- CEO suspended
- Share price falls 18 per cent
CleanTech Lithium (CTL:12p), a lithium company with projects in Chile, has suspended chief executive Aldo Boitano after he failed to disclose a stock lending loan agreement with a financial institution.
Between 8 September 2023 and 6 February 2024, Boitano transferred his entire holding of 9.4mn shares as security to a custodian account nominated by the [undisclosed] lender. Boitano is not able to ascertain the extent to which the shares may have been transferred to a further nominee account in the name of the lender nor the extent to which any shares may have been sold by the lender to third parties.