REG - CleanTech Lithium - Result of AGM, Share Consolidation and TVR

Cleantech LithiumAnnouncement

26/11/2024 15:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20241126:nRSZ7374Na&default-theme=true

RNS Number : 7374N  CleanTech Lithium PLC  26 November 2024

26 November 2024

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

Result of AGM, Share Consolidation and TVR

 

 

CleanTech Lithium PLC (AIM:CTL), an exploration and development company
advancing next-generation sustainable lithium projects in Chile for the EV
transition, is pleased to announce that at the Annual General Meeting ("AGM")
held earlier today all resolutions were duly passed.

 

Share Consolidation

As a result of Resolution 9 having been passed at the AGM, shareholders have
approved the share consolidation and every two existing ordinary shares
of £0.01 each ("Existing Ordinary Shares") will be consolidated into one
new ordinary share of £0.02 (the "New Ordinary Shares") (the "Share
Consolidation"). As at the Record Date, being 6.00 p.m. on 26 November 2024,
the 167,889,592 Existing Ordinary Shares will be consolidated into 83,944,796
New Ordinary Shares.

 

Application has been made to the London Stock Exchange for 83,944,796 New
Ordinary Shares to be admitted to trading on AIM. It is expected that trading
in the New Ordinary Shares will commence at 8:00 am tomorrow that is on
Wednesday 27 November 2024 under new ISIN JE00BTJ01443 and SEDOL BTJ0144.
CREST accounts will be updated on 27 November 2024.

 

Total Voting Rights

Following the Share Consolidation, the Company's total issued share capital
will comprise 83,944,796 New Ordinary Shares of £0.02 each with voting
rights. The Company does not hold any shares in treasury. As such, the total
number of voting rights in the Company following the Share Consolidation will
be 83,944,796.

 

Capitalised terms used in this announcement and not separately defined shall
have the meaning given to them in the circular which contains the AGM Notice
https://ctlithium.com/investors/circulars-documents/
(https://ctlithium.com/investors/circulars-documents/)

 

For further information please visit https://ctlithium.com/
(https://ctlithium.com/)

 

 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) 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  RAGEALFKASXLFFA