Jeffreys Henry advise Technology Minerals Plc on £27.3m LSE IPO

Jeffreys Henry, the award-winning provider of audit, tax and advisory services to LSE, AIM and Aquis listed companies, has recently advised Technology Minerals Plc on its £27.3 million IPO on the Standard Segment of LSE’s Main Market.

‍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.

Following the successful pre-IPO fundraise of approximately £5 million, the company has raised gross proceeds of approximately £1.5 million (before expenses) through a placing of 66,666,667 New Ordinary Shares at a price of 2.25 pence per Ordinary Share. On Admission, the Company has 1,212,312,941 Ordinary Shares in issue, with a market capitalisation of just under £27.3 million.

This marks the latest of a string of IPOs supported by Jeffreys Henry’s specialist Capital Markets team. Previously, Jeffreys Henry advised Mode Global Holdings Plc on its £40.3m on the Standard Segment of LSE’s main market.

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NICK MICHAELS

Partner - Capital Markets

Throughout his career, Nick has extensively worked with public listed companies, including those listed on the LSE Standard List, AIM, Aquis (NEX) and CSE listed companies, during a time of accelerated growth, reverse takeovers and mergers and acquisitions.

SANJAY PARMAR