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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Technology Minerals Plc | LSE:TM1 | London | Ordinary Share | GB00BP094P47 | ORD GBP0.001 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.40 | 0.35 | 0.45 | 0.40 | 0.40 | 0.40 | 2,065,938 | 07:47:22 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Miscellaneous Metal Ores,nec | 47k | -3.91M | -0.0026 | -1.54 | 6.05M |
TIDMTM1
RNS Number : 4502U
Technology Minerals PLC
23 November 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.
Replacement: The following amendments have been made to the 'Holdings in the Company and Director/PDMR Shareholding' announcement released on 7 November 2023 at 15:23 under RNS No 6846S. Following an administrative error having been identified, the Company clarifies the aggregate interest of Century Cobalt Limited ("CCL") in the Ordinary shares (including voting rights) of the Company as at 1 November 2023 had been understated in the announcement on 7 November 2023 by 27,500,000 Ordinary shares, was as follows:
Direct Indirect Total % Century Cobalt Limited 195,340,318 226,405,895 421,746,213 27.86 ------------ ------------ ------------ ------
The TR-1 below has been corrected accordingly. The TR-1 notification announced on 5 October 2023, was triggered by the transaction on 19 September 2023 (as previously disclosed), which caused CCL's percentage interest in the Ordinary shares of the Company to cross the 28% threshold. As previously disclosed on 5 October 2023, two further disposals totalling 1,500,000 Ordinary shares were made on 27 and 28 September 2023. As these transactions did not cause a further percentage threshold to be crossed, they were disclosed as a change in PDMR interests only, and not reflected in the form TR-1 dated 5 October 2023.
The full amended text is shown below.
23 November 2023
Technology Minerals Plc
("Technology Minerals" or the "Company")
Holdings in the Company and Director/PDMR Shareholding
Technology Minerals Plc (LSE: TM1), the first listed UK company focused on creating a sustainable circular economy for battery metals, announces it has been notified of a Margin Loan Facility agreement from CLG Capital LLC ("CLG") to Century Cobalt Limited ("CCL") for up to GBP1.0 million ("the Facility"). Recyclus Group Ltd ("Recyclus"), Technology Minerals' 48.35% owned battery recycling business, will borrow funds from CCL from time to time to meet Recyclus' working capital requirements.
Loan amounts drawn from CCL by Recyclus under the Facility, which are repayable to CLG after 12 months and which bear interest at the Bank of England base rate plus 10%, are reimbursable to CCL by Recyclus under similar terms. The security on the loan is provided in the form of a charge over shares held by CCL in Technology Minerals. Therefore, 181,405,895 ordinary shares (representing 11.98% of the total issued share capital of the Company) have been transferred from CCL to CLG.
As a result, the aggregate interest of CCL in the Ordinary shares (including voting rights) of the Company as at 1 November 2023, was as follows:
Direct Indirect Total % Century Cobalt Limited 195,340,318 226,405,895 421,746,213 27.86 ------------ ------------ ------------ ------
CCL retains voting rights over the 181,405,895 Ordinary shares used as security (which is included in the total amount stated above) which will 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.
CLG Capital specialises in structured transactions to high growth companies providing patient capital for the companies it invests in.
Enquiries:
Technology Minerals Plc Robin Brundle, Executive Chairman Alexander Stanbury, Chief Executive Officer +44 (0)20 4582 3500 -------------------- Oberon Investments Limited -------------------- Nick Lovering, Adam Pollock +44 (0)20 3179 0535 -------------------- 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.
TR-1: standard form for notification of major holdings NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible) 1a. Identity of the issuer or Technology Minerals Plc (the 'Company') the underlying issuer of existing shares to which voting rights are attached: ------------------------------------------------------------ 1b. Please indicate if the issuer is a non-UK issuer ( please mark with an "X" if appropriate) Non-UK issuer ---------------- 2. Reason for the notification (please mark the appropriate box or boxes with an "X") An acquisition or disposal of voting rights X ---------------- An acquisition or disposal of financial instruments ---------------- An event changing the breakdown of voting rights ---------------- Other (please specify): ---------------- 3. Details of person subject to the notification obligation Name Century Cobalt Limited City and country of registered London, United Kingdom office (if applicable) 4. Full name of shareholder(s) (if different from 3.) Name ------------------------------------------------------------ City and country of registered office (if applicable) ------------------------------------------------------------ 5. Date on which the threshold 1 November 2023 was crossed or reached: ------------------------------------------------------------ 6. Date on which issuer notified 6 November 2023 (DD/MM/YYYY): ------------------------------------------------------------ 7. Total positions of person(s) subject to the notification obligation % of voting % of voting Total of both Total number of rights attached rights through in % (8.A + voting rights to shares (total financial instruments 8.B) held in issuer of 8. A) (total of 8.B (8.A + 8.B) 1 + 8.B 2) ----------------------- ----------------------- ----------------- ---------------- Resulting situation on the date on which threshold was crossed or reached 27.86% 0.00% 27.86% 421,746,213 ----------------------- ----------------------- ----------------- ---------------- Position of previous notification (if applicable) 27.96% 0.00% 27.96% 423,246,213 ----------------------- ----------------------- ----------------- ---------------- 8. Notified details of the resulting situation on the date on which the threshold was crossed or reached A: Voting rights attached to shares Class/type of shares ISIN code (if possible) Number of voting rights % of voting rights Direct Indirect Direct Indirect (DTR5.1) (DTR5.2.1) (DTR5.1) (DTR5.2.1) ------------ GB00BP094P47 195,340,318 226,405,895 12.90% 14.96% ---------------------- ------------ ---------------------------- --------------- SUBTOTAL 8. A 421,746,213 27.86%
------------------------------------ --------------------------------------------- B 1: Financial Instruments according to DTR5.3.1R (1) (a) Type of financial Expiration Exercise/ Number of voting % of voting instrument date Conversion rights that may rights Period be acquired if the instrument is exercised/converted. ---------------------- ------------ ---------------------------- --------------- SUBTOTAL 8. B 1 ------------ ---------------------------- --------------- B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b) Type of financial Expiration Exercise/ Physical Number % of voting instrument date Conversion or cash of voting rights Period Settlement rights ----------------------- ------------ ------------ -------------- SUBTOTAL 8.B.2 ------------ -------------- 9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X") Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer Full chain of controlled undertakings through which the voting X rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary) Name % of voting rights % of voting rights Total of both if if it equals or through financial it equals or is is higher than instruments if higher than the the notifiable it equals or is notifiable threshold threshold higher than the notifiable threshold ----------------------- -------------------------- ---------------------- Century Cobalt Corp. 100% 100% ----------------------- -------------------------- ---------------------- 10. In case of proxy voting, please identify: 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 Alexander Stanbury, a director of the Company, holds 23.47% of the common stock of Century Cobalt Corp ('CCC'). Lester Kemp, a director of the Company, holds 0.77% of the common stock of CCC. CCC holds 100% of the issued shares of Century Cobalt Limited. Place of completion London Date of completion 6.11.2023 (corrected 23 November 2023) ---------------------------------------
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November 23, 2023 02:00 ET (07:00 GMT)
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