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Arcadium Lithium Plc Reports Significant Changes in CDIs and Share Issuance

Story Highlights
  • Arcadium Lithium Plc operates in the lithium industry, trading on ASX and NYSE.
  • Arcadium reported a net decrease of 20,876,075 CDIs and issued new shares under its incentive plan.
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Arcadium Lithium Plc Chess Depositary Interests Repr 1 Sh ( (AU:LTM) ) has shared an update.

Arcadium Lithium Plc announced a significant change in its Chess Depositary Interests (CDIs) with a net decrease of 20,876,075 CDIs as a result of net transfers between CDIs and ordinary shares on the NYSE. Meanwhile, the company issued new ordinary shares to fulfill obligations related to its Long Term Incentive Plan and conversion of its 2025 Convertible Notes, emphasizing its strategic financial maneuvers to optimize shareholder value.

More about Arcadium Lithium Plc Chess Depositary Interests Repr 1 Sh

Arcadium Lithium Plc operates within the lithium industry, focusing on the production and management of lithium assets. The company is engaged in trading its securities on major exchanges such as ASX and NYSE.

YTD Price Performance: 12.32%

Average Trading Volume: 1,390,392

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: A$9.9B

See more insights into LTM stock on TipRanks’ Stock Analysis page.

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