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CleanTech Lithium PLC Notice of Annual General Meeting
CleanTech Lithium PLC (AIM:CTL)(Frankfurt:T2N)(OTCQX:CTLHF) ("CleanTech Lithium" or the "Company"), an exploration and development company advancing sustainable lithium projects in Chile, will hold its Annual General Meeting ("AGM") at the offices of the Company at de Carteret House, 7 Castle Street, St Helier JE2 3BT on 26 November 2024 at 11:00AM GMT
As well as the normal business conducted at the AGM, the Board is proposing to:
renew the share authorities previously granted in connection with the ASX Listing;
amend the articles of association in connection with the ASX Listing; and
consolidate the Company's ordinary share capital so that every two existing Ordinary Shares of £0.01 each are consolidated into one Ordinary Shares of £0.02 each (the "New Ordinary Shares") to meet ASX listing requirements.
The detailed reasons for and background to the resolutions are set out in a Circular which contains the notice of AGM. The Circular will shortly be available on the Company's website https://ctlithium.com/investors/circulars-documents/. A letter notifying Shareholders of the availability of the Circular on the Company's website will be dispatched to Shareholders later today.
Recommendation
The Directors consider all of the proposals to be considered at the AGM (including the share consolidation) to be in the best interests of the Company and its Shareholders as a whole and accordingly unanimously recommend that Shareholders vote in favour of the resolutions to be proposed at the AGM, as they together with senior management intend to do in respect of their aggregate holdings of 13,141,932 existing Ordinary Shares representing 7.83 per cent. of the Company's existing share capital.
EXPECTED TIMETABLE OF PRINCIPAL EVENTS
| 2024 | |||
Publication of the Circular and the Form of Proxy | 30 October | |||
Latest time and date for receipt of Forms of Proxy and CREST voting instructions | 11.00 a.m. on 24 November | |||
Time and date of the Annual General Meeting | 11.00 a.m. on 26 November | |||
Result of Annual General Meeting announced | 26 November | |||
Record Date in respect of the Share Consolidation | 6.00 p.m. on 26 November | |||
Admission expected to become effective and dealings expected to commence in the New Ordinary Shares on AIM | 8.00 a.m. on 27 November | |||
Where applicable, expected date for CREST accounts to be credited in respect of New Ordinary Shares in uncertificated form | 27 November | |||
Where applicable, expected date for despatch of definitive certificates for New Ordinary Shares in certificated form | 3 December | |||
For further information contact: |
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Steve Kesler/Gordon Stein/Nick Baxter | Jersey office: +44 (0) 1534 668 321 Chile office: +562-32239222 |
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| Or via Celicourt |
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| Celicourt Communications Felicity Winkles/Philip Dennis/Ali AlQahtani | +44 (0) 20 7770 6424 |
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| Beaumont Cornish Limited (Nominated Adviser) Roland Cornish/Asia Szusciak | +44 (0) 20 7628 3396 |
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| Fox-Davies Capital Limited (Joint Broker) Daniel Fox-Davies | +44 (0) 20 3884 8450 |
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| Canaccord Genuity (Joint Broker) James Asensio | +44 (0) 20 7523 4680 |
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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, Frankfurt:T2N, OTCQX:CTLHF) 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
**ENDS**
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SOURCE: CleanTech Lithium plc
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