First Phase of the Financing Arrangement Completed between Keliber and Sibanye-Stillwater
Keliber Oy and Sibanye Stillwater Limited (“Sibanye-Stillwater”) agreed on a 40-million-euro financing arrangement in February 2021. The first phase of the arrangement has now been completed as Sibanye-Stillwater has subscribed for shares for 15 million euros. A share issue to Keliber's current shareholders has also been opened.
Based on the authorisation of the Extraordinary General Meeting of Keliber Oy on 16 March 2021, the Board of Directors of Keliber decided the same day on a directed share issue to Sibanye-Stillwater. The number of new shares issued is 375 000 and the subscription price 40 euros per share. Sibanye-Stillwater has now subscribed and paid for the shares for a total amount of 15 million euros.
At the same time, a share issue of up to 250 000 shares was opened to the current shareholders of Keliber, facilitating an additional total proceeds of up to 10 million euros.
The Extraordinary General Meeting also resolved on the appointment of new board members: Richard Stewart and Robert Van Niekerk from Sibanye-Stillwater’s Executive Committee will join the Keliber Board of Directors.
The changes will be registered in the Trade Register as soon as possible.
For more information, please contact
Riku Sauso, Chief Financial Officer, Keliber, mobile +358 50 354 1133
Keliber is a European, Finnish special chemical and mining company with the aim of producing sustainable, high-purity, battery-grade lithium hydroxide for the growing lithium battery industry in 2024 by utilizing own ore. www.keliber.fi