REG - Technology Minerals - Holding(s) in Company

Technology MineralsAnnouncement

27/03/2024 07:00

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RNS Number : 4235I  Technology Minerals PLC  27 March 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.

 

27 March 2024

 

Technology Minerals Plc

("Technology Minerals" or the "Company")

 

Holding(s) in Company

 

Technology Minerals Plc (LSE: TM1), the first listed UK company focused on
creating a sustainable circular economy for battery metals, announces that it
was notified by CLG Capital LLC, on 25 March 2024, of the following notifiable
transactions under Disclosure & Transparency Rule 5 ("DTR 5"), as detailed
below.

 

The holdings of CLG Capital LLC ("CLG") relate to Ordinary shares of the
Company held as security in respect of a margin loan agreement ("the loan
agreement") between CLG and Century Cobalt Limited ("CCL"), as previously
announced on 23 November 2023. Proceeds of the loan agreement were lent by CCL
to the Company's 48.35% held associate, Recyclus Group.

 

CCL and the Company were notified of the details of the transactions by CLG on
25 March 2024, such transactions representing the sale of collateral shares
under the margin loan agreement. As a result of these transactions, the number
of collateral shares held by CLG has reduced from 181,405,895 to 137,030,895.
Proceeds received by CLG from the sale of these collateral shares have
correspondingly reduced the outstanding loan owed to CLG by CCL and from
Recyclus Group to CCL.

 

The aggregate interest of CCL in the Ordinary shares (including voting rights)
of the Company as at 1 November 2023 and announced on 23 November 2023, was as
follows:

 

                         Direct       Indirect((1))  Total        %
 Century Cobalt Limited  195,340,318  226,405,895    421,746,213  27.86

 

((1)) indirect holding comprised 181,405,895 Ordinary shares held by CLG and
45,000,000 Ordinary shares then held by Macquarie Group Limited.

 

Following the transactions by CLG, CCL retains voting rights over the
137,030,895 Ordinary shares used as security which are required under the
terms of the Margin Loan Facility between CCL and CLG to be returned to CCL on
repayment of the facility by CCL.

 

CCL is a wholly-owned subsidiary of Century Cobalt Corp ("CCC"). Alexander
Stanbury, a Director of the Company, holds 23.47% of the common stock of CCC
and Lester Kemp, a Director of the Company, holds 0.77% of the common stock of
CCC.

 

 

 

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

GB00BP094P47

Issuer Name

TECHNOLOGY MINERALS PLC

UK or Non-UK Issuer

UK

2. Reason for Notification

An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation

Name

CLG Capital LLC

City of registered office (if applicable)

George Town

Country of registered office (if applicable)

Cayman Islands

4. Details of the shareholder

Full name of shareholder(s) if different from the person(s) subject to the
notification obligation, above

 

City of registered office (if applicable)

 

Country of registered office (if applicable)

 

5. Date on which the threshold was crossed or reached

(1) 27 February 2024

(2) 11 March 2024

(3) 18 March 2024

6. Date on which Issuer notified

25 March 2024

7. Total positions of person(s) subject to the notification obligation

                                                                            % of voting rights attached to shares (total of 8.A)  % of voting rights through financial instruments (total of 8.B 1 + 8.B 2)  Total of both in % (8.A + 8.B)  Total number of voting rights held in issuer
 Resulting situation on the date on which threshold was crossed or reached  8.9868                                                0.00                                                                       8.9868                          137,030,895
 Position of previous notification (if applicable)                          11.984                                                0.00                                                                       11.984                          181,405,895

8. Notified details of the resulting situation on the date on which the
threshold was crossed or reached

8A. Voting rights attached to shares

 Class/Type of shares ISIN code(if possible)  Number of direct voting rights (DTR5.1)  Number of indirect voting rights (DTR5.2.1)  % of direct voting rights (DTR5.1)  % of indirect voting rights (DTR5.2.1)
 GB00BP094P47                                 137,030,895                                                                           8.9868%
 Sub Total 8.A                                137,030,895                                                                           8.9868%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

 Type of financial instrument  Expiration date  Exercise/conversion period  Number of voting rights that may be acquired if the instrument is  % of voting rights
                                                                            exercised/converted

