Holdings in Company & Director/PDMR Shareholding

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	[phone]
Oberon Investments Limited
Nick Lovering, Adam Pollock	[phone]
Gracechurch Group
Harry Chathli, Alexis Gore, Rebecca Scott	[phone]

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

 

END