Arcadium Lithium plc (NYSE: ALTM, ASX: LTM) by Rio Tinto, which was originally announced on 9 October 2024. These approvals include, among others, clearance under applicable merger control laws in various jurisdictions (including in Australia, Canada, China, Japan, South Korea, the United Kingdom and the United States under the Hart-Scott-Rodino Antitrust Improvements Act of 1976). Other approvals have also been fulfilled on the basis of investment screening in Australia, Canada, Italy, the United Kingdom and the United States, via the Committee on Foreign Investment in the United States (CFIUS). This is a major development in the transaction, putting it on the path to being finalized.
The sanction hearing for the Royal Court of Jersey (the “Court”) to hear Arcadium Lithium’s application to sanction the scheme of arrangement under Part 18A of the Companies (Jersey) Law 1991 has been set on March 5, 2025 at 5:00 a.m. EST (9:00 p.m. AEDT), with closing of the Transaction expected to occur shortly thereafter on March 6, 2025.
Arcadium Lithium shareholders are entitled to attend and be heard at the Court hearing, either in person or through a Jersey advocate, to support or oppose the Scheme. The Court’s address is Royal Court House, Royal Square, St Helier, Jersey JE1 1JG and its telephone number is +44 1534 441 300. Arcadium Lithium shareholders may also submit written statements regarding the Scheme for the Court’s consideration. Such statements can be made either: (i) by email sent to ArcadiumScheme@ogier.com; or (ii) in writing, addressed to Arcadium Scheme Correspondence, c/o Ogier (Jersey) LLP, 3rd Floor, 44 Esplanade, St Helier, Jersey, JE4 9WG.
In connection with completion of the Transaction, Arcadium’s shares and CHESS Depositary Receipts (CDIs) will be delisted from the New York Stock Exchange (NYSE) and the Australian Securities Exchange (ASX) respectively.
