Business
Corporate Update - Issue of Equity / PCA Dealings
Corporate Update - Issue of Equity / PCA Dealings.
About this update from Atlantic Lithium Limited.
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n 19 September 2022\n \n \n \n \n \n \n \n \n \n Corporate Update\n \n \n \n \n \n \n \n \n \n Issue of Equity - Exercise of Unlisted Options\n \n \n \n \n \n \n \n \n \n PDMR / PCA Dealings\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 15,500,000 new ordinary shares of no par value each in the Company (\"Ordinary Shares\") as a result of the exercise of unlisted options for a total consideration of\n £2,580,000 (A$4,469,534)\n . Details of the exercised options are:\n \n \n \n \n \n Number of Options Strike Price Grant Date Expiry date\n \n \n \n \n \n 4,500,000 12 pence 24 June 2020 31 December 2022\n \n \n 7,000,000 12 pence 24 June 2020 30 September 2022\n \n \n 4,000,000 30 pence 17 August 2021 31 December 2022\n \n \n \n \n \n On 31 August 2022, 2,250,000 12p unlisted options held by directors and former directors, lapsed and were not exercised. Following this lapse and the exercise of unlisted options above, there are no 12p options on issue.\n \n \n \n \n \n Application will be made for the 15,500,000 new Ordinary Shares to be admitted to trading on AIM and admission is expected to take place on or around 26 September 2022 (\"Admission\").\n \n \n \n \n \n On Admission of the 15,500,000 new Ordinary Shares to trading, the issued share capital of the Company will comprise 605,741,660 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 PDMR / PCA Dealings\n \n \n \n \n \n \n Of the total allotment above, a PCA of\n Lennard Kolff\n van Oosterwijk (\"Mr Kolff\"), Interim CEO and director of the Company,\n acquired 3,500,000 new Ordinary Shares at a price of 12p each as a result of exercise of unlisted options for a total consideration\n of\n £420,000.\n ...