REG - Zinnwald Lithium PLC - Results of Fundraising

Zinnwald LithiumAnnouncement

Tue 08:45

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250617:nRSQ1626Na&default-theme=true

RNS Number : 1626N  Zinnwald Lithium PLC  17 June 2025

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR
INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH
AFRICA, SINGAPORE OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE
PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT HAS NOT BEEN
APPROVED BY THE LONDON STOCK EXCHANGE, NOR IS IT INTENDED THAT IT WILL BE SO
APPROVED.

 

THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT AN OFFER OF
SECURITIES IN ANY JURISDICTION.

 

PRIOR TO PUBLICATION, THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT WAS
DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE
UK MARKET ABUSE REGULATION. WITH THE PUBLICATION OF THIS ANNOUNCEMENT, THIS
INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

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

17 June 2025

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

 

Results of Fundraising

 

Zinnwald Lithium plc, the German focused lithium development company, is
pleased to announce it has successfully completed a total fundraise of
£3,154,550 (before expenses) at the Issue Price of 5 pence per share pursuant
to the Placing and Subscription announced earlier today (the "Launch
Announcement").

 

AMG have subscribed for 40,000,000 Subscription Shares at the Issue Price to
increase their shareholding to 29.57% of the issued share capital of the
Company as enlarged by the Placing and Subscription (the "Enlarged Share
Capital").  Mark Tindall has subscribed for 8,400,000 Subscription Shares at
the Issue Price to increase his shareholding to 5.24% of the Enlarged Share
Capital. The Subscription has raised a total of £2.42 million (before
expenses) for the Company.

 

A further total of 14,691,000 Placing Shares have been placed at the Issue
Price with institutional and professional investors. As part of the Placing,
Henry Maxey, a 14.62% shareholder, has subscribed for 10,000,000 Placing
Shares, increasing his shareholding based on the Enlarged Share Capital to
14.74%. The Placing has raised a total of £734,550 (before expenses) for the
Company.

 

Oberon Capital and Tamesis Partners acted as joint bookrunners in connection
with the Placing.

 

Application will be made shortly for a total of 63,091,000 new ordinary shares
(comprising 14,691,000 Placing Shares and 48,400,000 Subscription Shares) to
be admitted to trading on AIM ("Admission") and Admission is expected to occur
on or around 24 June 2025.

 

A further announcement setting out, inter alia, the results of the Retail
Offer and the proportion of the enlarged issued share capital of the Company
(following both the Fundraising and the Retail Offer) held by AMG, Mark
Tindall and Henry Maxey will be published shortly after the closing of the
Retail Offer which is expected to take place on 18 June 2025.

 

 

Anton du Plessis, Chief Executive Officer of Zinnwald, commented:

 

"We are delighted to have successfully completed this fundraising,
particularly given the continued challenging market conditions. The strong
support we have received from both existing and new shareholders is a clear
endorsement of our strategy and the long-term value potential of the Zinnwald
Lithium Project. We are especially grateful to our core investors for their
continued confidence in the Company. This funding puts us in a strong position
to continue advancing our work towards delivering a secure and sustainable
lithium supply for Europe."

 

Related party transaction

Henry Maxey is a substantial shareholder in the Company with a beneficial
interest in 14.6% of the Company's current issued share capital. Mr Maxey has
participated in the Placing for 10,000,000 Placing Shares at the Issue Price.
This constitutes a related party transaction pursuant to rule 13 of the AIM
Rules for Companies.

 

The Independent Directors of the Company for the purposes of the Fundraising
(being all the Directors with the exception of Dr Stefan Scherer who is an
appointee of AMG) consider that, having consulted with the Company's Nominated
Adviser, Allenby Capital for the purposes of the AIM Rules, the transaction
between the Company and Henry Maxey is fair and reasonable insofar as the
Company's shareholders are concerned.

 

Capitalised terms used in this announcement shall, unless defined in this
announcement or unless the context provides otherwise, bear the same meaning
ascribed to such terms in the Launch Announcement made by the Company earlier
today.

 

For further information contact:

 

 Anton du Plessis       Zinnwald Lithium plc                         info@zinnwaldlithium.com

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

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

 Adam Pollock           (Joint Broker to the Placing)

 Jessica Cave
 Richard Greenfield     Tamesis Partner LLP                          +44 (0) 20 3882 2868

 Charles Bendon         (Joint Broker to the Placing)
 Isabel de Salis        St Brides Partners Ltd                       info@stbridespartners.co.uk

 Paul Dulieu            (Financial PR)

Notes

 

AIM quoted Zinnwald Lithium plc (EPIC: ZNWD.L) is focused on becoming an
important supplier of lithium hydroxide to Europe's fast-growing battery
sector. The Company owns 100% of the Zinnwald Lithium Project in Germany,
which has an approved mining licence, 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.

 

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  ROISFDSWWEISEDM