Atlantic Lithium Confirms Scheme Booklet Dispatch Ahead of 14 December Shareholder Vote

Anjali Anand

13 November 2026 10:39 AM AEDT

Atlantic Lithium Confirms Scheme Booklet Dispatch Ahead of 14 December Shareholder Vote

Image Source: Krish Capital Pty Ltd

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Atlantic Lithium Limited (ASX:A11) has confirmed completion of the dispatch of its Scheme Booklet to shareholders and depositary interest holders in connection with the proposed acquisition of the company by Huayou (Hong Kong) Company Limited, a wholly-owned subsidiary of Zhejiang Huayou Cobalt Company Limited, by way of scheme of arrangement.

Key Points

The Scheme Booklet, dated 6 November 2026, has been dispatched to Atlantic Lithium shareholders and depositary interest holders.
The Scheme Meeting is scheduled for 3:00pm (AWST) on 14 December 2026.
The Atlantic Lithium Board unanimously recommends shareholders vote in favour of the Scheme, in the absence of a superior proposal and subject to the independent expert continuing to conclude the Scheme is in shareholders' best interests.
The indicative Implementation Date, subject to Court approval and satisfaction of Conditions Precedent, is 12 January 2027.

Scheme Booklet Dispatch and Board Recommendation

Atlantic Lithium confirmed on 13 November 2026 that the Scheme Booklet, which was registered with ASIC and released on 6 November 2026, has been dispatched to shareholders and depositary interest holders in the manner described in the company's earlier disclosure. The Scheme Booklet contains full details of the proposed scheme of arrangement, including the reasons for the unanimous recommendation of the Atlantic Lithium Board, a copy of the Independent Expert's Report, and the Notice of the Scheme Meeting. Each member of the Board intends to vote any Atlantic Lithium shares held or controlled by them in favour of the Scheme, subject to the same qualifications as the Board's recommendation.

Key Dates in the Scheme Timetable

According to the indicative timetable disclosed in the filing, Atlantic Lithium depositary interest holders must submit voting instructions by 3:00pm (London time) on 8 December 2026, while proxy forms from Atlantic Lithium shareholders must be received by the Australian Principal Registry by 3:00pm (AWST) on 12 December 2026. The Scheme Meeting is set for 3:00pm (AWST) on 14 December 2026. If shareholders approve the Scheme, the Second Court Date is scheduled for 10:00am (AWST) on 17 December 2026, with an Effective Date of 18 December 2026 and a Record Date of 4:00pm (AWST) on 29 December 2026.

Trading Suspension and Implementation Timeline

The filing states that on the Effective Date of 18 December 2026, Atlantic Lithium shares will be suspended from trading on ASX and GSE from close of trading, and that date will be the last day of dealings in and registration of transfers of Atlantic Lithium depositary interests on AIM. Trading on AIM will be suspended from the commencement of trading on Monday 21 December 2026. All dates following the Scheme Meeting are described as indicative only and remain subject to the Court approval process and satisfaction or waiver of the Conditions Precedent to implementation of the Scheme. The indicative Implementation Date is 12 January 2027.

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