Announcement • May 18
Zinnwald Lithium Plc, Annual General Meeting, Jun 10, 2026 Zinnwald Lithium Plc, Annual General Meeting, Jun 10, 2026. Location: 22a st jamess square, sw1y 4jh, london United Kingdom Announcement • May 16
AMG Lithium B.V. proposed to acquire remaining 70.7% stake in Zinnwald Lithium Plc (AIM:ZNWD) from a group of shareholders for £42.2 million. AMG Lithium B.V. proposed to acquire remaining 70.7% stake in Zinnwald Lithium Plc (AIM:ZNWD) from a group of shareholders for £42.2 million on May 14, 2026. The consideration consists of 0.65 million common equity of AMG Lithium B.V. at a ratio of 0.001577 per common equity and cash consideration valued at £0.05 per share will be paid by AMG Lithium B.V. Upon completion, AMG Lithium B.V. will own 100% stake in Zinnwald Lithium Plc. The sellers include Anton du Plessis, Cherif Rifaat, Jeremy Martin, Dominik Simler, Peter Secker, Henry Maxey, Mark Tindall and others. The transaction will be financed through internal cash resources.
Upon the completion of the Acquisition, all of the non-executive directors of Zinnwald Lithium (other than Dr. Stefan Scherer) will resign as directors of Zinnwald Lithium with effect from the day immediately after the Effective Date. A termination fee of £1 million is payable by AMG Lithium.
The transaction is subject to approval by regulatory board / committee, approval of offer by target shareholders and listing / approval of new shares on stock exchange. The transaction is expected to complete in third quarter of this year.
David Hart and Liz Kirchner of Allenby Capital Limited acted as financial advisor and fairness opinion provider for Zinnwald Lithium Plc. Jan Skarbek, David Fudge and Dominic King of Europa Partners Limited acted as financial advisor for AMG Lithium B.V. Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisor for AMG Lithium B.V. DWF Law LLP acted as legal advisor for Zinnwald Lithium Plc. New Risk • May 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 9.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€6.4m free cash flow). Earnings have declined by 2.5% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (9.9% average weekly change). Market cap is less than US$100m (UK£46.1m market cap, or US$61.4m). 
