Business
Notice of AGM and Capital Reorganisation
Notice of AGM and Capital Reorganisation.
About this update from Technology Minerals Plc
[{"type":"text","content":"\n\nThe 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.\n \n6 December 2024\n \nTechnology Minerals Plc\n(\"Technology Minerals\" or the \"Company\") \n \nNotice of AGM and Capital Reorganisation\n \nTechnology Minerals Plc (LSE: TM1), the UK's pioneering firm in establishing a circular economy for battery metals, gives notice that the Annual General Meeting (\"AGM\") of the Company will be held at 11:00 am GMT on Monday 30 December 2024 at Courthouse Hotel London, 19-21 Great Marlborough St, London W1F 7HL.\n \nNotice of AGM and Annual Report\nThe Notice of AGM is being posted to shareholders today, and will be made available on the Company's website: www.technologyminerals.co.uk. The Annual Report Accounts of the Company are expected to be published and posted to shareholders on or around 10 December 2024.\n \nCapital Reorganisation\nAs the Company is not permitted by law to issue shares at an issue price which is below their nominal value, the Company's ability to raise funds from investors is limited due to the proximity of the latest closing price of the shares to their nominal value.\n \nWhilst the Board's objective is to achieve the highest possible issue price for the Company when issuing shares, the Company may be unable to issue shares in future in accordance with its contractual commitments or otherwise to be able to attract further equity investment into the business, should it be necessary.\n \nIn order to safeguard the Company's ability to issue new shares at an issue price which exceeds their nominal value, shareholder approval is being sought to complete a Capital Reorganisation.\n \nThe Capital Reorganisation will involve:\n· each of the existing ordinary shares of £0.001 each will be subdivided into and reclassified as one New Ordinary Share and one Deferred Share;\n·  ...