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. 
 
                                                                  28 March 2023 
 
                                 BWA Group PLC 
 
                          ("BWA" or the "Company") 
 
                                Funding Update 
 
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 the provision of £35,000 of additional 
funding from its Board and certain existing investors. 
 
The funding is in the form of short-term loan notes with the following terms 
(the "Notes"): 
 
  * Maturity date - 30 June 2023. 
  * Interest rate - 100%.  Interest to be payable in cash on maturity. 
  * Repayment - In cash on maturity, but with a put option for the Company and 
    a call option for the noteholder to require repayment through the issue of 
    new ordinary shares of 0.5 pence each in the capital of the Company (" 
    Ordinary Shares") at the nominal value.  These options to be exercised no 
    later than 23 June 2023. 
  * Security - Unsecured 
 
In addition, the Company is in the process of formalising final terms for the 
short-term unsecured loans initially announced on 16 January 2023, which have a 
total principal amount of £39,000 (the "Loans"). It is anticipated that the 
maturity date of the Loans will be brought in line with the Notes. 
 
Further updates will be made as matters develop. 
 
The Directors of BWA are responsible for the contents of this announcement. 
 
                                    Ends - 
 
For further information: 
 
BWA Group PLC                        +44 7770 225253 
James Butterfield          enquiries@bwagroupplc.com 
Interim Chairman 
 
 
Allenby Capital Limited             +44 20 3328 5656 
Corporate Adviser 
Nick Harriss/Lauren Wright 
 
Schedule of Lenders 
 
Name                                                   Notes          Loans 
 
James Butterfield (Director)                          £8,000         £8,500 
 
Alex Borrelli (Director)                              £1,000         £4,500 
 
James Hogg (Director)                                 £1,000         £4,500 
 
Dick Howe (Subsidiary Director)                           £0         £3,000 
 
Richard Battersby (Shareholder & Former               £5,000         £8,500 
Director) 
 
Jonathan Wearing (Shareholder)                       £20,000        £10,000 
 
Total                                                £35,000        £39,000 
 
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           Alex Borrelli         James Butterfield    James Hogg 
 
Reason for     Director of BWA Group Director of BWA      Director of BWA 
notification   Plc                   Group Plc            Group Plc 
 
               Initial               Initial              Initial 
 
Details of the BWA Group Plc         BWA Group Plc        BWA Group Plc 
issuer, 
emission 
allowance 
market 
participant, 
auction 
 platform, 
auctioneer, or 
auction 
monitor 
 
LEI            213800XG3K7PTAAG8630  213800XG3K7PTAAG8630 213800XG3K7PTAAG8630 
 
Description of Ordinary shares of    Ordinary shares of   Ordinary shares of 
the financial  0.5p each             0.5p each            0.5p each 
instrument, 
type of 
instrument 
 
Identification ISIN: GB0033877555    ISIN: GB0033877555   ISIN: GB0033877555 
code 
 
Nature of the  Option to settle loan Option to settle     Option to settle 
transaction    notes through the     loan notes through   loan notes through 
               issue of Ordinary     the issue of         the issue of 
               Shares                Ordinary Shares      Ordinary Shares 
 
Price(s) and   200,000 Ordinary      1,600,000 Ordinary   200,000 Ordinary 
    volume(s)  Shares at 0.5p per    Shares at 0.5p per   Shares at 0.5p per 
               share                 share                share 
 
Aggregated     N/A                   N/A                  N/A 
information 
Aggregated 
volume 
Price 
 
Date of the    27 March 2023         27 March 2023        27 March 2023 
transaction 
 
Place of the   N/A                  N/A                   N/A 
transaction 
 
 
 
 
END 
 
 

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