t
On 3 September 2024, Technology Minerals Plc announced that Century Cobalt Limited (CCL), a company closely associated with Directors Alex Stanbury and Lester Kemp, sold an aggregate of 2,550,000 ordinary shares. These shares were disposed of in three transactions on August 23, 27, and 30, 2024, at a price of £0.002 per share. Following these sales, CCL holds 354,821,213 ordinary shares, representing 21.2% of Technology Minerals Plc's issued share capital, with CCL stating the reason for the sale was to meet corporate expenditure obligations.
| Date | 3 Sept 2024 |
| Time | 07:51:30 |
| Category | Holding(s) in company |
| ID | 6817C |
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.
3 September 2024
Technology Minerals Plc
("Technology Minerals" or the "Company")
Holdings in the Company/PDMR
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 2,550,000 ordinary Shares in the Company. As a result, CCL now holds 354,821,213 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 meet its ongoing corporate expenditure obligations.
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.
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) |
|
||||
|
d) |
Aggregated information
- Aggregated volume
- Price |
2,000,000
£0.002 |
||||
|
e) |
Date of the transaction |
23 August 2024 |
||||
|
f) |
Place of the transaction |
London Stock Exchange |
||||
|
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) |
|
||||
|
d) |
Aggregated information
- Aggregated volume
- Price |
300,000
£0.002 |
||||
|
e) |
Date of the transaction |
27 August 2024 |
||||
|
f) |
Place of the transaction |
London Stock Exchange |
||||
|
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) |
|
||||
|
d) |
Aggregated information
- Aggregated volume
- Price |
250,000
£0.002 |
||||
|
e) |
Date of the transaction |
30 August 2024 |
||||
|
f) |
Place of the transaction |
London Stock Exchange |
||||