REG - Technology Minerals - Conversion Notice and Total Voting Rights

Technology MineralsAnnouncement

01/04/2025 18:30

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RNS Number : 2364D  Technology Minerals PLC  01 April 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.

 

1 April 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 further to its announcements on 20 December 2024 and 7 January 2025,
it will be applying for admission of the outstanding 10,362,520 Ordinary
shares for issuance to Atlas Capital Markets LLC ("ACM") as previously
announced.

 

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 £0.82 million will have been converted into Ordinary shares. The
principal balance outstanding is therefore £1.68 million.

 

Admission and Total Voting Rights

Application will be made for the 10,362,520 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 7 April 2025 ("Admission"). Upon Admission,
the total number of issued shares and the total number of voting rights in the
Company will be 2,333,583,515.

 

The above figure of 2,333,583,515 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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