BWAP BWA Group plc

 
TIDMBWAP 
 
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 
        OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310. 
 
                                                                    20 May 2022 
 
                                 BWA Group PLC 
 
                          ("BWA" or the "Company") 
 
                          Subscription of Loan Notes 
 
BWA Group plc [AQSE: BWAP], which has mineral exploration licences both 
in Cameroon and Canada at various stages of development and is quoted on 
London's AQSE Growth Market, announces an update to its funding strategy. 
 
The Company had previously announced (9 March 2022) its intention to raise 
funds by way of an issue of new ordinary shares of 0.5p each ("Ordinary Shares 
").  In subsequent discussions with potential investors, a general preference 
was expressed to make a further issue by the Company of convertible loan stock, 
following such issues in 2018 and 2019. 
 
The Company is pleased to announce that it has received applications for £ 
165,000 of 14% Convertible Unsecured Loan Notes ("Loan Notes").  The Loan Notes 
are convertible to Ordinary Shares at 0.6 pence per Ordinary Share, the 
proposed issue price of the Ordinary Shares contemplated in the announcement of 
9 March 2022, or redeemable, if not previously converted, on 30 April 2024. 
Interest on the Loan Notes will be rolled up and converted along with the 
principal amount of the Loan Notes. The Loan Notes will not be listed on any 
market. 
 
The maximum permitted issue of Loan Notes is £350,000 and none have been issued 
prior to this current issue; the Company will update when further subscriptions 
are received. 
 
The funds used will be used for general working capital purposes. 
 
The Directors of BWA Group plc have subscribed for the following amounts of 
Loan Notes: 
 
Director 
 
Richard                             £5,000 
Battersby 
 
Alex Borrelli 
                          £2,500 
 
James 
Butterfield               £2,500 
 
James Hogg 
                          £5,000 
 
The Directors of BWA are responsible for the contents of this announcement. 
 
                                    Ends - 
 
For further information: 
 
BWA Group PLC                          +44 7836 238172 
Richard Battersby            enquiries@bwagroupplc.com 
Chairman 
 
 
Allenby Capital Limited               +44 20 3328 5656 
Corporate Adviser 
Nick Harriss/Freddie Wooding 
 
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                Richard Battersby        Alex Borrelli    James Butterfield           James Hogg 
 
Reason for            Director of BWA      Director of BWA      Director of BWA      Director of BWA 
notification               Group plc             Group plc            Group plc            Group plc 
 
                             Initial              Initial              Initial               Initial 
 
Details of the          BWA Group plc        BWA Group plc        BWA Group plc        BWA Group plc 
issuer, emission 
allowance market 
participant, 
auction 
 platform, 
auctioneer, or 
auction monitor 
 
LEI              213800XG3K7PTAAG8630 213800XG3K7PTAAG8630 213800XG3K7PTAAG8630 213800XG3K7PTAAG8630 
 
Description of     Ordinary shares of   Ordinary shares of   Ordinary shares of   Ordinary shares of 
the financial               0.5p each            0.5p each            0.5p each            0.5p each 
instrument, type 
of instrument 
 
Identification     ISIN: GB0033877555   ISIN: GB0033877555   ISIN: GB0033877555   ISIN: GB0033877555 
code 
 
Nature of the        Subscription for     Subscription for     Subscription for     Subscription for 
transaction          Convertible Loan     Convertible Loan     Convertible Loan     Convertible Loan 
                               Stock                Stock                Stock                Stock 
 
Price(s) and       £5,000 convertible   £2,500 convertible   £2,500 convertible   £5,000 convertible 
    volume(s)                    into into Ordinary Shares                 into into Ordinary Shares 
                   Ordinary Shares at    at 0.6p per share   Ordinary Shares at    at 0.6p per share 
                       0.6p per share                            0.6p per share 
 
Aggregated                        N/A                  N/A                  N/A                  N/A 
information 
Aggregated 
volume 
Price 
 
Date of the               19 May 2022          19 May 2022          19 May 2022          19 May 2022 
transaction 
 
Place of the                      N/A                  N/A                  N/A                  N/A 
transaction 
 
Ends - 
 
 
 
END 
 
 

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