 Sub Total 8.B1

8B2. Financial Instruments with similar economic effect according to
(DTR5.3.1R.(1) (b))

 Type of financial instrument  Expiration date  Exercise/conversion period  Physical or cash settlement  Number of voting rights  % of voting rights

 Sub Total 8.B2

9. Information in relation to the person subject to the notification
obligation

2. Full chain of controlled undertakings through which the voting rights
and/or the financial instruments are effectively held starting with the
ultimate controlling natural person or legal entities (please add additional
rows as necessary)

 Ultimate controlling person  Name of controlled undertaking  % of voting rights if it equals or is higher than the notifiable threshold  % of voting rights through financial instruments if it equals or is higher  Total of both if it equals or is higher than the notifiable threshold
                                                                                                                                          than the notifiable threshold
 Charles Ofori                CLG Capital LLC                 8.9868%                                                                     0.00                                                                        8.9868%

10. In case of proxy voting

Name of the proxy holder

 

The number and % of voting rights held

 

The date until which the voting rights will be held

 

11. Additional Information

 

12. Date of Completion

21-Mar-2024

13. Place Of Completion

London

 

 

 

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

GB00BP094P47

Issuer Name

TECHNOLOGY MINERALS PLC

UK or Non-UK Issuer

UK

2. Reason for Notification

An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation

Name

Century Cobalt Limited

City of registered office (if applicable)

London

Country of registered office (if applicable)

United Kingdom

4. Details of the shareholder

Full name of shareholder(s) if different from the person(s) subject to the
notification obligation, above

 

City of registered office (if applicable)

 

Country of registered office (if applicable)

 

5. Date on which the threshold was crossed or reached

(1) 23 February 2024

(2) 8 March 2024

(3) 15 March 2024

6. Date on which Issuer notified

26 March 2024

7. Total positions of person(s) subject to the notification obligation

                                                                            % of voting rights attached to shares (total of 8.A)  % of voting rights through financial instruments (total of 8.B 1 + 8.B 2)  Total of both in % (8.A + 8.B)  Total number of voting rights held in issuer
 Resulting situation on the date on which threshold was crossed or reached  24.89%                                                                                                                           24.89%                          379,546,213
 Position of previous notification (if applicable)                          27.86%                                                                                                                           27.86%                          421,746,213

8. Notified details of the resulting situation on the date on which the
threshold was crossed or reached

8A. Voting rights attached to shares

 Class/Type of shares ISIN code(if possible)  Number of direct voting rights (DTR5.1)  Number of indirect voting rights (DTR5.2.1)  % of direct voting rights (DTR5.1)  % of indirect voting rights (DTR5.2.1)
 GB00BP094P47                                 240,340,318                              139,205,895                                  15.76%                              9.13%
 Sub Total 8.A                                379,546,213                                                                           379,546,213

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

 Type of financial instrument  Expiration date  Exercise/conversion period  Number of voting rights that may be acquired if the instrument is  % of voting rights
                                                                            exercised/converted

 Sub Total 8.B1

8B2. Financial Instruments with similar economic effect according to
(DTR5.3.1R.(1) (b))

 Type of financial instrument  Expiration date  Exercise/conversion period  Physical or cash settlement  Number of voting rights  % of voting rights

 Sub Total 8.B2

9. Information in relation to the person subject to the notification
obligation

2. Full chain of controlled undertakings through which the voting rights
and/or the financial instruments are effectively held starting with the
ultimate controlling natural person or legal entities (please add additional
rows as necessary)

 Ultimate controlling person  Name of controlled undertaking  % of voting rights if it equals or is higher than the notifiable threshold  % of voting rights through financial instruments if it equals or is higher  Total of both if it equals or is higher than the notifiable threshold
                                                                                                                                          than the notifiable threshold
 Century Cobalt Corp.         Century Cobalt Limited          24.89%                                                                      0.00                                                                        24.89%

10. In case of proxy voting

Name of the proxy holder

 

The number and % of voting rights held

 

The date until which the voting rights will be held

 

11. Additional Information

Century Cobalt Limited first became of the details of the transactions
following the DTR 5 disclosure by CLG to Technology Minerals Plc.

12. Date of Completion

26-Mar-2024

13. Place Of Completion

London

 

 

 

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 5300

 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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