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.
11 September 2024
Technology Minerals Plc
("Technology Minerals" or the "Company")
Conversion Notice and Total
Voting Rights
Facility Drawdown and
Conversion
Technology Minerals Plc (LSE: TM1)
("the Company"), 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 10 September 2024 for £50,000 of Convertible Bonds from
the convertible bond facility announced on 21 March 2024. The
Company will issue 31,328,320 Ordinary shares of £0.001 per share
("Ordinary Shares") at a
conversion price of 0.1596
pence per Ordinary Share.
ACM have agreed to abide by orderly market
provisions in respect of the sale of shares.
Following completion of this
conversion, the total funds drawn under the £5.5 million facility
with ACM will remain £2.5 million as previously announced, of which
£0.65 million will have been converted into Ordinary shares. The
principal balance outstanding is therefore £1.85
million.
Admission and Total Voting
Rights
Application will be made for
the 31,328,320 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 17 September 2024 ("Admission"). Upon Admission, the total
number of issued shares and the total number of voting rights in
the Company will be 1,705,235,859.
The above figure of 1,705,235,859
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.