REG - Technology Minerals - Conversion Notice and Total Voting Rights

Technology MineralsAnnouncement

11/06/2024 18:15

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RNS Number : 0398S  Technology Minerals PLC  11 June 2024

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 June 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 10 June
2024 for £90,000 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, £420,000 of which has been converted into new Ordinary shares
(including this conversion). 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 25,717,151 Ordinary shares of £0.001 per share
("Ordinary Shares") at a conversion price of 0.349961 pence per Ordinary
Share.

 

Admission and Total Voting Rights

Application will be made for the 25,717,151 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 June 2024 ("Admission"). Upon Admission,
the total number of issued shares and the total number of voting rights in the
Company will be 1,609,723,545.

 

The above figure of 1,609,723,545 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             +44 (0)20 4582 3500

 Alexander Stanbury, Chief Executive Officer

 Oberon Investments Limited (Broker)
 Nick Lovering, Adam Pollock                   +44 (0)20 3179 0500

 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
(http://www.technologyminerals.co.uk) .

 

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