AGM Result, Share Subdivision & Reclassification
Technology Minerals PLC
17 July 2026
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.
17 July 2026
Technology Minerals Plc
("Technology Minerals" or the "Company")
Result of Annual General Meeting, Subdivision of Share Capital and Reclassification
Technology Minerals Plc (LSE: TM1), the UK listed company focused on building national resource and manufacturing resilience, is pleased to announce that at the Annual General Meeting of the Company held earlier today, all resolutions were duly passed.
In particular, shareholders approved:
· the subdivision of each of the 3,144,394,215 existing ordinary shares of £0.001 each into two ordinary shares of £0.0005 each (the "Subdivision");
· the increase in the Directors' authority to allot shares up to an aggregate nominal amount of £7,737,812 (representing approximately 246% of the Existing Ordinary Share Capital);
· the disapplication of pre-emption rights in respect of the same aggregate nominal amount; and
· the increase in the dilution limit applicable to the Company's employee share plans from 10% to 20%.
Subdivision of Share Capital
Following the passing of Resolution 13, each of the 3,144,394,215 ordinary shares of £0.001 each in the capital of the Company has been subdivided into two ordinary shares of £0.0005 each, resulting in 6,288,788,430 ordinary shares of £0.0005 each.
The Board has designated one of the two ordinary shares arising from the Subdivision of each Existing Ordinary Share as an Ordinary Share and the other as an A Ordinary Share. The Ordinary Shares have been credited to the Existing Shareholders. The corresponding A Ordinary Share entitlements have been recorded by the Registrar in a separate category pending the General Meeting.
Further details of the Subdivision are set out in the table below:
|
Issuer/Company Name |
Technology Minerals Plc |
|
Security/Securities |
Ordinary Shares of £0.0005 each |
|
ISIN(s) |
GB00BWYF7709 |
|
TIDM(s) |
TM1 |
|
Date Subdivision approved |
17 July 2026 |
|
Record date for subdivision |
17 July 2026, 18.00 |
|
CREST accounts due to be credited |
20 July 2026 |
|
Subdivision effective date and trading expected to commence in the Subdivided shares |
20 July 2026; trading in the Ordinary Shares expected to commence on or around 20 July 2026 |
|
Replacement certificates due to be despatched (no later than) |
Week commencing 27 July 2026 |
Reclassification of A Ordinary Shares
Following the AGM and a subsequent meeting of a committee of the Board, the Company confirms that it intends to convene a General Meeting at which Shareholders will be asked to approve the adoption of New Articles and the reclassification of the A Ordinary Shares as Deferred Shares.
Subject to the passing of the relevant resolutions at that General Meeting, the Registrar will implement the reclassification in accordance with the New Articles and credit the resulting Deferred Shares to the individual accounts of the Existing Shareholders entitled to the corresponding A Ordinary Shares. The Deferred Shares will have no voting rights, no dividend rights and only a negligible right to capital on a winding up. No application will be made for the admission of the A Ordinary Shares or the Deferred Shares to the Official List or to trading on the London Stock Exchange.
Next Steps
The passing of the resolutions enables the Company to proceed with the Placing and the issue of the Settlement Shares as described in the Prospectus (expected to be published shortly). A further announcement will be made upon publication of the Prospectus.
