REG - CleanTech Lithium - Result of GM, PDMR Shareholdings & TVR
14/12/2023 12:45
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RNS Number : 8713W CleanTech Lithium PLC 14 December 2023
14(th) December 2023
CleanTech Lithium PLC ("CleanTech Lithium" or "CTL" or the "Company")
Result of General Meeting ("GM"), PDMR Shareholdings
and
Total Voting Rights ("TVR")
CleanTech Lithium PLC (AIM:CTL, Frankfurt:T2N, OTCQX:CTLHF), a company
advancing sustainable lithium projects in Chile for the clean energy
transition, announces that at the General Meeting held earlier today all
resolutions, as set out in a circular dated 23 November 2023 relating to the
conditional Placing and the Open Offer to Qualifying Shareholders (the
"Circular") were duly passed.
Open Offer
The Open Offer closed for acceptances at 11.00 a.m. on 13 December 2023.
Although the Open Offer was oversubscribed by 12.5% at approximately
£586,000, the Company was required to scale back valid applications to its
maximum allotment allowance of 2,365,188 Open Offer Shares. As such, the Open
Offer raised gross proceeds of approximately £520,000.
All valid applications for basic entitlements under the Open Offer have been
met in full; excess applications have been scaled back to ensure the maximum
allotment allowance of Open Offer Shares was not exceeded.
Consistent with the terms of the Placing, Open Offer Shares have a warrant
attached in the ratio of one Warrant for every two Open Offer Shares allotted.
Where an odd number of Open Offer Shares were allotted to an applicant, the
warrant entitlement was rounded down. Accordingly, a total of 1,182,577
warrants have been granted in connection with the Open Offer.
Fundraising
The Company has raised total gross proceeds of approximately £8.5 million
from the Open Offer and Fundraising, as described in the "Results of
Fundraising" announcement published on 22 November 2023 and in the Circular.
Result of GM
Details of the results of the poll were as follows:
Resolution In Favour Against Withheld
Votes % Votes % Votes
1 Authority to allot shares 36,945,107 99.67% 121,769 0.33% 948,980
2 Disapplication of pre-emption rights 36,920,388 99.61% 145,743 0.39% 949,725
Aldo Boitano, Chief Executive Officer of CleanTech Lithium Plc, commented:
"Thank you to all our shareholders who participated in the recent Open Offer
and to those who voted at our General Meeting. It is encouraging to see an
active investor base and your continued support is much appreciated as we
develop sustainable lithium projects in Chile. I am particularly pleased that
our Open Offer was oversubscribed, a clear vote of confidence for the
Company's plans in 2024.
We recently hosted a successful visit to Chile with the Board which involved
planning sessions for our 2024 key milestones and a visit to the DLE Pilot
Plant at our Copiapó facility. Shareholders can expect an update on this
soon."
Admission
Application has been made to London Stock Exchange for a total of 24,604,360
Fundraising Shares comprising 22,239,172 Conditional Placing Shares and
2,365,188 Open Offer Shares to be admitted to trading on AIM on or around 8.00
a.m. on 15 December 2023.
PDMR Dealings
As set out in the announcement published on 22 November 2023 and in the
Circular, certain Directors of the Company have agreed to subscribe for the
Conditional Placing Shares. Accordingly, as from Admission, their interests in
Ordinary Shares will be as follows:
Director and position Number of Ordinary Shares held prior to Fundraising Number of Conditional Placing Shares subscribed for Number of Warrants granted in connection with subscription for Conditional Number of Ordinary Shares held following Fundraising % of Enlarged Share Capital Total Number of Open Offer Warrants held
Placing Shares
Steve Kesler, 350,000 368,182 184,091 718,182 0.49% 184,091
Executive Chairman
Gordon Stein, 608,037 113,638 56,819 721,675 0.51% 56,819
Chief Financial Officer
Tommy McKeith, - 454,546 227,273 454,546 0.31% 227,273
Non-Executive Director
Jonathan Morley-Kirk, 340,000 113,638 56,819 453,638 0.31% 56,819
Senior Non-Executive Director
Maha Daoudi, - 279,092 139,546 279,092 0.19% 139,546
Non-Executive Director
The information contained in Appendix 1 below is disclosed in accordance with
Article 19 of UK MAR.
TVR
Following Second Admission, the Company's issued share capital will comprise
145,162,326 Ordinary Shares with voting rights. This figure may be used by
shareholders as the denominator when calculating if they are required to
notify their interest in, or a change to their interest in, the Company under
the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
The Company does not hold any Ordinary Shares in treasury.
Capitalised terms in this announcement have the same meaning as in the
Company's Circular, the "Proposed Placing" announcement published on 21
November 2023 and the "Results of Fundraising" announcement published on 22
November 2023.
