Result of GM, PDMR Shareholdings & TVR

CleanTech Lithium PLC

14 December 2023

 

14^th December 2023

CleanTech Lithium PLC ("CleanTech Lithium" or "CTL" or the "Company") 

Result of General Meeting ("GM"), PDMR Shareholdings

and

Total Voting Rights ("TVR")

CleanTech Lithium PLC (AIM:CTL, Frankfurt:T2N, OTCQX:CTLHF), a company advancing sustainable lithium projects in Chile for the clean energy transition, announces that at the General Meeting held earlier today all resolutions, as set out in a circular dated 23 November 2023 relating to the conditional Placing and the Open Offer to Qualifying Shareholders (the "Circular") were duly passed.

Open Offer

The Open Offer closed for acceptances at 11.00 a.m. on 13 December 2023. Although the Open Offer was oversubscribed by 12.5% at approximately £586,000, the Company was required to scale back valid applications to its maximum allotment allowance of 2,365,188 Open Offer Shares. As such, the Open Offer raised gross proceeds of approximately £520,000.

All valid applications for basic entitlements under the Open Offer have been met in full; excess applications have been scaled back to ensure the maximum allotment allowance of Open Offer Shares was not exceeded.

Consistent with the terms of the Placing, Open Offer Shares have a warrant attached in the ratio of one Warrant for every two Open Offer Shares allotted. Where an odd number of Open Offer Shares were allotted to an applicant, the warrant entitlement was rounded down. Accordingly, a total of 1,182,577 warrants have been granted in connection with the Open Offer.

Fundraising

The Company has raised total gross proceeds of approximately £8.5 million from the Open Offer and Fundraising, as described in the "Results of Fundraising" announcement published on 22 November 2023 and in the Circular.

Result of GM

Details of the results of the poll were as follows:

Resolution		In Favour		Against		Withheld
		Votes	%	Votes	%	Votes
1	Authority to allot shares	36,945,107	99.67%	121,769	0.33%	948,980
2	Disapplication of pre-emption rights	36,920,388	99.61%	145,743	0.39%	949,725

Aldo Boitano, Chief Executive Officer of CleanTech Lithium Plc, commented: "Thank you to all our shareholders who participated in the recent Open Offer and to those who voted at our General Meeting. It is encouraging to see an active investor base and your continued support is much appreciated as we develop sustainable lithium projects in Chile. I am particularly pleased that our Open Offer was oversubscribed, a clear vote of confidence for the Company's plans in 2024.

We recently hosted a successful visit to Chile with the Board which involved planning sessions for our 2024 key milestones and a visit to the DLE Pilot Plant at our Copiapó facility. Shareholders can expect an update on this soon."

Admission

Application has been made to London Stock Exchange for a total of 24,604,360 Fundraising Shares comprising 22,239,172 Conditional Placing Shares and 2,365,188 Open Offer Shares to be admitted to trading on AIM on or around 8.00 a.m. on 15 December 2023.

PDMR Dealings

As set out in the announcement published on 22 November 2023 and in the Circular, certain Directors of the Company have agreed to subscribe for the Conditional Placing Shares. Accordingly, as from Admission, their interests in Ordinary Shares will be as follows:

Director and position	Number of Ordinary Shares held prior to Fundraising	Number of Conditional Placing Shares subscribed for	Number of Warrants granted in connection with subscription for Conditional Placing Shares	Number of Ordinary Shares held following Fundraising	% of Enlarged Share Capital	Total Number of Open Offer Warrants held
Steve Kesler, Executive Chairman	350,000	368,182	184,091	718,182	0.49%	184,091
Gordon Stein, Chief Financial Officer	608,037	113,638	56,819	721,675	0.51%	56,819
Tommy McKeith, Non-Executive Director	-	454,546	227,273	454,546	0.31%	227,273
Jonathan Morley-Kirk, Senior Non-Executive Director	340,000	113,638	56,819	453,638	0.31%	56,819
Maha Daoudi, Non-Executive Director	-	279,092	139,546	279,092	0.19%	139,546

The information contained in Appendix 1 below is disclosed in accordance with Article 19 of UK MAR.

TVR

Following Second Admission, the Company's issued share capital will comprise 145,162,326 Ordinary Shares with voting rights. This figure may be used by shareholders as the denominator when calculating if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules. The Company does not hold any Ordinary Shares in treasury.

Capitalised terms in this announcement have the same meaning as in the Company's Circular, the "Proposed Placing" announcement published on 21 November 2023 and the "Results of Fundraising" announcement published on 22 November 2023.

