Piedmont Lithium adjourns special shareholder meeting after quorum shortfall
Nasdaq- and ASX-listed Piedmont Lithium has adjourned its 2025 special meeting of stockholders until August 22 after failing to reach the quorum necessary to proceed with a vote on its proposed merger with Sayona.
Despite garnering overwhelming support among those who voted with 97.77% in favour of the merger, only 47.05% of outstanding shares had been cast by the time of the virtual meeting on August 11. The company confirmed that only 48.50% of eligible shares were present or represented by proxy, falling short of the majority required to meet quorum.
“With 47.05% of the shares outstanding and 97.77% of the votes cast in favour of the proposed merger with Sayona, we have seen meaningful progress and continued strong support for the proposal over the last week,” said Piedmont president and CEO Keith Phillips.
“However, the fact remains that we have not received votes from the majority of the shares outstanding needed to approve the transaction. This merger cannot move forward without shareholder approval, and we urge every shareholder that has not yet voted to do so as soon as possible.”
The meeting is set to reconvene virtually on Friday, August 22, at 11:00 ET. Piedmont said the polls remained open and encouraged common shareholders and holders of CHESS Depositary Interests to cast their votes.
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
REELIN is Currently the largest supplier of Bearings to Transnet. We have contracts to supply bearings, draft gears slackadjusters and other...
VISIT SHOWROOM
SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
