RNS Number : 1826J
Atlantic Lithium Limited
19 May 2025
19 May 2025
Lapse of PDMR Options
The Board of Atlantic Lithium Limited (AIM: ALL, ASX: A11, GSE: ALLGH, OTCQX: ALLIF, "Atlantic Lithium" or the "Company"), the Africa-focused lithium exploration and development company targeting the delivery of Ghana's first lithium mine, provides notice of changes to directors' interests in accordance with listing rule 3.19A.2, and as agent for the following director for the purposes of section 205G of the Corporations Act 2001 (Cth):
- Keith Muller:
o Lapse of 2,000,000 Options over new ordinary shares of no par value each with an exercise price £0.50 which expired on 16 May 2025
Following the lapse of the above options, the number of securities held by Executive Directors of the Company is as follows:
Executive Director
No. of Securities Held
Neil Herbert, Executive Chairman
8,671,522 Ordinary Shares 372,416 Performance Rights1 - vested 1,117,247 Performance Rights2 - vesting date 31 July 2025 1,263,349 Performance Rights2 - vesting date 31 July 2026 1,680,640 Performance Rights2 - vesting date 31 July 2027
Keith Muller, Chief Executive Officer
765,217 Ordinary Shares 653,160 Performance Rights2 - vesting date 31 July 2025 816,450 Performance Rights2 - vesting date 31 July 2026 1,086,128 Performance Rights2 - vesting date 31 July 2027
Amanda Harsas, Finance Director & Company Secretary
4,500,000 Ordinary Shares 229,179 Performance Rights1 - vested 687,537 Performance Rights2 - vesting date 31 July 2025 756,290 Performance Rights2 - vesting date 31 July 2026 1,006,098 Performance Rights2 - vesting date 31 July 2027
1. The vested Performance Rights can be converted to fully paid ordinary shares in the Company (Shares) upon the exercise of the vested Performance Rights by the holders at any time. Notice of vesting has been provided to the Performance Rights holders. The Company will notify the market of the issue of Shares upon exercise of vested Performance Rights.
2. The Performance Rights not yet vested are subject to performance and vesting conditions as set by the Board and approved by Shareholders.
Authorised for release by Amanda Harsas, Finance Director and Company Secretary, Atlantic Lithium Limited.
For any further information, please contact:
Atlantic Lithium Limited
Neil Herbert (Executive Chairman)
Amanda Harsas (Finance Director and Company Secretary)
www.atlanticlithium.com.au
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
Yellow Jersey PR Limited Charles Goodwin Bessie Elliotatlantic@yellowjerseypr.com Tel: +44 (0)20 3004 9512
Canaccord Genuity Limited Financial Adviser: Raj Khatri (UK) / Duncan St John, Christian Calabrese (Australia) Corporate Broking: James Asensio Tel: +44 (0) 20 7523 4500
Notes to Editors:
About Atlantic Lithium
www.atlanticlithium.com.au
Atlantic Lithium is an AIM, ASX, GSE and OTCQX-listed lithium company advancing its flagship project, the Ewoyaa Lithium Project, a significant lithium spodumene pegmatite discovery in Ghana, through to production to become the country's first lithium-producing mine.
The Project was awarded a Mining Lease in October 2023, an Environmental Protection Authority ("EPA") Permit in September 2024, and a Mine Operating Permit in October 2024 and is being developed under an earn-in agreement with Piedmont Lithium Inc.
Atlantic Lithium holds a portfolio of lithium projects within 509km2 and 771km2 of granted and under-application tenure across Ghana and Côte d'Ivoire respectively, which, in addition to the Project, comprises significantly under-explored, highly prospective licences.
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