REG - Technology Minerals - Conversion Notice and Total Voting Rights

Technology MineralsAnnouncement

07/01/2025 07:00

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RNS Number : 3174S  Technology Minerals PLC  07 January 2025

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.

 

7 January 2025

 

 

Technology Minerals Plc

 ("Technology Minerals" or the "Company")

 

Conversion Notice and Total Voting Rights

 

Technology Minerals Plc (LSE: TM1) ("the Company"), the first listed UK
company focused on creating a sustainable circular economy for battery metals,
announces that, further to its announcement of 20 December 2024, in which it
announced that it had received a Conversion Notice from Atlas Capital Markets
LLC ("ACM") in respect of £80,000 of Convertible Bonds from the convertible
bond facility announced on 21 March 2024, the Company and ACM have agreed
that, subject to Admission, the Company will issue 69,637,480 Ordinary shares
of £0.001 per share ("Ordinary Shares") at a conversion price of £0.001 per
Ordinary Share under PRR 1.2.4 Article 1(5)(a).

 

The balance of 10,362,520 Ordinary shares are intended to be issued to ACM in
due course, at a conversion price of £0.001 per Ordinary Share, at such time
as the Company has available headroom under PRR 1.2.4 Article 1(5)(a).

 

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 £0.81 million will have been converted into Ordinary shares. The
principal balance outstanding is therefore £1.69 million.

 

Admission and Total Voting Rights

Application will be made for the 69,637,480 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 10 January 2025 ("Admission"). Upon
Admission, the total number of issued shares and the total number of voting
rights in the Company will be 1,874,727,998.

 

The above figure of 1,874,727,998 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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