REG - CleanTech Lithium - Notice of General Meeting and Posting of Circular

Cleantech LithiumAnnouncement

04/03/2025 17:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250304:nRSD3372Za&default-theme=true

RNS Number : 3372Z  CleanTech Lithium PLC  04 March 2025

 

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, NEW
ZEALAND, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH
RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

 

CleanTech Lithium PLC

 ("CleanTech Lithium" or the "Company")

Notice of General Meeting and Posting of Circular

 

4 March 2025 - CleanTech Lithium (AIM: CTL), an innovative sustainable lithium
developer in Chile, is pleased to announce that it is today posting a circular
to Shareholders, including a notice of general meeting (the "Circular"). The
general meeting will be held at the offices of the Company at de Carteret
House, 7 Castle Street, St Helier JE2 3BT on 24 March 2025 at 11:00AM GMT
(the "General Meeting").

 

On 11 February 2025 the Company announced that it raised £2.4 million (before
expenses) by way of a placing of 15,000,000 new ordinary shares (the
"Placing") at a price of 16 pence per share (the "Issue Price").

 

In addition to the Placing, the Company also announced that it had granted an
option to Fox-Davies Capital Limited (the "Broker Option") and subsequently
launched a retail offer via BookBuild to existing Shareholders of the Company
(the "Retail Offer") pursuant to which in aggregate up to a further £2
million could be raised by the Company by the issue of ordinary shares ("New
Ordinary Shares") at the Issue Price.

 

At the General Meeting, the Board is seeking Shareholder approval to:

·      authorise the Directors to allot shares in relation to the Broker
Option, the Retail Offer, the attached warrants and the warrants granted to
Fox-Davies Capital Limited on a non-pre-emptive basis;

·      renew the Company's existing general share authorities;

·      permit the use of purely electronic communications with
Shareholders; and

·      adopt amended articles of association.

The detailed reasons for and background to the resolutions are set out in the
Circular. 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.

 

Proposed amendments to the Articles

The Company is proposing to adopt an amended set of articles of association,
so as to allow shareholder communications via electronic means, such as email,
website postings, or RNS, rather than by post. Shareholders will be notified
that unless they actively request postal delivery, they will receive documents
electronically by default. The proposed amendments also include a reduction to
the deemed notice periods where notices are given by hard copy mail. These
changes aim to improve efficiency, reduce costs, be more environmentally
friendly, and speed up formal communications. The resolutions include adopting
the revised articles of association and authorising electronic-only
communication in compliance with AIM Rules. Further details are available in
the notice of General Meeting.

 

 

 

EXPECTED TIMETABLE OF PRINCIPAL EVENTS

 Publication of the Circular                                                    4 March 2025
 Result of Broker Option and Retail Offer announced                             10 March 2025
 Latest time and date for receipt of CREST voting instructions                  11.00 a.m. on 20 March 2025
 Latest time and date for receipt of Forms of Proxy                             11.00 a.m. on 22 March 2025
 General Meeting                                                                11.00 a.m. on 24 March 2025
 Result of the General Meeting announced                                        24 March 2025
 Admission and dealings in the New Ordinary Shares expected to commence on AIM  25 March 2025
 Where applicable, expected date for CREST accounts to be credited in respect   25 March 2025
 of New Ordinary Shares and attached warrants in uncertificated form
 Where applicable, expected date for despatch of definitive certificates for    within 14 days of Admission
 New Ordinary Shares and attached warrants 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: +56 9 312 00081
                                                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) 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**

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NOGBLGDXDSGDGUS