The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
26 April 2024
Technology Minerals Plc
("Technology Minerals" or the "Company")
Conversion Notice and Total Voting Rights
Technology Minerals Plc (LSE: TM1), the first listed UK company focused on creating a sustainable circular economy for battery metals, announces that it has today received a Conversion Notice from Atlas Capital Markets LLC ("ACM") for £250,000 of Convertible Bonds from the convertible bond facility announced on 21 March 2024. The Company has drawn a total of £1,500,000 under the Facility, £250,000 of which has been converted into new Ordinary shares. ACM have agreed to abide by orderly market provisions in respect of the sale of shares and have indicated that they have no immediate plans to dispose of the shares.
Technology Minerals will issue 40,849,673 ordinary shares of £0.001 per share ("Ordinary Shares") at a conversion price of 0.612p per Ordinary Share.
Admission and Total Voting Rights
Application will be made for the 40,849,673 new Ordinary Shares, which will rank pari passu in all respects with the existing Ordinary Shares of the Company, to be admitted to the Standard List segment of Official List and to trading on the main market of the London Stock Exchange plc, which is expected to occur on or around 8.00 a.m. on 2 May 2024 ("Admission"). Upon Admission, the total number of issued shares and the total number of voting rights in the Company will be 1,565,622,351.
The above figure of 1,565,622,351 should 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.
Enquiries
| Technology Minerals Plc |
|
| Robin Brundle, Executive Chairman Alexander Stanbury, Chief Executive Officer
| +44 (0)20 4582 3500 |
| Oberon Investments Limited (Brokers) |
|
| Nick Lovering, Adam Pollock
| +44 (0)20 3179 5300 |
| Gracechurch Group (Financial PR) |
|
| Harry Chathli, Alexis Gore, Rebecca Scott
| +44 (0)20 4582 3500 |
Technology Minerals Plc
Technology Minerals is developing the UK's first listed, sustainable circular economy for battery metals, using cutting-edge technology to recycle, recover, and re-use battery technologies for a renewable energy future. Technology Minerals is focused on raw material exploration required for Li-ion batteries, whilst solving the ecological issue of spent Li-ion batteries, by recycling them for re-use by battery manufacturers. Further information on Technology Minerals is available at www.technologyminerals.co.uk.
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