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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Cleantech Lithium Plc | LSE:CTL | London | Ordinary Share | JE00BTJ01443 | ORD GBP0.02 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 18.25 | 18.00 | 18.50 | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Chem,fertlizer Minrl Mng,nec | 0 | -5.89M | -0.0701 | -2.60 | 15.32M |
25 November 2024
CleanTech Lithium PLC ("CleanTech Lithium" or the "Company")
Further information re share consolidation
Further to the Notice of AGM announcement on 30 October 2024 CleanTech Lithium confirms that subject to the passing of relevant resolutions at the Company's Annual General Meeting ("AGM") to be held on 26 November 2024 at 11:00AM GMT, every two existing ordinary shares of £0.01 each will be consolidated into one new ordinary share of £0.02 (the "New Ordinary Shares").
The ISIN for the New Ordinary Shares will be JE00BTJ01443 and the SEDOL for the New Ordinary Shares will be BTJ0144.
The detailed reasons for and background to the resolutions are set out in a Circular which contains the notice of AGM available on the Company's website https://ctlithium.com/investors/circulars-documents/.
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2024 |
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Publication of the Circular and the Form of Proxy
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30 October |
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Latest time and date for receipt of Forms of Proxy and CREST voting instructions |
11.00 a.m. on 24 November |
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Time and date of the Annual General Meeting |
11.00 a.m. on 26 November |
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Result of Annual General Meeting announced |
26 November |
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Record Date in respect of the Share Consolidation |
6.00 p.m. on 26 November |
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Admission expected to become effective and dealings expected to commence in the New Ordinary Shares on AIM |
8.00 a.m. on 27 November |
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Where applicable, expected date for CREST accounts to be credited in respect of New Ordinary Shares in uncertificated form |
27 November |
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Where applicable, expected date for despatch of definitive certificates for New Ordinary Shares in certificated form |
3 December |
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ADMISSION STATISTICS |
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Number of Existing Ordinary Shares |
167,889,592 |
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Consolidation ratio of Existing Ordinary Shares to New Ordinary Shares |
2:1 |
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Nominal value of a New Ordinary Share following the Share Consolidation |
£0.02 |
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Number of Existing Ordinary Shares in issue as at the Share Consolidation Record Date |
167,889,592 |
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Number of New Ordinary Shares in issue immediately following the Share Consolidation |
83,944,796 |
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Current ordinary share ISIN |
JE00BPCP3Z37 |
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New Ordinary Share ISIN |
JE00BTJ01443 |
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Current warrant ISIN |
JE00BLFDJM55 |
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New warrant ISIN |
JE00BS0CHP56 |
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For further information contact: |
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CleanTech Lithium PLC |
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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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