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Clean TeQ Provides Notice of Change of Director's Interest - Mr Sam Riggall

MELBOURNE, Australia, Sept. 14, 2020 (GLOBE NEWSWIRE) -- Clean TeQ Holdings Limited (‘Clean TeQ’ or ‘Company’) (ASX/TSX: CLQ; OTCQX:CTEQF) gives notice via the attached Appendix 3Y of on-market acquisitions of shares by Agerasia Pty Ltd as trustee for Agerasia Super Fund - SMSF.

Mr Sam Riggall continues to remain a beneficial holder and controller of shares in Agerasia Pty Ltd.

An updated statutory disclosure is attached for Mr Riggall.

For more information, please contact:

Ben Stockdale, CFO and Investor Relations

+61 3 9797 6700

This announcement is authorised for release to the market by the Board of Directors of Clean TeQ Holdings Limited.

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About Clean TeQ Holdings Limited (ASX/TSX: CLQ) – Based in Melbourne, Australia, Clean TeQ is a global leader in metals recovery and industrial water treatment through the application of its proprietary Clean-iX® continuous ion exchange technology. For more information about Clean TeQ please visit the Company’s website www.cleanteq.com.

About the Clean TeQ Sunrise Project – Clean TeQ is the 100% owner of the Clean TeQ Sunrise Project, located in New South Wales. Clean TeQ Sunrise is one of the largest cobalt deposits outside of Africa, and one of the largest and highest-grade accumulations of scandium ever discovered.

About Clean TeQ Water – Through its wholly owned subsidiary Clean TeQ Water, Clean TeQ is also providing innovative wastewater treatment solutions for removing hardness, desalination, nutrient removal and zero liquid discharge. The sectors of focus include municipal wastewater, surface water, industrial waste water and mining waste water. For more information about Clean TeQ Water please visit www.cleanteqwater.com.

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity

Clean TeQ Holdings Limited

ABN

34 127 457 916

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director

Sam Riggall

Date of last notice

9 September 2020

Part 1 - Change of director’s relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest

Indirect

Nature of indirect interest
(including registered holder)
Note: Provide details of the circumstances giving rise to the relevant interest.

Shares held by Salitter Pty Ltd, Agerasia Pty Ltd and The JTM Foundation are held under HSBC Custody Nominees (Australia) Limited.

Salitter Pty Ltd
Mr Sam Riggall is a director and a shareholder of Salitter Pty Ltd which holds Fully Paid Ordinary Shares in the Company as trustee for The Salitter Trust, of which Mr Riggall is a beneficiary.

Agerasia Pty Ltd
Mr Sam Riggall is a director and a shareholder of Agerasia Ltd which holds Fully Paid Ordinary Shares in the Company as trustee for Agerasia Super Fund - SMSF, of which Mr Riggall is a beneficiary.

The JTM Foundation
Mr Sam Riggall is a director of The JTM Foundation, a private ancillary fund established as a philanthropic trust for the sole purpose of providing grants to eligible charities.

Date of change

08 September 2020

No. of securities held prior to change

Direct

  • 4,879,930 Fully Paid Ordinary Shares

  • 100,757 Unlisted Performance Rights (vesting date 1 January 2021)

  • 142,341 Unlisted Performance Rights (vesting date 1 July 2021)

  • 348,742 Unlisted Performance Rights (vesting date 1 January 2022)

  • 408,117 Unlisted Performance Rights (vesting date 1 July 2022)

  • 1,000,000 Unlisted Options exercisable at $0.53 each (expiring 9 August 2023)

Indirect
Salitter Pty Ltd
14,084,464 Fully Paid Ordinary Shares

Agerasia Pty Ltd
1,681,589 Fully Paid Ordinary Shares

The JTM Foundation
6,270,154 Fully Paid Ordinary Shares

Class

Fully Paid Ordinary Shares

Number acquired

15,346

Number disposed

-

Value/Consideration
Note: If consideration is non-cash, provide details and estimated valuation

$5,074

No. of securities held after change

Direct

  • 4,879,930 Fully Paid Ordinary Shares

  • 100,757 Unlisted Performance Rights (vesting date 1 January 2021)

  • 142,341 Unlisted Performance Rights (vesting date 1 July 2021)

  • 348,742 Unlisted Performance Rights (vesting date 1 January 2022)

  • 408,117 Unlisted Performance Rights (vesting date 1 July 2022)

  • 1,000,000 Unlisted Options exercisable at $0.53 each (expiring 9 August 2023)

Indirect
Salitter Pty Ltd
14,084,464 Fully Paid Ordinary Shares

Agerasia Pty Ltd
1,696,935 Fully Paid Ordinary Shares

The JTM Foundation
6,270,154 Fully Paid Ordinary Shares

Nature of change
Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

On-market acquisition.

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract

N/A

Nature of interest

N/A

Name of registered holder
(if issued securities)

N/A

Date of change

N/A

No. and class of securities to which interest related prior to change
Note: Details are only required for a contract in relation to which the interest has changed

N/A

Interest acquired

N/A

Interest disposed

N/A

Value/Consideration
Note: If consideration is non-cash, provide details and an estimated valuation

N/A

Interest after change

N/A

Part 3 – +Closed period

Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required?

No

If so, was prior written clearance provided to allow the trade to proceed during this period?

N/A

If prior written clearance was provided, on what date was this provided?

N/A