REG - CleanTech Lithium - Notice of AGM

Cleantech LithiumAnnouncement

30/10/2024 13:45

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RNS Number : 2739K  CleanTech Lithium PLC  30 October 2024

30 October 2024

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

Notice of Annual General Meeting

 

CleanTech Lithium PLC (AIM:CTL, Frankfurt:T2N, OTC:CTLHF), an exploration and
development company advancing sustainable lithium projects in Chile, will hold
its Annual General Meeting ("AGM") at the offices of the Company at
de Carteret House, 7 Castle Street, St Helier JE2 3BT on 26 November 2024
at 11:00AM GMT.

 

As well as the normal business conducted at the AGM, the Board is proposing
to:

·    renew the share authorities previously granted in connection with the
ASX Listing;

·    amend the articles of association in connection with the ASX Listing;
and

·    consolidate the Company's ordinary share capital so that every two
existing Ordinary Shares of £0.01 each are consolidated into one Ordinary
Shares of £0.02 each (the "New Ordinary Shares") to meet ASX listing
requirements.

 

The detailed reasons for and background to the resolutions are set out in a
Circular which contains the notice of AGM. The Circular will shortly be
available on the Company's website
https://ctlithium.com/investors/circulars-documents/
(https://ctlithium.com/investors/circulars-documents/) . A letter notifying
Shareholders of the availability of the Circular on the Company's website will
be dispatched to Shareholders later today.

 

Recommendation

The Directors consider all of the proposals to be considered at the AGM
(including the share consolidation) to be in the best interests of the Company
and its Shareholders as a whole and accordingly unanimously recommend that
Shareholders vote in favour of the resolutions to be proposed at the AGM, as
they together with senior management intend to do in respect of their
aggregate holdings of 13,141,932 existing Ordinary Shares representing 7.83
per cent. of the Company's existing share capital.

EXPECTED TIMETABLE OF PRINCIPAL EVENTS
                                                                                         2024
 Publication of the Circular and the Form of Proxy                                       30 October

 Latest time and date for receipt of Forms of Proxy and CREST voting                     11.00 a.m. on 24 November
 instructions
 Time and date of the Annual General Meeting                                             11.00 a.m. on 26 November
 Result of Annual General Meeting announced                                                                   26 November
 Record Date in respect of the Share Consolidation                                       6.00 p.m. on 26 November
 Admission expected to become effective and dealings expected to commence in             8.00 a.m. on 27 November
 the New Ordinary Shares on AIM
 Where applicable, expected date for CREST accounts to be credited in respect            27 November
 of New Ordinary Shares in uncertificated form
 Where applicable, expected date for despatch of definitive certificates for             3 December
 New Ordinary Shares in certificated form

 For further information contact:
 CleanTech Lithium PLC
 Steve Kesler/Gordon Stein/Nick Baxter          Jersey office: +44 (0) 1534 668 321

                                                Chile office: +562-32239222
                                                Or via Celicourt
 Celicourt Communications                       +44 (0) 20 7770 6424

 Felicity Winkles/Philip Dennis/Ali AlQahtani   cleantech@celicourt.uk (mailto:cleantech@celicourt.uk)
 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, OTCQX:CTLHF) is an exploration and
development company advancing lithium projects in Chile for the clean energy
transition. Committed to net-zero, CleanTech Lithium's mission is to become a
new supplier of battery grade lithium using Direct Lithium Extraction
technology powered by renewable energy.

CleanTech Lithium has two key lithium projects in Chile, Laguna Verde and
Viento Andino, and exploration stage projects in Llamara and Arenas Blancas
(Salar de Atacama), located in the lithium triangle, a leading centre for
battery grade lithium production. The two most advanced projects: Laguna Verde
and Viento Andino are situated within basins controlled by the Company,
which affords significant potential development and operational advantages.
All four projects have good access to existing infrastructure.

CleanTech Lithium is committed to utilising Direct Lithium Extraction 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. www.ctlithium.com (http://www.ctlithium.com/)

 

**ENDS**

 

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