24 March 2023
Corporate Update
Director/PDMR Shareholdings
The Board of Atlantic Lithium Limited (AIM: ALL, ASX: A11, OTCQX: ALLIF, "Atlantic Lithium" or the "Company"), the funded African-focussed lithium exploration and development company targeting to deliver Ghana's first lithium mine , wishes to advise that certain Directors and persons discharging managerial responsibilities ("PDMRs") of the Company have purchased in the market a total of 790,137 ordinary shares of no par value each ("Ordinary Shares") at an average price of 26.66p per Ordinary Share, equating to aggregate value of £210,676, as follows:
|
Director / PDMR Role |
Number of Ordinary Shares purchased |
Resultant number of Ordinary Shares beneficially held |
Resultant percentage of issued share capital beneficially held |
|
Mr Len Kolff Interim CEO |
23,508 |
3,030,852 |
0.50% |
|
Ms Amanda Harsas Finance Director & Company Secretary |
766,629 |
1,500,000 |
0.25% |
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM:
|
1. |
Details of the person discharging managerial responsibilities/person closely associated |
|||||
|
a) |
Name: |
Melisa Kolff van Oosterwijk |
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|
2. |
Reason for the notification |
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|
a) |
Position/status: |
PCA of Lennard Kolff van Oosterwijk - Interim CEO / Director |
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|
b) |
Initial notification/Amendment: |
Initial notification |
||||
|
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name: |
Atlantic Lithium Limited |
||||
|
b) |
LEI: |
213800H1JY3J7BB6BN06 |
||||
|
4. |
1. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted. |
|||||
|
a) |
Description of the financial instrument, type of instrument: Identification code: |
Ordinary Shares of
no par
in the Company ISIN: AU0000237554 |
||||
|
b) |
Nature of the transaction: |
Purchase of Ordinary Shares |
||||
|
c) |
Price(s) and volume(s): |
|
||||
|
d) |
Aggregated information: |
N/A |
||||
|
e) |
Date of the transaction: |
20 March 2023 |
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|
f) |
Place of the transaction: |
ASX (A11) |
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NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM:
|
1. |
Details of the person discharging managerial responsibilities/person closely associated |
|||||
|
a) |
Name: |
Amanda Harsas |
||||
|
2. |
Reason for the notification |
|||||
|
a) |
Position/status: |
Finance Director & Company Secretary |
||||
|
b) |
Initial notification/Amendment: |
Initial notification |
||||
|
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name: |
Atlantic Lithium Limited |
||||
|
b) |
LEI: |
213800H1JY3J7BB6BN06 |
||||
|
4. |
1. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted. |
|||||
|
a) |
Description of the financial instrument, type of instrument: Identification code: |
Ordinary Shares of
no par
in the Company ISIN: AU0000237554 |
||||
|
b) |
Nature of the transaction: |
Purchase of Ordinary Shares |
||||
|
c) |
Price(s) and volume(s): |
|
||||
|
d) |
Aggregated information: |
Purchase of 766,629 Ordinary Shares at an average price of GBP0.2666 (AUD0.4873) per Ordinary Share |
||||
|
e) |
Date of the transaction: |
20 & 21 March 2023 |
||||
|
f) |
Place of the transaction: |
ASX (A11) |
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Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
For any further information, please contact:
|
Atlantic Lithium Limited Neil Herbert (Executive Chairman) Amanda Harsas (Finance Director and Company Secretary) IR@atlanticlithium.com.au |
Tel: +61 2 8072 0640 |
|
SP Angel Corporate Finance LLP Nominated Adviser Jeff Keating Charlie Bouverat |
Tel: +44 (0)20 3470 0470 |
|
Canaccord Genuity Limited Joint Company Broker Raj Khatri James Asensio Harry Rees |
Tel: +44 (0) 20 7523 4500 |
|
Liberum Capital Limited Joint Company Broker Scott Mathieson Edward Thomas Kane Collings |
Tel: +44 (0) 20 3100 2000 |
|
Yellow Jersey PR Limited Charles Goodwin
Bessie Elliot |
Tel: +44 (0)20 3004 9512 |
Notes to Editors:
About Atlantic Lithium
Atlantic Lithium is an AIM and ASX-listed lithium company advancing a portfolio of lithium projects in Ghana and Côte d'Ivoire through to production.
The Company's flagship project, the Ewoyaa Project in Ghana, is a significant lithium spodumene pegmatite discovery on track to become Ghana's first lithium-producing mine. The Company signed a funding agreement with Piedmont Lithium Inc. for US$103m towards the development of the Ewoyaa Project. Based on the Pre-Feasibility Study, the Ewoyaa Project has indicated Life of Mine revenues exceeding US$4.84bn, producing a spodumene concentrate via simple gravity only process flowsheet.
Atlantic Lithium holds 560km2 & 774km2 of tenure across Ghana and Côte d'Ivoire respectively, comprising significantly under-explored, highly prospective licences.