RE: Rns re takeover14 May 2026 18:39
The boards of AMG, AMG Lithium and the Independent Directors of Zinnwald Lithium are pleased to announce that
they have reached agreement on the terms and conditions of a recommended cash and share acquisition by AMG
Lithium for the entire issued, and to be issued, ordinary share capital of Zinnwald Lithium not already directly or
indirectly owned by AMG Lithium (the "Acquisition"). As at 13 May 2026 (being the Latest Practicable Date), AMG
Lithium owned or controlled 158,996,738 Zinnwald Lithium Shares, representing approximately 29.32 per cent. of
Zinnwald Lithium's issued ordinary share capital as at the close of business on such date.
· Under the terms of the Acquisition, which will be subject to the Conditions and further terms set out in Appendix I
and the full terms and conditions to be set out in the Scheme Document, each Zinnwald Lithium Shareholder
(excluding AMG Lithium) will be entitled to receive:
for each Zinnwald Lithium Share: 5.0 pence in cash; and
· 0.001577 New AMG Shares