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.
24 May 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 received a
Conversion Notice from Atlas Capital Markets LLC ("ACM") on 22 May
2024 for £80,000 of Convertible Bonds from the convertible bond
facility announced on 21 March 2024. The Company has drawn a total
of £2,100,000 under the Facility, £330,000 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
18,384,043 Ordinary shares of £0.001 per share ("Ordinary Shares")
at a conversion price of 0.43516 pence
per Ordinary Share.
Admission and Total Voting Rights
Application will be made for
the 18,384,043 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
30 May 2024 ("Admission"). Upon Admission, the total number of
issued shares and the total number of voting rights in the Company
will be 1,584,006,394.
The above figure of 1,584,006,394
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
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Technology
Minerals Plc
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Robin Brundle, Executive Chairman
Alexander Stanbury, Chief Executive
Officer
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+44 (0)20 4582 3500
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Oberon
Investments Limited (Broker)
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Nick Lovering, Adam Pollock
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+44 (0)20 3179 0500
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Gracechurch
Group (Financial PR)
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Harry Chathli, Alexis Gore, Rebecca
Scott
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+44 (0)20 4582 3500
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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.