**ENDS**
For further information contact:
CleanTech Lithium Plc Jersey office: +44 (0) 1534 668 321
Chile office: +562-32239222
Or via Celicourt
Celicourt Communications (UK) +44 (0) 20 7770 6424
Felicity Winkles/Philip Dennis/Ali AlQahtani cleantech@celicourt.uk
Dr. Reuters IR (Europe) +49 69 1532 5857
Eva Reuters
+1 475 477 9401
Harbor Access (North America)
Jonathan Paterson/Lisa Micali
Beaumont Cornish Limited +44 (0) 20 7628 3396
(Nominated Adviser)
Roland Cornish/Asia Szusciak
Fox-Davies Capital Limited +44 (0) 20 3884 8450
(Joint Broker)
Daniel Fox-Davies daniel@fox-davies.com (mailto:daniel@fox-davies.com)
Canaccord Genuity Limited +44 (0) 207 523 4680
(Joint Broker)
James Asensio
Notes
About CleanTech Lithium
CleanTech Lithium (AIM:CTL, Frankfurt:T2N, OTCQX:CTLHF) is an exploration and
development company advancing sustainable lithium projects in Chile for the
clean energy transition. Committed to net-zero, CleanTech Lithium's mission is
to produce material quantities of battery grade using sustainable Direct
Lithium Extraction technology, powered by renewable energy, the Company plan
to be the leading supplier of 'green' lithium to the EV and battery
manufacturing market.
CleanTech Lithium has four lithium projects - Laguna Verde, Francisco Basin,
Llamara and Salar de Atacama - located in the lithium triangle, the world's
centre for battery grade lithium production. The two major projects: Laguna
Verde and Francisco Basin are situated within basins controlled by the
Company, which affords significant potential development and operational
advantages. All four projects have direct access to existing infrastructure
and renewable power.
CleanTech Lithium is committed to using renewable power for processing and
reducing the environmental impact of its lithium production by utilising
Direct Lithium Extraction. Direct Lithium Extraction is a transformative
technology which removes lithium from brine, with higher recoveries and
purities. The method offers short development lead times, low upfront capex,
with no extensive site construction and no evaporation pond development so
there is no water depletion from the aquifer. www.ctlithium.com
(http://www.ctlithium.com/)
Appendix 1
Notification of Transactions of Directors/Persons Discharging Managerial
Responsibility and Connected Persons
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Steve Kesler
2 Reason for notification
a) Position / status Executive Chairman
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 instrument Ordinary Shares of GBP 0.01
Identification code Warrant over Ordinary Shares of GBP 0.01
ISIN: JE00BPCP3Z37
b) Nature of the transaction Share subscription and grant of warrants
c) Price(s) and volumes(s)
Price(s) Volumes(s)
Ordinary Shares 22p 368,182
Warrants 33p 184,091
d) Aggregated information
Aggregate volume As per 4. c) above
Price(s)
e) Date of the transaction 2023-12-14
f) Place of the transaction Outside a trading venue
d)
Aggregated information
Aggregate volume
Price(s)
As per 4. c) above
e)
Date of the transaction
2023-12-14
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Gordon Stein
2 Reason for notification
a) Position / status Chief Financial Officer
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 instrument Ordinary Shares of GBP 0.01
Identification code Warrant over Ordinary Shares of GBP 0.01
ISIN: JE00BPCP3Z37
b) Nature of the transaction Share subscription and grant of warrants
c) Price(s) and volumes(s)
Price(s) Volumes(s)
Ordinary Shares 22p 113,638
Warrants 33p 56,819
d) Aggregated information
Aggregate volume As per 4. c) above
Price(s)
e) Date of the transaction 2023-12-14
f) Place of the transaction Outside a trading venue
d)
Aggregated information
Aggregate volume
Price(s)
As per 4. c) above
e)
Date of the transaction
2023-12-14
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Tommy McKeith
2 Reason for notification
a) Position / status Non-Executive 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 instrument Ordinary Shares of GBP 0.01
Identification code Warrant over Ordinary Shares of GBP 0.01
ISIN: JE00BPCP3Z37
b) Nature of the transaction Share subscription and grant of warrants
c) Price(s) and volumes(s)
Price(s) Volumes(s)
Ordinary Shares 22p 454,546
Warrants 33p 227,273
d) Aggregated information
Aggregate volume As per 4. c) above
Price(s)
e) Date of the transaction 2023-12-14
f) Place of the transaction Outside a trading venue
d)
Aggregated information
Aggregate volume
Price(s)
As per 4. c) above
e)
Date of the transaction
2023-12-14
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Jonathan Morley-Kirk
2 Reason for notification
a) Position / status Senior Non-Executive 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 instrument Ordinary Shares of GBP 0.01
Identification code Warrant over Ordinary Shares of GBP 0.01
ISIN: JE00BPCP3Z37
b) Nature of the transaction Share subscription and grant of warrants
c) Price(s) and volumes(s)
Price(s) Volumes(s)
Ordinary Shares 22p 113,638
Warrants 33p 56,819
d) Aggregated information
Aggregate volume As per 4. c) above
Price(s)
e) Date of the transaction 2023-12-14
f) Place of the transaction Outside a trading venue
d)
Aggregated information
Aggregate volume
Price(s)
As per 4. c) above
e)
Date of the transaction
2023-12-14
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Maha Daoudi
2 Reason for notification
a) Position / status Non-Executive 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 instrument Ordinary Shares of GBP 0.01
Identification code Warrant over Ordinary Shares of GBP 0.01
ISIN: JE00BPCP3Z37
b) Nature of the transaction Share subscription and grant of warrants
c) Price(s) and volumes(s)
Price(s) Volumes(s)
Ordinary Shares 22p 279,092
Warrants 33p 139,546
d) Aggregated information
Aggregate volume As per 4. c) above
Price(s)
e) Date of the transaction 2023-12-14
f) Place of the transaction Outside a trading venue
d)
Aggregated information
Aggregate volume
Price(s)
As per 4. c) above
e)
Date of the transaction
2023-12-14
f)
Place of the transaction
Outside a trading venue
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