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

Atlantic LithiumAnnouncement

24/03/2023 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230324:nRSX1409Ua&default-theme=true

RNS Number : 1409U  Atlantic Lithium Limited  24 March 2023

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               23,508                             3,030,852                                              0.50%

 Interim CEO

 Ms Amanda Harsas         766,629                              1,500,000                                              0.25%

 Finance Director &

 Company Secretary

 

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
 2.            Reason for the notification
 a)            Position/status:                                              PCA of Lennard Kolff van Oosterwijk - Interim CEO / Director
 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)
                                                                             AUD0.4850  23,508

 
 d)            Aggregated information:                                       N/A

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

 

d)

Aggregated information:

 

N/A

 

e)

Date of the transaction:

20 March 2023

f)

Place of the transaction:

ASX (A11)

 

 

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:  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)
                                                                             AUD0.4866   571,557

                                                                             AUD0.4894   195,072

 
 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)

 

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)

 

 

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                                           Tel: +61 2 8072 0640

 Neil Herbert (Executive Chairman)

 Amanda Harsas (Finance Director and Company Secretary)

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

 IR@atlanticlithium.com.au

 SP Angel Corporate Finance LLP                                     Tel: +44 (0)20 3470 0470

 Nominated Adviser

 Jeff Keating

 Charlie Bouverat

 Canaccord Genuity Limited                                          Tel: +44 (0) 20 7523 4500

 Joint Company Broker

 Raj Khatri

 James Asensio

 Harry Rees

 Liberum Capital Limited                                            Tel: +44 (0) 20 3100 2000

 Joint Company Broker

 Scott Mathieson

 Edward Thomas

 Kane Collings

 Yellow Jersey PR Limited                                           Tel: +44 (0)20 3004 9512

 Charles Goodwin

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

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 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 560km(2) & 774km(2) of tenure across Ghana and
Côte d'Ivoire respectively, comprising significantly under-explored, highly
prospective licences.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHQZLBLXXLXBBD