Result of WRAP Retail Offer
Technology Minerals Plc has successfully raised approximately £2.159 million in gross proceeds through a placing, subscription, and WRAP Retail Offer. The WRAP Retail Offer alone generated £32,564 by issuing 65,129,280 new ordinary shares at £0.0005 pence per share. An additional £42,000 was raised through a separate subscription, resulting in the issuance of 84,000,000 additional shares. In total, 4,254,000,000 placing and subscription shares were issued alongside the 65,129,280 retail offer shares. Following admission, expected around July 29, 2026, the company's total issued ordinary share capital will be 12,644,606,977, with 12,368,924,367 shares carrying voting rights.
Select text to share a quote on X · sign in to keep highlights & notes in your MNTL notes
Technology Minerals Plc (LSE: TM1), the first UK listed company focused on creating resource and manufacturing resilience through a sustainable circular economy for battery metals and other critical resources, is pleased to confirm, further to the announcements made on 21 June 2026, the result of its WRAP Retail Offer at the Issue Price of £0.0005 pence per share.
The Company announces that it has raised aggregate gross proceeds of approximately £32,564 pursuant to the WRAP Retail Offer. Accordingly, the Company will issue a total of 65,129,280 new Ordinary Shares at the Issue Price pursuant to the WRAP Retail Offer.
In addition, the Company has received an additional subscription commitment for £42,000 and so will issue an additional 84,000,000 shares pursuant to this demand (the "Additional Subscription Shares").
In total, the Placing and Subscription and the WRAP Retail Offer have raised gross proceeds of approximately £2.159 million for the Company, via the Placing and Subscription of 4,254,000,000 Placing and Subscription Shares (including the Additional Subscription Shares) and the 65,129,280 WRAP Retail Offer Shares.
The Company had previously announced that its issued share capital was 12,495,477,697 ordinary shares. However, of these 275,682,610 Ordinary Shares, which were due to be issued in lieu of a creditor balance, have not been issued and are therefore held in treasury, to be issued at a later date.
Admission and Total Voting Rights
Applications will been made for the Additional Subscription Shares and the WRAP Retail Offer Shares to be admitted to trading on the main market for listed securities of the London Stock Exchange plc ("Admission"). Admission is expected to become effective on or around 29 July 2026.
Upon Admission, the Company's issued ordinary share capital will consist of 12,644,606,977 Ordinary Shares with one voting right each. Therefore, from Admission the total number of Ordinary Shares with voting rights in the Company will be 12,368,924,367 . With effect from Admission, this figure may be used by Shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
Terms used but not defined in this announcement have the same meaning as set out in the Company's announcement released at 07:00 on 21 July 2026
Further information on the Company can be found on its website at technologyminerals.co.uk.
The Company's LEI is 2138001U1U2XY5UYA479
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.