Business
Issue of Equity - ESOP Options
Issue of Equity - ESOP Options.
About this update from Atlantic Lithium Limited.
[{"type":"text","content":"\n\n \n\n\n \n\n\n30 August 2023\nGrant of Options Under Employee Share Option Plan\n\nThe Board of Atlantic Lithium Limited (AIM: ALL, ASX: A11, 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 4,650,000 unlisted options to key employees (or their nominees) involved in the development of the Ewoyaa Lithium Project.\nThe options are granted under the Company's Employee Share Option Plan, have an exercise price of 30 pence and an expiry date of 31 August 2025. The options are being granted under the Company's ASX listing rule 7.1 capacity and shareholder approval is not being sought.\nThe Company's Remuneration & Nomination Committee believes that the use of options provides a mechanism to attract, retain and reward employees and aligns the interests of employees with the growth objectives of the Company.\nCommenting, Neil Herbert, Executive Chairman of Atlantic Lithium, said:\n\"Through the introduction of incentives to key members of our team, outside of senior management and Director positions, we hope to more closely align the interests of employees with the long-term growth ambitions of the Company. In doing so, we aim to attract and retain a highly skilled team, without which the success of the Company would not be possible. We are, therefore, pleased to issue these options to employees in recognition of their continued hard work and as an incentive to deliver further value for all stakeholders.\"\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\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 \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\nCompany Broker\nRaj Khatri / James Asensio\nHarry Rees\nTel: +44 (0) 20 7523 4500\n\n\n\n \nNotes to Editors:\n \nAbout Atlantic...