REG - Technology Minerals - Exercise of Warrants

Technology MineralsAnnouncement

22/01/2024 07:00

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RNS Number : 3746A  Technology Minerals PLC  22 January 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.

 

22 January 2024

 

Technology Minerals Plc

 ("Technology Minerals" or the "Company")

 

Exercise of Warrants

 

Technology Minerals Plc (LSE: TM1), the first listed UK company focused on
creating a sustainable circular economy for battery metals, announces that
further to its announcement on 8 January 2024, that it had offered
warrantholders holding warrants exercisable at 3.375p and 2.25p a limited time
offer to exercise such warrants at a price of 1.2p, the Company has allotted a
total of 11,062,783 Ordinary shares of £0.001 each ("New Shares") at a price
of £0.012p each, resulting in the receipt of aggregate proceeds of £133k.

 

Admission and Total Voting Rights

Application will be made for the 11,062,783 New 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 at
8.00 a.m. on or around 26 January 2024 ("Admission"). Upon Admission, the
total number of issued shares and the total number of voting rights in the
Company will be 1,524,772,678.

 

The above figure of 1,524,772,678 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
 Nick Lovering, Adam Pollock                   +44 (0)20 3179 0535

 Gracechurch Group
 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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