THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS
RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN
WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE
UNITED STATES, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND, THE REPUBLIC
OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE,
PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.
CleanTech Lithium
PLC
("CleanTech Lithium" or
the "Company")
Notice of General Meeting and
Posting of Circular
4 March 2025 - CleanTech Lithium
(AIM: CTL), an innovative sustainable lithium developer in
Chile, is pleased to announce that it is
today posting a circular to Shareholders, including a notice of
general meeting (the "Circular"). The general
meeting will be held at the offices of the
Company at de Carteret House, 7 Castle
Street, St Helier JE2 3BT on 24 March 2025
at 11:00AM GMT (the "General
Meeting").
On 11 February 2025 the Company
announced that it raised £2.4 million (before expenses) by way of a
placing of 15,000,000 new ordinary shares (the "Placing") at a
price of 16 pence per share (the "Issue Price").
In addition to the Placing, the
Company also announced that it had granted an option to
Fox-Davies Capital Limited (the "Broker
Option") and subsequently launched a retail offer via BookBuild to
existing Shareholders of the Company (the "Retail Offer") pursuant
to which in aggregate up to a further £2 million could be raised by
the Company by the issue of ordinary shares ("New Ordinary Shares")
at the Issue Price.
At the General Meeting, the Board is
seeking Shareholder approval to:
· authorise the Directors to allot shares in relation to the Broker Option, the Retail Offer, the
attached warrants and the warrants granted to Fox-Davies Capital
Limited on a non-pre-emptive basis;
· renew
the Company's existing general share authorities;
· permit
the use of purely electronic communications with Shareholders;
and
· adopt
amended articles of association.
The detailed reasons for and
background to the resolutions are set out in the Circular. 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.
Proposed amendments to the
Articles
The Company is proposing to adopt an
amended set of articles of association, so as to allow shareholder
communications via electronic means, such as email, website
postings, or RNS, rather than by post. Shareholders will be
notified that unless they actively request postal delivery, they
will receive documents electronically by default. The proposed
amendments also include a reduction to the deemed notice periods
where notices are given by hard copy mail. These changes aim to
improve efficiency, reduce costs, be more environmentally friendly,
and speed up formal communications. The resolutions include
adopting the revised articles of association and authorising
electronic-only communication in compliance with AIM Rules. Further
details are available in the notice of General Meeting.
EXPECTED TIMETABLE OF
PRINCIPAL EVENTS
|
Publication of the
Circular
|
4 March
2025
|
|
Result of Broker Option and Retail
Offer announced
|
10 March
2025
|
|
Latest time and date for receipt of
CREST voting instructions
|
11.00 a.m.
on 20 March 2025
|
|
Latest time and date for receipt of
Forms of Proxy
|
11.00 a.m.
on 22 March 2025
|
|
General Meeting
|
11.00 a.m.
on 24 March 2025
|
|
Result of the General Meeting
announced
|
24 March
2025
|
|
Admission and dealings in the New
Ordinary Shares expected to commence on AIM
|
25 March
2025
|
|
Where applicable, expected date for
CREST accounts to be credited in respect of New Ordinary Shares and
attached warrants in uncertificated form
|
25 March
2025
|
|
Where applicable, expected date for
despatch of definitive certificates for New Ordinary Shares and
attached warrants in certificated form
|
within 14
days of Admission
|
|
For
further information contact:
|
|
|
CleanTech Lithium PLC
|
|
|
Steve Kesler/Gordon Stein/Nick
Baxter
|
Jersey office: +44 (0) 1534 668
321
Chile office: +56 9 312
00081
|
|
|
Or via Celicourt
|
|
Celicourt Communications
Felicity Winkles/Philip Dennis/Ali
AlQahtani
|
+44 (0) 20 7770 6424
cleantech@celicourt.uk
|
|
Beaumont Cornish Limited (Nominated Adviser)
Roland Cornish/Asia
Szusciak
|
+44 (0) 20 7628 3396
|
|
Fox-Davies Capital Limited (Joint Broker)
Daniel Fox-Davies
|
+44 (0) 20 3884 8450
daniel@fox-davies.com
|
|
Canaccord Genuity (Joint Broker)
James Asensio
|
+44 (0) 20 7523 4680
|
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) 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**
