The shareholders paid 4.99 cents per share while a further 42 million shares have transitioned from LITCE partly paid shares to LITCF partly paid shares. These have been paid to $0.0101 with $0.0499 remaining unpaid.
More than 120.9 million LITCF shares remain on issue.
Statements will be issued shortly to those shareholders who paid all outstanding amounts on their LITCFs.
The company has requested that ASX change designation of these 3,579,070 LITCF shares to the ASX code LIT.
Field trial update
LIT and its 90%-owned subsidiary Envirostream Australia Pty Ltd’s field testing of fertiliser blends containing manganese micronutrients derived from spent alkaline batteries recycled by Envirostream have demonstrated successful uptake of these micronutrients in a field setting.
The uptake of manganese from the micronutrients being trialled was in line with, or superior to, that for comparable, commercially available treatments.
This result demonstrates that wheat cultivation can benefit from the manganese in fertiliser blends containing the manganese recovered from spent alkaline batteries by Envirostream.