**ENDS**

For further information contact:

CleanTech Lithium Plc	Jersey office: [phone] Chile office: [phone]
	Or via Celicourt
Celicourt Communications (UK)	[phone]
Felicity Winkles/Philip Dennis/Ali AlQahtani	[e-mail]
Dr. Reuters IR (Europe) Eva Reuters Harbor Access (North America) Jonathan Paterson/Lisa Micali	[phone] [phone]
Beaumont Cornish Limited (Nominated Adviser) Roland Cornish/Asia Szusciak	[phone]
Fox-Davies Capital Limited (Joint Broker) Daniel Fox-Davies Canaccord Genuity Limited (Joint Broker) James Asensio	[phone] [e-mail] [phone]

Notes

About CleanTech Lithium

CleanTech Lithium (AIM:CTL, Frankfurt:T2N, OTCQX:CTLHF) is an exploration and development company advancing sustainable lithium projects in Chile for the clean energy transition. Committed to net-zero, CleanTech Lithium's mission is to produce material quantities of battery grade using sustainable Direct Lithium Extraction technology, powered by renewable energy, the Company plan to be the leading supplier of 'green' lithium to the EV and battery manufacturing market.

CleanTech Lithium has four lithium projects - Laguna Verde, Francisco Basin, Llamara and Salar de Atacama - located in the lithium triangle, the world's centre for battery grade lithium production. The two major projects: Laguna Verde and Francisco Basin are situated within basins controlled by the Company, which affords significant potential development and operational advantages. All four projects have direct access to existing infrastructure and renewable power.

CleanTech Lithium is committed to using renewable power for processing and reducing the environmental impact of its lithium production by utilising Direct Lithium Extraction. Direct Lithium Extraction is a transformative technology which removes lithium from brine, with higher recoveries and purities. The method offers short development lead times, low upfront capex, with no extensive site construction and no evaporation pond development so there is no water depletion from the aquifer. www.ctlithium.com

Appendix 1

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Steve Kesler
2	Reason for notification
a)	Position / status	Executive Chairman
b)	Initial notification/Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	CleanTech Lithium Plc
b)	LEI	213800Y3TN5JQCDA9U59
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of GBP 0.01 Warrant over Ordinary Shares of GBP 0.01 ISIN: JE00BPCP3Z37
b)	Nature of the transaction	Share subscription and grant of warrants
c)	Price(s) and volumes(s)	Price(s) Volumes(s) Ordinary Shares 22p 368,182 Warrants 33p 184,091
d)	Aggregated information Aggregate volume Price(s)	As per 4. c) above
e)	Date of the transaction	2023-12-14
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Gordon Stein
2	Reason for notification
a)	Position / status	Chief Financial Officer
b)	Initial notification/Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	CleanTech Lithium Plc
b)	LEI	213800Y3TN5JQCDA9U59
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of GBP 0.01 Warrant over Ordinary Shares of GBP 0.01 ISIN: JE00BPCP3Z37
b)	Nature of the transaction	Share subscription and grant of warrants
c)	Price(s) and volumes(s)	Price(s) Volumes(s) Ordinary Shares 22p 113,638 Warrants 33p 56,819
d)	Aggregated information Aggregate volume Price(s)	As per 4. c) above
e)	Date of the transaction	2023-12-14
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Tommy McKeith
2	Reason for notification
a)	Position / status	Non-Executive Director
b)	Initial notification/Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	CleanTech Lithium Plc
b)	LEI	213800Y3TN5JQCDA9U59
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of GBP 0.01 Warrant over Ordinary Shares of GBP 0.01 ISIN: JE00BPCP3Z37
b)	Nature of the transaction	Share subscription and grant of warrants
c)	Price(s) and volumes(s)	Price(s) Volumes(s) Ordinary Shares 22p 454,546 Warrants 33p 227,273
d)	Aggregated information Aggregate volume Price(s)	As per 4. c) above
e)	Date of the transaction	2023-12-14
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jonathan Morley-Kirk
2	Reason for notification
a)	Position / status	Senior Non-Executive Director
b)	Initial notification/Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	CleanTech Lithium Plc
b)	LEI	213800Y3TN5JQCDA9U59
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of GBP 0.01 Warrant over Ordinary Shares of GBP 0.01 ISIN: JE00BPCP3Z37
b)	Nature of the transaction	Share subscription and grant of warrants
c)	Price(s) and volumes(s)	Price(s) Volumes(s) Ordinary Shares 22p 113,638 Warrants 33p 56,819
d)	Aggregated information Aggregate volume Price(s)	As per 4. c) above
e)	Date of the transaction	2023-12-14
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Maha Daoudi
2	Reason for notification
a)	Position / status	Non-Executive Director
b)	Initial notification/Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	CleanTech Lithium Plc
b)	LEI	213800Y3TN5JQCDA9U59
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of GBP 0.01 Warrant over Ordinary Shares of GBP 0.01 ISIN: JE00BPCP3Z37
b)	Nature of the transaction	Share subscription and grant of warrants
c)	Price(s) and volumes(s)	Price(s) Volumes(s) Ordinary Shares 22p 279,092 Warrants 33p 139,546
d)	Aggregated information Aggregate volume Price(s)	As per 4. c) above
e)	Date of the transaction	2023-12-14
f)	Place of the transaction	Outside a trading venue

 

END