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On 7 January 2025, Century Cobalt Limited (CCL), a company closely associated with Technology Minerals Plc directors Alex Stanbury and Lester Kemp, sold 83,500,000 Ordinary Shares in Technology Minerals Plc to an institutional investor for £0.0012 per share on the London Stock Exchange. Following this transaction, CCL now holds 211,321,213 ordinary shares, representing 11.3% of Technology Minerals Plc's issued share capital.
| Date | 9 Jan 2025 |
| Time | 18:02:34 |
| Category | Director/PDMR dealings |
| ID | 8221S |
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.
9 January 2025
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 83,500,000 Ordinary Shares in the Company to an institutional investor.
As a result, CCL now holds 211,321,213 ordinary shares, which comprises 11.3% 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:
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Technology Minerals Plc |
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Robin Brundle, Executive Chairman Alexander Stanbury, Chief Executive Officer
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+44 (0)20 4582 3500 |
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Oberon Investments Limited (Brokers) |
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Nick Lovering, Adam Pollock
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+44 (0)20 3179 0535 |
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Gracechurch Group (Financial PR) |
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Harry Chathli, Alexis Gore, Rebecca Scott
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+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.
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Century Cobalt Limited ("CCL") |
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2 |
Reason for the notification |
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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) |
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b) |
Initial/Amendment notification |
Initial |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Technology Minerals Plc |
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b) |
LEI |
213800F6CHS1SEYK1842 |
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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 |
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a) |
Description of the financial instrument, type of instrument
Identification code |
Ordinary shares of £0.001 each
GB00BP094P47 |
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b) |
Nature of the transaction |
Disposal of Ordinary shares in Technology Minerals Plc by Century Cobalt Limited
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information
- Aggregated volume
- Price |
83,500,000
£0.0012 |
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e) |
Date of the transaction |
7 January 2025 |
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f) |
Place of the transaction |
London Stock Exchange |
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