REG - Zinnwald Lithium PLC - Result of AGM

Zinnwald LithiumAnnouncement

13/06/2023 10:30

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RNS Number : 5558C  Zinnwald Lithium PLC  13 June 2023

 

Zinnwald Lithium plc / EPIC: ZNWD.L / Market: AIM / Sector: Mining

 

13 June 2023

Zinnwald Lithium plc ("Zinnwald Lithium" or the "Company")

 

AGM Results

 

Zinnwald Lithium plc, the German focused lithium development company,
announces that at its annual general meeting ("AGM") held earlier today, all
resolutions were duly passed, as follows:

 

 Resolution                                                                      Votes for    Votes Against  Approval  Withheld
 Ordinary Resolutions                                                            Shares       Shares         %         Shares
 1.    Receive the Annual report and financial statements for the year ended     254,468,997  11,207         100.0%    8,492
 31 December 2022
 2.    Re-appoint PKF Littlejohn LLP as auditors                                 254,251,495  229,197        99.9%     8,004
 3.    Authorise Directors to agree and fix auditors' remuneration               254,331,253  150,500        99.9%     6,943
 4.    Re-elect Stefan Scherer as Director                                       254,275,361  146,344        99.9%     66,991
 5.    Re-elect Graham Brown as Director                                         254,206,213  217,492        99.9%     64,991
 6.    Re-elect Peter Secker as Director                                         253,357,065  1,066,640      99.6%     64,991
 7.    Authorise the Directors to allot Ordinary Shares                          254,211,609  193,268        99.9%     83,819
 Special Resolutions
 8.    Disapply the statutory pre-emption rights on allotment of shares          252,255,387  1,104,141      99.6%     1,129,168
 9.    Authorise the Company to make market purchases to buy-back shares         254,369,500  49,473         100.0%    69,723

 

 

*ENDS*

 

 For further information visit www.zinnwaldlithium.com or contact:

 

 Anton du Plessis       Zinnwald Lithium plc  info@zinnwaldlithium.com

 Cherif Rifaat
 David Hart             Allenby Capital       +44 (0) 20 3328 5656

 Dan Dearden-Williams   (Nominated Adviser)
 Michael Seabrook       Oberon Capital Ltd    +44 (0) 20 3179 5300

 Adam Pollock           (Joint Broker)
 Richard Greenfield     Tamesis Partner LLP   +44 (0) 20 3882 2868

 Charles Bendon         (Joint Broker)
 Isabel de Salis        St Brides Partners    zinnwald@stbridespartners.co.uk (mailto:zinnwald@stbridespartners.co.uk)

 Paul Dulieu            (Financial PR)

 

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, an advanced development project with attractive
economics and approved mining licence.  Its PEA, published in September 2022
highlighted the positive economics of the Project with a Pre-tax NPV8 of
US$1,605m, IRR of 39.0%, $192m EBITDA and a payback of just 3.3 years.  The
Project is located in the heart of Europe's chemical and automotive
industries and has the potential to be one of Europe's more advanced battery
grade lithium projects.

 

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