REG - Technology Minerals - Holding(s) in Company

Technology MineralsAnnouncement

04/04/2024 12:00

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RNS Number : 3588J  Technology Minerals PLC  04 April 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.

 

4 April 2024

 

Technology Minerals Plc

("Technology Minerals" or the "Company")

 

Director/PDMR Shareholding

Repayment of Outstanding Balance of CLG Loan

 

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 Century Cobalt Limited ("CCL") on 3 April 2024, of the
following notifiable transactions under Disclosure & Transparency Rule 5
("DTR 5").

 

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. Consequently, the trade is also reported under Market Abuse Regulation
Article 19.

 

The sale of shares by CCL was undertaken to meet its obligations under a
margin loan agreement between CCL and CLG Capital LLC (the "loan agreement"),
which was announced by Technology Minerals on 27 March 2024.

 

CCL has disposed of 20,000,000 Ordinary shares of Technology Minerals Plc at a
price of 0.92p per share, raising gross proceeds of £184,000, which will be
used to repay the outstanding balance of the loan agreement. Upon repayment of
the loan balance, 137,030,895 Ordinary shares in the Company currently held by
CLG are to be returned to CCL's direct holding.

 

Following the transaction, CCL retains total voting rights of 357,371,213
shares in Technology Minerals Plc.

 

 

 

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

27 March 2024

6. Date on which Issuer notified

3 April 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  23.44                                                 0.00                                                                       23.44                           357,371,213
 Position of previous notification (if applicable)                          24.89                                                 0.00                                                                       24.89                           379,546,213

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                                 220,340,318                              137,030,895                                  14.45                               8.99
 Sub Total 8.A                                357,371,213                                                                           23.44

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.                                         23.44                                                                       0.00                                                                        23.44

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

3-Apr-2024

13. Place Of Completion

London

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Names                                             Alexander Stanbury & Lester Kemp
 2    Reason for the notification
 a)   Position/status                                   Alexander Stanbury and Lester Kemp are each directors of Technology Minerals
                                                        plc.

                                                        Alexander Stanbury is a director of Century Cobalt Limited ("CCL") and
                                                        beneficial owner of 23.47% of the common stock of Century Cobalt Corp ("CCC"),
                                                        which is the beneficial owner of 100% of the issued share capital of CCL.

                                                        Lester Kemp holds 0.77% of the common stock of CCC.
 b)   Initial notification /Amendment                   Initial notification
 3    Details of the issuer, emission allowance market participant, auction
      platform, auctioneer

      or auction monitor
 a)   Name                                              Technology Minerals plc
 b)   LEI                                               2138001U1U2XY5UYA479
 4    Details of the transaction(s): section to be repeated for (i) each type of
      instrument;

      (ii) each type of transaction; (iii) each date; and (iv) each place where
      transactions have been conducted
 a)   Description of the financial instrument, type of  Ordinary shares of £0.001 par value each

      instrument Identification code                    ISIN: GB00BP094P47
 b)   Nature of the transaction                         Sale of shares held by Century Cobalt Limited.
 c)   Price(s) and volume(s)

                                                                              Price                 Volume(s)
                                                                              0.92p                 20,000,000

 d)   Aggregated information                            Weighted average price - 0.92p

                                                        Aggregated Volume - 20,000,000

 e)   Dates of the transaction                          27 March 2024
 f)   Place of the transactions                         London Stock Exchange

 

 

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
 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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