Result of GM, TVR and Options Award
CleanTech Lithium PLC announced that all resolutions passed at its General Meeting, leading to the admission of 55,007,875 new Ordinary Shares to AIM on July 2, 2026, comprising 40,339,576 Conditional Placing Shares, 10,063,749 Retail Offer Shares, and 4,604,550 Subscription Shares. Steve Kesler subscribed for 4,604,550 Subscription Shares at 6p to satisfy amounts owed to him, and following a transfer, will hold 4,963,640 Ordinary Shares, representing 1.37% of the enlarged share capital. The company also awarded 19,966,431 new options under its Share Option Plan, with 18,166,431 options granted to Persons Discharging Managerial Responsibility (PDMRs). Post-admission, the total voting rights will be 362,991,716.
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CleanTech Lithium PLC (AIM: CTL, Frankfurt:T2N), an exploration and development company advancing sustainable lithium projects in Chile, is pleased to announce that all resolutions were passed at the General Meeting ("GM") held earlier today.
Therefore, a total of 55,007,875 new Ordinary Shares comprising 40,339,576 Conditional Placing Shares, 10,063,749 Retail Offer Shares and 4,604,550 Subscription Shares (each as defined in the Company's Circular published on 9 June 2026) (together the "New Ordinary Shares"), for which application has been made, are expected to be admitted to trading on AIM at 8.00 a.m. on 2 July 2026 ("Admission").
As set out in the Circular, Steve Kesler agreed to satisfy amounts owed to him by the Company, being £276,273, by subscribing for 4,604,550 Subscription Shares at the Issue Price. Furthermore, Steve Kesler has notified the Company that he is transferring 359,090 Ordinary Shares for nil consideration from his individual account into a joint account with his wife. Following Admission, Steve Kesler will be interested in 4,963,640 Ordinary Shares representing 1.37 per cent. of the Company's enlarged ordinary share capital following the Admission.
Options Award
Following shareholder approval the Company has today awarded a total of 19,966,431 new options under the Company's existing Share Option Plan. Options are subject to the various conditions set out in paragraph 11 of the Circular. Out of the total amount 18,166,431 options have been awarded to PDMRs with further information set out in the PDMR notification below.
Total voting rights
Following Admission, the Company will have a total of 362,991,716 Ordinary Shares in issue. The Company does not hold any Ordinary Shares in treasury and accordingly as from Admission the total number of voting rights in the Company will be 362,991,716.
With effect from Admission, this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority.
The New Ordinary Shares will, when issued, be credited as fully paid and will rank pari passu in all respects with the existing ordinary shares of the Company.
Notes
Appendix 1
Notifications of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons
| 1. | Details of PDMR / person closely associated with them ("PCA") | |
| a) | Name | Steve Kesler |
| 2. | Reason for the notification | |
| a) | Position / status | Chairman and Non-Executive Director |
| b) | Initial notification / amendment | Initial notification |
| a) | Name | CleanTech Lithium Plc |
| b) | LEI | 213800Y3TN5JQCDA9U59 |
| a) | Description of the financial instrument | Ordinary Shares of GBP 0.02 ISIN: JE00BPCP3Z37 |
| b) | Nature of the transaction | (i) Subscription for Ordinary Shares (ii) Issue of Warrants over Ordinary Shares in connection with Subscription (iii) Transfer of existing Ordinary Shares (iv) Award of Options |
| c) | Price(s) and volume(s) | Price(s) Volume(s) (i) Subscription Shares 6p 4,604,550 (ii) Warrants 9p 2,302,275 (iii) Transfer of existing Ordinary Shares Nil 359,090 (iv) Options 20p 1,000,000 |
| d) | Aggregated information Aggregated volume Price | As above |
| e) | Date of the transaction | 01 July 2026 |
| f) | Place of the transaction | Outside a trading venue |
| 1. | Details of PDMR / person closely associated with them ("PCA") | |
| a) | Name | (i) Ignacio Mehech (ii) Todd Ross (iii) Paul Atherton (iv) Leo Koot (v) Gordin Stein (vi) Dermot Boylan (vii) Alvaro Florez (viii) Jason Baverstock |
| 2. | Reason for the notification | |
| a) | Position / status | (i) Ignacio Mehech CEO, Executive Director (ii) Todd Ross NED (iii) Paul Atherton NED (iv) Leo Koot NED (v) Gordin Stein Chief Financial Officer (Non-Board) (vi) Dermot Boylan Group Financial Controller (Non-Board) (vii) Alvaro Florez Legal Adviser (Non-Board) (viii) Jason Baverstock Executive Strategy & Development (Non-Board) |
| b) | Initial notification / amendment | Initial notification |
| a) | Name | CleanTech Lithium Plc |
| b) | LEI | 213800Y3TN5JQCDA9U59 |
| a) | Description of the financial instrument | Ordinary Shares of GBP 0.02 ISIN: JE00BPCP3Z37 |
| b) | Nature of the transaction | Award of Options under Share Option Plan |
| c) | Price(s) and volume(s) | Price(s) Volume(s) (i) Ignacio Mehech (a) 2p (b) 2p (c) 2p (a) 863,171 (b) 1,200,109 (c) 10,000,000 (ii) Todd Ross 20p 500,000 (iii) Paul Atherton 20p 500,000 (iv) Leo Koot 20p 500,000 (v) Gordin Stein 2p 424,553 (vi) Dermot Boylan 2p 1,261,125 (vii) Alvaro Florez 2p 817,473 (viii) Jason Baverstock 2p 1,100,000 |
| d) | Aggregated information Aggregated volume Price | A total of 15,666,431 Options exercisable at 2p A total of 1,500,000 Options exercisable at 20p |
| e) | Date of the transaction | 01 July 2026 |
| f) | Place of the transaction | Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.