IN BRIEF: Technology Minerals receives conversion notice for bonds

Technology Minerals PLC - London-based battery metals and recycling firm - Receives conversion ...

Alliance News 24 May, 2024 | 7:18PM
Email Form Facebook Twitter LinkedIn RSS

Technology Minerals PLC - London-based battery metals and recycling firm - Receives conversion notice from Atlas Capital Markets LLC on Wednesday for GBP80,000 of convertible bonds from the convertible bond facility announced in March. Technology Minerals says it has drawn a total of GBP2.1 million under the facility, GBP330,000 of which has been converted into new ordinary shares. ACM indicates it has no immediate plans to dispose of the shares. Technology Minerals will issue around 18.4 million shares at 0.43516 pence each.

Current stock price: 0.50 pence, up 11 % in London on Friday

12-month change: down 76%

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

Email Form Facebook Twitter LinkedIn RSS

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Technology Minerals PLC 0.28 GBX 0.00 -

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

© Copyright 2024 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures