• Leo Lithium to monetise remaining assets and return net proceeds to shareholders
• $265M dividend payable in mid-October 2025, $65M distribution prior to year-end
• Orderly process to sell Trailing Product Sales Fee (TPSF), net proceeds to be returned to shareholders

Leo Lithium Limited (ASX:LLL) has announced that it will proceed to monetise its remaining assets and return all net proceeds to shareholders to maximise value. The company will return a total of $330 million to shareholders in two tranches prior to the end of 2025. The first tranche will be a $265 million dividend payable in mid-October 2025, comprising a $4.8 million franked dividend and a $260.2 million unfranked dividend. The second tranche will be a $65 million distribution prior to year-end, which is expected to comprise both a capital return and an unfranked dividend. The company will convene a shareholder meeting to obtain approval for the return of capital. Additionally, Leo Lithium will commence an orderly and timely process to sell its sole remaining asset, the Trailing Product Sales Fee (TPSF), with the net proceeds and any surplus cash to be returned to shareholders as a third distribution, likely in the form of a capital return. The company has terminated its previous strategy to acquire an asset and seek relisting on the ASX, as it was unable to secure a transaction that it considered would be in the best interests of shareholders.