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 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.
|
|
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
instrument Identification code
|
Ordinary shares of £0.001 par value each
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
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
|
|
|
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.
