Announcement • Jul 27
AMG Lithium B.V. completed the acquisition of the remaining 70.7% stake in Zinnwald Lithium Plc (AIM:ZNWD) from a group of shareholders. 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. The Acquisition is being implemented by way of a Court-sanctioned scheme of arrangement. As of July 13, 2026, the Scheme was approved by the requisite majority of Scheme Shareholders at the Court Meeting and the Special Resolution relating to the implementation of the Scheme was approved by the requisite majority of Zinnwald Lithium Shareholders. On 23 July 2026, the Court sanctioned the Scheme at the Sanction Hearing.
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. As of July 13, 2026, the expected completion of the Acquisition will take place on July 27, 2026.
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. John Campion, Jemil Visram, Feras Alobaidli and Adrianna Zawilska of DWF Law LLP acted as legal advisor for Zinnwald Lithium Plc.
AMG Lithium B.V. completed the acquisition of the remaining 70.7% stake in Zinnwald Lithium Plc (AIM:ZNWD) from a group of shareholders on July, 27, 2026. Zinnwald Lithium is pleased to announce that, following the delivery of a copy of the Court Order to the Registrar of Companies today, the Scheme has now become Effective in accordance with its terms and the entire issued ordinary share capital of Zinnwald Lithium is now owned by AMG and AMG Lithium. As a result of the Scheme having become Effective, share certificates in respect of Scheme Shares will cease to be valid documents of title and entitlements to Scheme Shares held in uncertificated form in CREST will be cancelled. Dealings in Zinnwald Lithium Shares were suspended with effect on July 27, 2026. An application has been made to the London Stock Exchange for the cancellation of the admission to trading of Zinnwald Lithium Shares on AIM, which is expected to take effect from July 28, 2026. It is expected that the New AMG Shares will be issued and admitted to trading on the Euronext Amsterdam by July 29, 2026. 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 15
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. 
