Zinnwald Lithium plc / EPIC: ZNWD.L / Market: AIM / Sector: Mining
13 June 2023
Zinnwald Lithium plc ("Zinnwald Lithium" or the "Company")
AGM Results
Zinnwald Lithium plc, the German focused lithium development company, announces that at its annual general meeting ("AGM") held earlier today, all resolutions were duly passed, as follows:
| Resolution | Votes for | Votes Against | Approval | Withheld |
| Ordinary Resolutions | Shares | Shares | % | Shares |
| 1. Receive the Annual report and financial statements for the year ended 31 December 2022 | 254,468,997 | 11,207 | 100.0% | 8,492 |
| 2. Re-appoint PKF Littlejohn LLP as auditors | 254,251,495 | 229,197 | 99.9% | 8,004 |
| 3. Authorise Directors to agree and fix auditors' remuneration | 254,331,253 | 150,500 | 99.9% | 6,943 |
| 4. Re-elect Stefan Scherer as Director | 254,275,361 | 146,344 | 99.9% | 66,991 |
| 5. Re-elect Graham Brown as Director | 254,206,213 | 217,492 | 99.9% | 64,991 |
| 6. Re-elect Peter Secker as Director | 253,357,065 | 1,066,640 | 99.6% | 64,991 |
| 7. Authorise the Directors to allot Ordinary Shares | 254,211,609 | 193,268 | 99.9% | 83,819 |
| Special Resolutions |
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| 8. Disapply the statutory pre-emption rights on allotment of shares | 252,255,387 | 1,104,141 | 99.6% | 1,129,168 |
| 9. Authorise the Company to make market purchases to buy-back shares | 254,369,500 | 49,473 | 100.0% | 69,723 |
*ENDS*
For further information visit www.zinnwaldlithium.com or contact:
| Anton du Plessis Cherif Rifaat | Zinnwald Lithium plc | info@zinnwaldlithium.com |
| David Hart Dan Dearden-Williams | Allenby Capital (Nominated Adviser) | +44 (0) 20 3328 5656 |
| Michael Seabrook Adam Pollock | Oberon Capital Ltd (Joint Broker) | +44 (0) 20 3179 5300 |
| Richard Greenfield Charles Bendon | Tamesis Partner LLP (Joint Broker) | +44 (0) 20 3882 2868 |
| Isabel de Salis Paul Dulieu | St Brides Partners (Financial PR) | zinnwald@stbridespartners.co.uk
|
Notes
Zinnwald Lithium plc (EPIC: ZNWD.L) is an AIM quoted, German focused lithium development company focussed on becoming an important supplier to Europe's fast-growing battery sector. The Company owns the Zinnwald Lithium Project in Germany, an advanced development project with attractive economics and approved mining licence. Its PEA, published in September 2022 highlighted the positive economics of the Project with a Pre-tax NPV8 of US$1,605m, IRR of 39.0%, $192m EBITDA and a payback of just 3.3 years. The Project is located in the heart of Europe's chemical and automotive industries and has the potential to be one of Europe's more advanced battery grade lithium projects.
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