30 October
2024
CleanTech Lithium PLC ("CleanTech
Lithium" or the "Company")
Notice of Annual General
Meeting
CleanTech Lithium PLC (AIM:CTL,
Frankfurt:T2N, OTC:CTLHF), 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:
|
|
|
CleanTech Lithium PLC
|
|
|
Steve Kesler/Gordon Stein/Nick
Baxter
|
Jersey office: +44 (0) 1534 668
321
Chile office:
+562-32239222
|
|
|
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,
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**