Notice of AGM

CleanTech Lithium PLC

30 October 2024

 

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: [phone] Chile office: [phone]
	Or via Celicourt
Celicourt Communications Felicity Winkles/Philip Dennis/Ali AlQahtani	[phone] [e-mail]
Beaumont Cornish Limited (Nominated Adviser) Roland Cornish/Asia Szusciak	[phone]
Fox-Davies Capital Limited (Joint Broker) Daniel Fox-Davies	[phone] [e-mail]
Canaccord Genuity (Joint Broker) James Asensio	[phone]

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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