Business
Corporate Update - Issue of Equity
Corporate Update - Issue of Equity.
About this update from Atlantic Lithium Limited.
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n 28 July 2022\n \n \n \n \n \n \n \n \n \n Corporate Update\n \n \n \n \n \n \n \n \n \n Directors Dealings\n \n \n \n \n \n \n \n \n \n Issue of Equity - Exercise of Options\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 funded African-focussed lithium exploration and development company targeting to deliver Ghana's first lithium mine,\n wishes to advise of the allotment and issue of 750,000 ordinary shares of no par value each in the Company (\"Ordinary Shares\") at a price of 12 pence per share as a result of the exercise of unlisted director options (granted on 24th June 2020).\n \n \n \n \n \n Atlantic Lithium's Senior Non-Executive Director Mr Stuart Crow acquired 750,000 new Ordinary Shares at a price of 12p each as a result of exercise of director options for a total consideration of £90,000.\n \n \n \n \n \n Application will be made for the 750,000 Ordinary Shares to be admitted to trading on AIM and admission is expected to take place on or around 4 August 2022 (\"Admission\").\n \n \n \n \n \n On Admission of the 750,000 Ordinary Shares to trading the issued share capital of the Company will comprise 580,791,660 Ordinary Shares. When calculating voting rights, shareholders should use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company.\n \n \n \n \n \n \n NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM:\n \n \n \n \n TABLE 1 - ISSUE OF ORDINARY SHARES\n \n \n \n \n \n \n \n \n 1. \n \n \n \n \n \n \n Details of the person discharging managerial responsibilities/person closely associated\n \n \n \n \n \n \n \n \n a)\n \n \n \n \n \n \n Name:\n \n \n \n \n \n Stuart Crow\n \n \n \n \n \n \n \n 2. \n \n \n \n \n \n \n Reason for the notification\n \n \n \n \n \n \n \n \n a)\n \n \n \n \n \n \n Position/status:\n \n \n \n \n \n Senior Non-Executive Director\n \n \n \n \n \n \n \n b)\n \n \n \n \n \n \n Initial notification/Amendment:\n \n \n \n \n \n Initial notification \n \n \n \n \n \n \n \...