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CTL Cleantech Lithium Plc

18.25
0.00 (0.00%)
13 Dec 2024 - Closed
Delayed by 15 minutes
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

CleanTech Lithium PLC Further information re share consolidation

25/11/2024 5:35pm

RNS Regulatory News


RNS Number : 5795N
CleanTech Lithium PLC
25 November 2024
 

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/.

 

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

 

ADMISSION STATISTICS

Number of Existing Ordinary Shares

167,889,592

Consolidation ratio of Existing Ordinary Shares to New Ordinary Shares

2:1

Nominal value of a New Ordinary Share following the Share Consolidation

£0.02

Number of Existing Ordinary Shares in issue as at the Share Consolidation Record Date

167,889,592

Number of New Ordinary Shares in issue immediately following the Share Consolidation

83,944,796

Current ordinary share ISIN

JE00BPCP3Z37

New Ordinary Share ISIN

JE00BTJ01443

Current warrant ISIN

JE00BLFDJM55

New warrant ISIN 

JE00BS0CHP56



 

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**

 

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