TM1 announces that Century Cobalt Limited ("CCL") has sold an aggregate of 2,550,000 ordinary Shares in the Company. As a result, CCL now holds 354,821,213 ordinary shares, which comprises 21.2% of the Company's issued share capital.
The Company has undertaken a review of operations and is implementing cost reduction measures across the business including a redundancy programme to reduce its total workforce, a reduction in head office costs, and an ongoing review of all service providers.
Recyclus Group Ltd ("Recyclus"), has signed an agreement with UK-based shared sustainable transport operator, Beryl, to recycle waste lithium-ion ("Li-ion") batteries from its fleet of e-bikes and e-scooters.
The Company has undertaken a review of operations and is implementing cost reduction measures across the business including a redundancy programme to reduce its total workforce, a reduction in head office costs, and an ongoing review of all service providers.