TIDMZNWD

RNS Number : 6611A

Zinnwald Lithium PLC

03 February 2022

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

3 February 2022

Zinnwald Lithium plc

("Zinnwald Lithium" or the "Company")

Holding(s) in Company

Zinnwald Lithium plc (AIM: ZNWD), the German focussed lithium development company, has today received a TR-1 notification from G&P GmbH & Co KG ("G&P) regarding its holding in the Company. G&P received its shares as part of the Company's June 2021 acquisition of the 50% share in Deutsche Lithium Gmbh owned by SolarWorld AG. G&P was holding the shares on behalf of creditors of SolarWorld AG and has now distributed these shares to the underlying beneficial recipients as noted in its TR-1 notification to the Company on 22 December 2021. The TR-1 notification received today is set out below without amendment.

TR-1: S tandard form for notification of major holdings

 
 NOTIFICATION OF MAJOR HOLDINGS 
 
 1a. Identity of the issuer or the                                        ZINNWALD LITHIUM PLC 
  underlying issuer of existing shares 
  to which voting rights are attached: 
                                                             --------------------------------------------- 
 1b. Please indicate if the issuer is a non-UK issuer (please mark with 
  an "X" if appropriate) 
 Non-UK issuer 
                                                                                                      ---- 
 2. Reason for the notification (please mark the appropriate box or boxes 
  with an "X") 
 An acquisition or disposal of voting rights                                                            X 
                                                                                                      ---- 
 An acquisition or disposal of financial instruments                                                    X 
                                                                                                      ---- 
 An event changing the breakdown of voting rights 
                                                                                                      ---- 
 Other (please specify) 
                                                                                                      ---- 
 3. Details of person subject to the notification obligation 
 Name                                                         G&P GMBH & CO. KG 
 
                                                               (AS JOINT REPRESENTATIVE OF THE EUR 
                                                               174,844,355.15 SOLARWORLD NOTES DUE 
                                                               2019 (DE000A1YCN14)) 
 City and country of registered office                        MUNICH, GERMANY 
  (if applicable) 
 4. Full name of shareholder(s) (if different from 3.) 
 Name 
                                                             --------------------------------------------- 
 City and country of registered office 
  (if applicable) 
                                                             --------------------------------------------- 
 5. Date on which the threshold was                           1 FEBRUARY 2022 
  crossed or reached: 
                                                             --------------------------------------------- 
 6. Date on which issuer notified (DD/MM/YYYY):               3 FEBRUARY 2022 
                                                             --------------------------------------------- 
 7. Total positions of person(s) subject to the notification obligation 
                              % of voting       % of voting rights     Total of both   Total number 
                            rights attached      through financial      in % (8.A +     of voting rights 
                            to shares (total        instruments             8.B)        of issuer 
                                of 8. A)           (total of 8.B 
                                                     1 + 8.B 2) 
                          ------------------  ----------------------  --------------  -------------------- 
 Resulting situation 
  on the date 
  on which threshold 
  was crossed 
  or reached               0%                  1.68%                   1.68%           293,395,464 
                          ------------------  ----------------------  --------------  -------------------- 
 Position of 
  previous notification 
  (if 
  applicable)              8.00%               N/A                     8.00% 
                          ------------------  ----------------------  --------------  -------------------- 
 
 
 
 8. Notified details of the resulting situation on the date on which the 
  threshold was crossed or reached 
 A: Voting rights attached to shares 
 Class/type of      Number of voting rights                               % of voting rights 
  shares 
  ISIN code (if 
  possible) 
                           Direct                    Indirect                      Direct                  Indirect 
                     (Art 9 of Directive        (Art 10 of Directive         (Art 9 of Directive     (Art 10 of Directive 
                         2004/109/EC)               2004/109/EC)            2004/109/EC) (DTR5.1)        2004/109/EC) 
                           (DTR5.1)                  (DTR5.2.1)                                           (DTR5.2.1) 
                                           ---------------------------- 
 Ordinary Shares 
  GB00BFN4GY99      0                       N/A                           0%                         N/A 
                   ----------------------  ----------------------------  -------------------------  --------------------- 
 
 
 SUBTOTAL 8. A                               0                                                  0% 
                   ----------------------------------------------------  ------------------------------------------------ 
 
 B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC 
  (DTR5.3.1.1 (a)) 
 Type of            Expiration    Exercise/                        Number of voting                  % of voting 
 financial           date          Conversion Period                rights that may                   rights 
 instrument                                                         be acquired if 
                                                                    the instrument 
                                                                    is 
                                                                    exercised/converted. 
                   ------------  -------------------------------  --------------------------------  --------------------- 
 
 
 
                                  SUBTOTAL 8. B 1 
                                 -------------------------------  --------------------------------  --------------------- 
 
 B 2: Financial Instruments with similar economic effect according to 
  Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) 
 Type of       Expiration         Exercise/             Physical or            Number of             % of voting 
 financial      date               Conversion            cash                   voting rights         rights 
 instrument                        Period                settlement 
              -----------------  --------------------  ---------------------  -------------------- 
 Right to 
  recall 
  lent                                                  Physical or 
  shares       31/12/2022         N/A                    cash                  4,938,931             1.68% 
              -----------------  --------------------  ---------------------  -------------------- 
 
 
                                                        SUBTOTAL 8.B.2                               1.68% 
                                                       ---------------------  -------------------- 
 
 
 
 
 9. Information in relation to the person subject to the notification 
  obligation (please mark the 
  applicable box with an "X") 
 Person subject to the notification obligation is not controlled                        X 
  by any natural person or legal entity and does not control any other 
  undertaking(s) holding directly or indirectly an interest in the 
  (underlying) issuer 
 Full chain of controlled undertakings through which the voting rights 
  and/or the 
  financial instruments are effectively held starting with the ultimate 
  controlling natural person or legal entity (please add additional 
  rows as necessary) 
       Name          % of voting rights      % of voting rights       Total of both if 
                       if it equals or        through financial        it equals or is 
                      is higher than the      instruments if it        higher than the 
                     notifiable threshold    equals or is higher     notifiable threshold 
                                             than the notifiable 
                                                  threshold 
                   ----------------------  ---------------------  ------------------------ 
 
 
 
 
 
 
 
 
 
 
 
 
 10. In case of proxy voting, please identify: 
 Name of the proxy holder 
                                           ----------------------------------------------- 
 The number and % of voting rights 
  held 
                                           ----------------------------------------------- 
 The date until which the voting rights 
  will be held 
                                           ----------------------------------------------- 
 
 11. Additional information 
 
 
 
 
 Place of completion   London, United Kingdom 
 Date of completion    3 FEBRUARY 2022 
                      ----------------------- 
 

*S*

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

 
 Anton du Plessis           Zinnwald Lithium plc       info@zinnwaldlithium.com 
                            Allenby Capital Limited 
 David Hart/Liz Kirchner     Nominated Adviser         +44 (0) 20 3328 5656 
 Michael Seabrook           Oberon Capital Ltd 
  Robert Hayward             Broker                    +44 (0) 20 3179 5300 
 Isabel de Salis/Oonagh     St Brides Partners Ltd     info@stbridespartners.co.uk 
  Reidy                      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 100% of the Zinnwald Lithium Project in Germany, a development project with attractive economics and approved mining licence. The Project is located in the heart of Europe's chemical and automotive industries and has the potential to be one of Europe's most advanced battery grade lithium projects.

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February 03, 2022 11:37 ET (16:37 GMT)

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