Technology Minerals PLC Conversion Notice and Total Voting Rights (1259X)
22 April 2023 - 3:06AM
UK Regulatory
TIDMTM1
RNS Number : 1259X
Technology Minerals PLC
21 April 2023
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.
21 April 2023
Technology Minerals Plc
("Technology Minerals" or the "Company")
Conversion Notice and Total Voting Rights
Technology Minerals Plc (LSE: TM1), the first listed UK company
focused on creating a sustainable circular economy for battery
metals, announces that it received a Conversion Notice on 19 April
2023 from Atlas Capital Markets LLC ("ACM") for GBP250,000 of
Convertible Bonds from the GBP4.0 million convertible bond facility
announced on 9 December 2022. The Company has drawn a total of
GBP1,060,000 under the Facility, all of which has been converted
into new ordinary shares. ACM have agreed to abide by orderly
market provisions in respect of the sale of shares and have
indicated that they have no immediate plans to dispose of the
shares.
Technology Minerals will issue 30,964,469 ordinary shares of
GBP0.001 per share ("Ordinary Shares") at a conversion price of
0.819p per Ordinary Share.
Admission and Total Voting Rights
Application will be made for the 30,964,469 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 27 April 2023 ("Admission"). Upon Admission, the total
number of issued shares and the total number of voting rights in
the Company will be 1,502,709,895.
The above figure of 1,502,709,895 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 c/o +44 (0) 20 4582 3500
Alexander Stanbury, Chief Executive
Officer
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Oberon Investments Limited
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Nick Lovering, Adam Pollock +44 (0)20 3179 0535
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Gracechurch Group
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Harry Chathli, Alexis Gore, Rebecca
Scott +44 (0) 20 4582 3500
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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
extracting raw materials required for Li-ion batteries, whilst
solving the ecological issue of spent Li-ion batteries, by
recycling them for re-use by battery manufacturers. With the
increasing global demand for battery metals to supply
electrification, the group will explore, mine, and recycle metals
from spent batteries. Further information on Technology Minerals is
available at www.technologyminerals.co.uk
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END
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