Business
Corporate Update - Extension of Option Expiry
Corporate Update - Extension of Option Expiry.
About this update from Atlantic Lithium Limited.
[{"type":"text","content":"\n \n \n \n 13 June 2022\n \n \n \n \n \n \n \n \n \n Corporate Update\n \n \n \n \n \n \n \n \n \n Extension of Option Expiry\n \n \n \n \n \n \n \n \n The Board of\n Atlantic Lithium Limited\n (AIM: ALL, OTC: ALLIF, \"Atlantic Lithium\" or the \"Company\"), the African focused lithium exploration and development company,\n wishes to advise a change of terms for the 12p Share Options expiring 24 June 2022.\n The Board has amended the expiry date of these unlisted 12p Share Options to 31 August 2022.\n \n \n \n \n \n Unlisted Director Options\n \n \n \n \n \n Number of Options Strike Price Original Expiry Date Amended Expiry Date\n \n \n \n \n \n 3,000,000 12 pence 24 June 2022 31 August 2022\n \n \n \n \n \n Unlisted ESOP Options\n \n \n \n \n \n Number of Options Strike Price Original Expiry Date Amended Expiry Date\n \n \n \n \n \n 7,000,000 12 pence 24 June 2022 31 August 2022\n \n \n \n \n \n \n \n \n Related Party Note\n \n \n The following options held by Persons Discharging Managerial Responsibilities (\"PDMR\") or Person Closely Associated (\"PCA\") with them are included in the Director and ESOP Options listed above:\n \n \n \n \n \n \n \n PDMR / PCA\n \n \n \n \n \n \n 12p Director Options\n \n \n \n \n \n \n 12p ESOP Options\n \n \n \n \n \n \n Original Expiry Date\n \n \n \n \n \n \n Amended Expiry Date\n \n \n \n \n \n \n \n Melisa Kolff Van Oosterwijk*\n \n \n \n \n Nil\n \n \n \n \n 3,500,000\n \n \n \n \n 24 June 2022\n \n \n \n \n 31 August 2022\n \n \n \n \n \n \n Kieran Daly\n \n \n \n \n 750,000\n \n \n \n \n Nil\n \n \n \n \n 24 June 2022\n \n \n \n \n 31 August 2022\n \n \n \n \n \n \n Stuart Crow\n \n \n \n \n 750,000\n \n \n \n \n Nil\n \n \n \n \n 24 June 2022\n \n \n \n \n 31 August 2022\n \n \n \n \n \n \n *\n Spouse of Lennard Alexander Kolff Van Oosterwijk, Interim Chief Executive Officer and Director of the Company.\n \n \n \n \n \n The extension of the Director and ESOP Options as set out above to Melisa Kolff Van Oosterwijk, Kieran Daly and Stuart Crow are deemed to be a related party transaction under the AIM Rules for Companies as Kieran Daly and Stuart Crow are Directors of the Company and Melisa Kolff Van Oosterwijk is an associate of a D...