Business
Grant of Performance Rights to Employees
Grant of Performance Rights to Employees.
About this update from Atlantic Lithium Limited.
[{"type":"text","content":"\n\n \n\n\n\n\n Atlantic Lithium Limited 16 August 2024 \n\n \n\n16 August 2024\nGrant of Performance Rights to Employees\n\nThe Board of Atlantic Lithium Limited (AIM: ALL, ASX: A11, GSE: ALLGH, OTCQX: ALLIF, \"Atlantic Lithium\" or the \"Company\"), the African-focused lithium exploration and development company targeting to deliver Ghana's first lithium mine, is pleased to advise the allotment and issue of a combined total of 1,402,492 unlisted performance rights under the Company's Rights Plan to key senior employees involved in the development of the Ewoyaa Lithium Project.\n \nThe performance rights are issued over new ordinary shares for nil consideration. Vesting of the performance rights is subject to performance conditions as set by the Board and the recipient remaining employed by the Company until the end of the measurement period. The measurement period for the performance rights begins on 31 July 2023 and ends on 30 July 2026. The performance rights are being granted under the Company's ASX listing rule 7.1 capacity and shareholder approval is not being sought.\n \nThe Company's Remuneration & Nomination Committee believes that the use of performance rights provides a mechanism to attract, retain and reward employees and aligns the interests of employees with the growth objectives of the Company. \n \n \nFor any further information, please contact:\nAtlantic Lithium Limited\nNeil Herbert (Executive Chairman)\nAmanda Harsas (Finance Director and Company Secretary)\n\n\n\n\n\n\n\nwww.atlanticlithium.com.au\n\n\n\n\n\n\n\[email protected]\n\n\n\n\n\n\n\nTel: +61 2 8072 0640\n\n\n\n\n\n\nSP Angel Corporate Finance LLP\nNominated Adviser\nJeff Keating\nCharlie Bouverat\nTel: +44 (0)20 3470 0470\n\n\n\nYellow Jersey PR Limited\nCharles Goodwin\nBessie Elliot [email protected]\nTel: +44 (0)20 3004 9512\n \n\n\n\nCanaccord Genuity Limited\nFinancial Adviser:\nRaj Khatri (UK) /\nDuncan St John, Christian Calabrese (Australia)\n \nCorporate Broking:\nJames Asensio\nTel: +44 (0) 20 7523 4500\n\n\n \n\n\n\n\n \nNotes to Editors:\n \nAbout Atlantic Lithium\nwww.atlanticlithium.com.au\nAtlantic Lithium is an AIM, ASX, GSE and OTCQX-listed lithium company advancing its flagship project, the Ewoyaa Lithium Project, a significant lith...