REG - Atlantic Lithium Ltd - Corporate Update - Director / PDMR Dealings

Atlantic LithiumAnnouncement

21/12/2023 07:15

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RNS Number : 5953X  Atlantic Lithium Limited  21 December 2023

 

 

21 December 2023

Director/PDMR Dealings

The 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,
wishes to advise that Finance Director and Company Secretary Amanda Harsas, as
a Director and person discharging managerial responsibilities ("PDMR") of the
Company, has purchased in the market a total of 100,000 ordinary shares of no
par value each ("Ordinary Shares"), equating to an aggregate value of A$39,437
(£20,987), 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
 Ms Amanda Harsas                         100,000                              4,300,000                                              0.70%

 Finance Director and Company Secretary

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM:

TABLE 1 - PURCHASE OF ORDINARY SHARES

 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 and 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:  Ordinary Shares of no par in the Company

               Identification code:                                          ISIN: AU0000237554
 b)            Nature of the transaction:                                    Purchase of Ordinary Shares

 c)            Price(s) and volume(s):                                       Price(s)    Volume(s)

                                                                             AUD0.3943   100,000

 d)            Aggregated information:                                       Purchase of 100,000 Ordinary Shares at an average price of GBP0.2098

                                                             (AUD0.3943) per Ordinary Share

 e)            Date of the transaction:                                      20 December 2023
 f)            Place of the transaction:                                     ASX (A11)

d)

Aggregated information:

 

Purchase of 100,000 Ordinary Shares at an average price of GBP0.2098
(AUD0.3943) per Ordinary Share

 

e)

Date of the transaction:

20 December 2023

f)

Place of the transaction:

ASX (A11)

 

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)

   www.atlanticlithium.com.au
   IR@atlanticlithium.com.au
   Tel: +61 2 8072 0640

 

 

 SP Angel Corporate Finance LLP   Yellow Jersey PR Limited                                           Canaccord Genuity Limited

 Nominated Adviser                Charles Goodwin                                                    Financial Adviser:

 Jeff Keating                     Bessie Elliot                                                      Raj Khatri (UK) /

                                atlantic@yellowjerseypr.com (mailto:atlantic@yellowjerseypr.com)

 Charlie Bouverat
                                                                  Duncan St John,

                                Tel: +44 (0)20 3004 9512

 Tel: +44 (0)20 3470 0470
                                                                  Christian Calabrese (Aust)

                                                                                                     Corporate Broking:

                                                                                                     James Asensio

                                                                                                     Tel: +44 (0) 20 7523 4500

 

Notes to Editors:

 

About Atlantic Lithium

www.atlanticlithium.com.au (http://www.atlanticlithium.com.au/)

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 Definitive Feasibility Study for the Project indicates the production of
3.6Mt of spodumene concentrate over a 12-year mine life, making it one of the
top 10 largest spodumene concentrate mines in the world.

The Project, which was awarded a Mining Lease in October 2023, is being
developed under a funding agreement with Piedmont Lithium Inc.

Atlantic Lithium holds 509km(2) and 774km(2) of tenure across Ghana and Côte
d'Ivoire respectively, comprising significantly under-explored, highly
prospective licences.

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