Details of the proxy voting results, which should be read alongside the Notice of AGM, are below:
|
Votes |
Votes |
Total votes cast (excluding withheld) |
Issued share capital voted* |
Votes withheld** |
|||
|
For |
% |
Against |
% |
||||
|
Resolution 1: Financial Statements |
889,139,095 |
99.56% |
3,913,879 |
0.44% |
893,052,974 |
28.40% |
11,221,441 |
|
Resolution 2: Remuneration Report |
853,278,810 |
95.60% |
39,291,292 |
4.40% |
892,570,102 |
28.39% |
11,704,313 |
|
Resolution 3: Re-elect A Stanbury as a director |
635,891,472 |
70.44% |
266,834,966 |
29.56% |
902,726,438 |
28.71% |
1,547,977 |
|
Resolution 4: Re-elect N Bridle as a director |
890,964,445 |
98.70% |
11,752,653 |
1.30% |
902,717,098 |
28.71% |
1,557,317 |
|
Resolution 5: Re-elect J Cable as a director |
888,241,780 |
98.61% |
12,517,972 |
1.39% |
900,759,752 |
28.65% |
3,514,663 |
|
Resolution 6: Re-elect L Kemp as a director |
889,137,286 |
98.71% |
11,620,134 |
1.29% |
900,757,420 |
28.65% |
3,516,995 |
|
Resolution 7: Re-elect M Cataldo as a director |
890,979,336 |
98.72% |
11,552,643 |
1.28% |
902,531,979 |
28.70% |
1,742,436 |
|
Resolution 8: Re-elect N Kounoupias as a director |
889,093,058 |
98.52% |
13,400,623 |
1.48% |
902,493,681 |
28.70% |
1,780,734 |
|
Resolution 9: Re-elect C Turkmani as a director |
891,664,364 |
98.77% |
11,132,609 |
1.23% |
902,796,973 |
28.71% |
1,477,442 |
|
Resolution 10: Re-appoint Auditor |
892,543,947 |
98.83% |
10,568,496 |
1.17% |
903,112,443 |
28.72% |
1,161,972 |
|
Resolution 11: Auditors Remuneration |
889,879,440 |
98.74% |
11,335,533 |
1.26% |
901,214,973 |
28.66% |
3,059,442 |
|
Resolution 12: Political Donations |
832,552,467 |
94.41% |
49,285,790 |
5.59% |
881,838,257 |
28.04% |
22,436,158 |
|
Resolution 13: Shares subdivision |
884,745,145 |
98.99% |
9,026,425 |
1.01% |
893,771,570 |
28.42% |
10,502,845 |
|
Resolution 14: Grant share options |
860,054,666 |
97.08% |
25,889,347 |
2.92% |
885,944,013 |
28.18% |
18,330,402 |
|
Resolution 15: Shares subdivision |
876,214,072 |
98.91% |
9,680,146 |
1.09% |
885,894,218 |
28.17% |
18,380,197 |
|
Resolution 16: Disapplication of pre-emption |
873,526,934 |
98.64% |
12,024,398 |
1.36% |
885,551,332 |
28.16% |
18,723,083 |
|
*Total voting rights of the shares in issue |
|||||||
|
**Please note a 'vote withheld' is not counted in the calculations of votes 'for' or 'against' a resolution |
|||||||
Enquiries
|
Technology Minerals Plc |
|
|
Alex Stanbury, Chief Executive Officer |
c/o +44 (0)20 4582 3500 |
|
Oberon Capital (Broker) |
|
|
Nick Lovering, Adam Pollock |
+44 (0)20 3179 5300 |
|
Gracechurch Group (Financial PR) |
|
|
Harry Chathli, Alexis Gore, Rebecca Scott |
+44 (0)20 4582 3500 |
About 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.
Technology Minerals' Mantle Strategy
The Mantle strategy is Technology Minerals' repositioning as a listed national resilience company, built on the conviction that the private sector must play a central role in securing the UK's sovereign supply of critical resources, capabilities and infrastructure. It aligns the Company directly with the UK Government's Critical Minerals Strategy (Vision 2035) and its targets for domestic production, recycling and reduced reliance on single-country supply.
Mantle is executed across three pillars: Natural Resources (domestic reclamation, extraction, international exploration and stockpiling, anchored by Recyclus Group and the Company's mineral exploration assets); Critical Capabilities (foundational midstream and downstream capacity); and an Enabling Ecosystem (the partnerships and investments needed to pre-empt emerging requirements). Delivery will begin with a consolidation phase that resets the balance sheet and catalyses existing assets, followed by execution of a near-term pipeline of value-accretive opportunities - several revenue-generating and aligned with UK defence and national resilience requirements - as the Company scales towards becoming a critical part of the UK's resilience ecosystem.
Further information on Technology Minerals is available at www.technologyminerals.co.uk
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