REG - Zinnwald Lithium PLC - Holding(s) in Company

Zinnwald LithiumAnnouncement

18/01/2022 12:10

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220118:nRSR8466Ya&default-theme=true

RNS Number : 8466Y  Zinnwald Lithium PLC  18 January 2022

Zinnwald Lithium plc

 

("Zinnwald Lithium" or the "Company")

 

Holding(s) in Company

 

Zinnwald Lithium plc (AIM: ZNWD), the German focussed lithium development
company, has been informed that M&G plc has an interest in 11,500,000
ordinary shares in the Company, equivalent to 3.92 per cent. of the Company's
current issued share capital.

 

For further information contact:

 

 Anton du Plessis                                 Zinnwald Lithium plc               info@zinnwaldlithium.com
 David Hart/Liz Kirchner                          Allenby Capital Limited            +44 (0) 20 3328 5656

                                                  (Nominated Adviser)
 Mike Seabrook / Robert Hayward / Chris Crawford  Oberon Capital                     +44 (0) 20 3179 5344

                                                  (Joint Broker)                     +44 (0) 20 3179 5315
 James Pope/Andy Thacker                          Turner Pope Investments (TPI) Ltd  +44 (0) 20 3657 0050

                                                  (Joint Broker)
 Isabel de Salis/Frank Buhagiar                   St Brides Partners (Financial PR)  info@stbridespartners.co.uk

Notes

Zinnwald Lithium plc (EPIC: ZNWD.L) is an AIM quoted, German focused lithium
development company focussed on becoming an important supplier
to Europe's fast-growing battery sector. The Company owns the Zinnwald
Lithium Project in Germany, a late-stage development project with attractive
economics and approved mining licence.  A Feasibility Study, published
in June 2019, highlighted a 428m pre-tax NPV, a pre-tax IRR of 27.4% and a
46% EBITDA margin for Zinnwald.  The project is located in the heart
of Europe's chemical and automotive industries and has the potential to be
one of Europe's most advanced battery grade lithium projects.

 

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  HOLUWRURUVUAAAR