TM1.L

Technology Minerals
Technology Minerals - Holdings in Company & Director/PDMR Shareholding
19th December 2024, 17:08
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RNS Number : 8303Q
Technology Minerals PLC
19 December 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. 

 

19 December 2024

 

Technology Minerals Plc

 

 ("Technology Minerals" or the "Company")

 

Holdings in the Company and Director/PDMR Shareholding

Technology Minerals Plc (LSE: TM1), the UK's pioneering firm in establishing a circular economy for battery metals, announces that Century Cobalt Limited ("CCL") has sold an aggregate of 60,000,000 Ordinary Shares in the Company to an institutional investor.

As a result, CCL now holds 294,821,213 ordinary shares, which comprises 21.2% of the Company's issued share capital. CCL has informed the Company that the reason for sale was to help enable it finance any future loans to the Company, or its group or associated companies.

CCL is a company closely associated with Alex Stanbury, CEO of Technology Minerals plc, who is a 23.47% shareholder and Director of CCL, along with Lester Kemp, Director of Technology Minerals plc, who holds 0.77% of the common stock of CCL.

 

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.

 

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES OR CONNECTED PERSONS

 

This notification is made in accordance with the requirements of the Market Abuse Regulation.

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Century Cobalt Limited ("CCL")

2

Reason for the notification

a)

Position/status

CCL is a person closely associated with Alex Stanbury (Director of Technology Minerals Plc and Director and 23.47% shareholder of CCL)

 

Lester Kemp (Director of Technology Minerals Plc also holds 0.77% of the common stock of CCL)

b)

Initial/Amendment notification

Initial

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 each

 

 

 

GB00BP094P47

b)

Nature of the transaction

Disposal of Ordinary shares in Technology Minerals Plc by Century Cobalt Limited

 

c)

Price(s) and volume(s)

 

Price (GBP)

Volume

0.0025

60,000,000

 

d)

Aggregated information

 

-     Aggregated volume

 

-     Price

 

 

60,000,000

 

£0.0025

e)

Date of the transaction

18 December 2024

f)

Place of the transaction

London Stock Exchange

 

 

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