Zinnwald Lithium PLC, Re

Facts

Zinnwald Lithium Plc, incorporated on 21 June 2017 and admitted to trading on AIM since 21 December 2017, develops a mining project in Saxony, Germany, with the aim of becoming a significant supplier of lithium hydroxide to the European battery sector. It applied for the sanction of a scheme of arrangement under Part 26 of the Companies Act 2006 between the company and the holders of its ordinary penny shares, the purpose of which was to enable AMG Lithium BV, a Netherlands private limited liability company, to acquire the entire issued and to be issued ordinary share capital other than the roughly 29.32 per cent in which the AMG group already held an interest and which was excluded from the scheme. Scheme shareholders were to receive, for each scheme share, 5 pence in cash and 0.001577 of a new ordinary €0.02 share in the ultimate parent, AMG Critical Material NV. On 10 June 2026 ICC Judge Barber gave permission to convene a single physical meeting of the scheme shareholders. That meeting was held on 13 July 2026 at the London offices of DWF Law LLP, chaired by Mr Osman Rifaat, the company's director, CFO and company secretary. Turnout was 17.52 per cent in number and 48.77 per cent in value; the scheme was approved by 74.19 per cent in number and 97.93 per cent in value. No shareholder asked questions at the meeting and no notice of objection was received.