REG - CleanTech Lithium - Grant of Options

Cleantech LithiumAnnouncement

14/08/2025 17:15

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RNS Number : 4149V  CleanTech Lithium PLC  14 August 2025

14 August 2025

CleanTech Lithium PLC ("CleanTech Lithium" or the "Company")

Grant of Options

 

CleanTech Lithium PLC (AIM: CTL), an exploration and development company
advancing sustainable lithium projects in Chile, announces that a total of
5,006,153 share options have been granted to Senior Management under the
Company´s Share Option Plan.

4,000,000 option shares have been granted to the CEO, Ignacio Mehech, as part
of his remuneration package and in accordance with the Company´s remuneration
strategy to incentivise executive performance. The option shares have an
exercise price of £0.06 (the "Option Shares") and the following Performance
Conditions:-

-      800,000 Option Shares will vest on completion of the DFS and
acceptance by the Board

-      800,000 Option Shares will vest on receipt of the Laguna Verde
environmental permit (RCA)

-      800,000 Option Shares will vest when project finance is in place
to commence construction at Laguna Verde

-      800,0000 Option Shares will vest when commercial production is
achieved at Laguna Verde

-    800,000 Option Shares will vest when CleanTech Lithium share price
reaches £0.70 for a consecutive period of 20 days.

1,006,153 minimal cost option shares with an exercise price of £0.02, which
is the Company´s nominal share price, have been granted to Gordon Stein, CFO
and ex-Director, in settlement of outstanding fees and pension contribution of
£105,987.07. The effective conversion price used for the calculation of
£0.1054 ("Conversion Price") was the monthly VWAP for the period October 2024
to July 2025 during which fees were deferred. The 1,006,153 minimal cost
option shares can be exercised anytime from the date of grant up until the
fifth anniversary of that date and are designed to give Mr Stein value
equivalent to the outstanding amounts converted at the Conversion Price in a
tax efficient manner.

The information contained in Appendix 1 below is disclosed in accordance with
Article 19 of UK MAR.

The information communicated within this announcement is deemed to constitute
inside information as stipulated under the Market Abuse Regulations (EU) No
596/2014 which is part of UK law by virtue of the European Union (Withdrawal)
Act 2018. Upon publication of this announcement, this inside information is
now considered to be in the public domain. The person who arranged for the
release of this announcement on behalf of the Company was Steve Kesler,
Director and Non-Executive Chairman.

 For further information contact:

 CleanTech Lithium PLC
 Ignacio Mehech/Gordon Stein/Nick Baxter       Office: +44 (0) 1534 668 321

                                               Mobile: +44 (0) 7494 630 360

                                               Chile office: +562-32239222
 Beaumont Cornish Limited (Nominated Adviser)  +44 (0) 20 7628 3396

 Roland Cornish/Asia Szusciak
 Fox-Davies Capital Limited (Joint Broker)     +44 (0) 20 3884 8450

 Daniel Fox-Davies                             daniel@fox-davies.com (mailto:daniel@fox-davies.com)
 Canaccord Genuity (Joint Broker)              +44 (0) 20 7523 4680

 James Asensio

 

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated
Adviser and is authorised and regulated by the FCA. Beaumont Cornish's
responsibilities as the Company's Nominated Adviser, including a
responsibility to advise and guide the Company on its responsibilities under
the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed
solely to the London Stock Exchange. Beaumont Cornish is not acting for and
will not be responsible to any other persons for providing protections
afforded to customers of Beaumont Cornish nor for advising them in relation to
the proposed arrangements described in this announcement or any matter
referred to in it.

 

Notes

CleanTech Lithium (AIM:CTL, Frankfurt:T2N) is an exploration and development
company advancing lithium projects in Chile for the clean energy transition.
CleanTech Lithium has two key lithium projects in Chile, Laguna Verde and
Viento Andino, and exploration stage project in Arenas Blancas (Salar de
Atacama), located in the lithium triangle, a leading centre for battery grade
lithium production.

CleanTech Lithium is committed to utilising Direct Lithium Extraction ("DLE")
with reinjection of spent brine resulting in no aquifer depletion. Direct
Lithium Extraction is a transformative technology which removes lithium from
brine with higher recoveries, short development lead times and no extensive
evaporation pond construction. For more information, please
visit: www.ctlithium.com (http://www.ctlithium.com/)

**ENDS**

 

Appendix 1

 Notification of Transactions of Directors/Persons Discharging Managerial
Responsibility and Connected Persons

     Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                                           Ignacio Mehech
 2   Reason for notification
 a)  Position / status                                                              CEO
 b)  Initial notification/Amendment                                                 Initial
 3   Details of the issuer, emission allowance market participant,
     auction platform, auctioneer or auction monitor
 a)  Name                                                                           CleanTech Lithium Plc
 b)  LEI                                                                            213800Y3TN5JQCDA9U59
 4   Details of the transaction(s):
     section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date;
     and (iv) each place where transactions have been conducted
 a)  ·            Description of the financial instrument, type of                  Ordinary Shares of GBP 0.02
     instrument

     ·            Identification code

                                                                                    ISIN: JE00BTJ01443
 b)  Nature of the transaction                                                      Grant of Options
 c)  Price(s) and volumes(s)

        Price(s)  Volumes(s)
                                                                                    Share Options  £0.06     4,000,000
 d)  Aggregated information

     Aggregate volume                                                                N/A

     Price(s)
 e)  Date of the transaction                                                        2025-08-14
 f)  Place of the transaction                                                       Outside a trading venue

d)

Aggregated information

Aggregate volume

Price(s)

 

 N/A

e)

Date of the transaction

2025-08-14

f)

Place of the transaction

Outside a trading venue

 

     Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                                           Gordon Bowman Stein
 2   Reason for notification
 a)  Position / status                                                              CFO and Ex-Director
 b)  Initial notification/Amendment                                                 Initial
 3   Details of the issuer, emission allowance market participant,
     auction platform, auctioneer or auction monitor
 a)  Name                                                                           CleanTech Lithium Plc
 b)  LEI                                                                            213800Y3TN5JQCDA9U59
 4   Details of the transaction(s):
     section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date;
     and (iv) each place where transactions have been conducted
 a)  ·            Description of the financial instrument, type of                  Ordinary Shares of GBP 0.02
     instrument

     ·            Identification code

                                                                                    ISIN: JE00BTJ01443
 b)  Nature of the transaction                                                      Grant of Options
 c)  Price(s) and volumes(s)

        Price(s)  Volumes(s)
                                                                                    Share Options  £0.02     1,006,153
 d)  Aggregated information

     Aggregate volume                                                                N/A

     Price(s)
 e)  Date of the transaction                                                        2025-08-14
 f)  Place of the transaction                                                       Outside a trading venue

d)

Aggregated information

Aggregate volume

Price(s)

 

 N/A

e)

Date of the transaction

2025-08-14

f)

Place of the transaction

Outside a trading venue

 

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