Form 4: Arcadium Lithium Director Coleman Disposes of Shares in Rio Tinto Acquisition

Director Peter John Coleman reports the disposal of Arcadium Lithium shares and restricted stock units following the completion of the acquisition by Rio Tinto.

Summary

• Peter John Coleman, a director of Arcadium Lithium plc, has reported the disposal of 53,632 ordinary shares and 40,786 restricted stock units on March 6, 2025.
• The disposals were a result of the Transaction Agreement between Arcadium, Rio Tinto Western Holdings Limited (Parent), and Rio Tinto BM Subsidiary Limited (Buyers).
• Upon the effective time of the transaction, each share of Arcadium common stock was converted into the right to receive $5.85 per share in cash.
• Similarly, each restricted stock unit was canceled in exchange for the right to receive $5.85 per share subject to the unit award.

Sentiment

Score: 6

Explanation: Neutral sentiment as it reports a completed transaction (acquisition) with a defined cash consideration. The director's disposal of shares is a natural consequence of the acquisition.

Positives

• Shareholders received $5.85 per share in cash as part of the acquisition by Rio Tinto.

Future Outlook

The document does not contain any specific forward-looking statements beyond the completion of the acquisition.

Industry Context

This announcement reflects the ongoing consolidation in the lithium mining industry, with major players like Rio Tinto acquiring companies to secure resources for battery production.

Comparison to Industry Standards

• Acquisition valuations in the lithium sector vary widely depending on the stage of the project, resource size, and geopolitical factors.
• Comparing the $5.85 per share valuation to other recent lithium company acquisitions would require a detailed analysis of Arcadium's assets and financial performance.
• For example, Livent Corporation merged with Allkem to create a new lithium chemicals giant, while other companies like Ganfeng Lithium have been actively acquiring smaller lithium projects.

Key Dates