024
Place of the transaction	N/A

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