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 exercised/converted
|
% of
voting rights
|
|
|
|
|
|
|
|
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 than the notifiable threshold
|
Total of both if it equals or is higher 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 exercised/converted
|
% of
voting rights
|
|
|
|
|
|
|
|
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 than the notifiable threshold
|
Total of both if it equals or is higher 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
Alexander Stanbury, Chief Executive
Officer
|
+44 (0)20 4582 3500
|
|
|
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.