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

Director John Stephen Morris Turner reports the disposal of Arcadium Lithium shares and restricted stock units following the acquisition by Rio Tinto, with shareholders receiving $5.85 per share.

Summary

• Director John Stephen Morris Turner reported the disposal of 100,075 ordinary shares of Arcadium Lithium plc on March 6, 2025.
• The disposal was a result of the acquisition of Arcadium Lithium by Rio Tinto.
• According to the Transaction Agreement dated October 9, 2024, each share was converted into the right to receive $5.85 in cash.
• Turner also disposed of 40,786 shares related to restricted stock units, which were canceled in exchange for the same $5.85 per share consideration.
• 5,000 shares held indirectly by 2713104 Ontario Inc. were also disposed of.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The document reports the completion of an acquisition, which provides a defined return for shareholders. The sentiment is not extremely positive as it marks the end of Arcadium Lithium as an independent entity.

Positives

• Shareholders received $5.85 per share in cash as part of the acquisition by Rio Tinto, providing a defined return on their investment.

Future Outlook

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

Industry Context

This announcement reflects the trend of consolidation in the lithium mining industry, with larger companies like Rio Tinto acquiring smaller players to secure resources and expand their presence in the electric vehicle battery supply chain.

Comparison to Industry Standards

• Acquisition prices in the lithium sector vary widely depending on the stage of the project, resource size, and geopolitical factors.
• Comparing the $5.85 per share acquisition price to other recent lithium company acquisitions would require a detailed analysis of the specific assets and market conditions at the time of each transaction.
• For example, mergers between equals such as Allkem and Livent to form Arcadium Lithium, create larger more competitive players.
• The acquisition of smaller players by larger companies such as Rio Tinto is a common strategy in the mining industry to secure resources and expand market share.

Stakeholder Impact

• Shareholders received $5.85 per share in cash.
• Employees may experience changes as the company integrates into Rio Tinto.

Key Dates