REG - Atlantic Lithium Ltd - Director/PDMR Dealings

Atlantic LithiumAnnouncement

09/08/2023 09:45

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RNS Number : 7982I  Atlantic Lithium Limited  09 August 2023

09 August 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 Executive Chairman Neil Herbert and Finance Director and
Company Secretary Amanda Harsas, as Directors and persons discharging
managerial responsibilities ("PDMR") of the Company, have purchased in the
market a total of 490,000 ordinary shares of no par value each ("Ordinary
Shares"), equating to an aggregate value of £84,659, 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 Neil Herbert                          290,000                              7,638,892                                              1.25%

 Executive Chairman
 Ms Amanda Harsas                         200,000                              4,200,000                                              0.69%

 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:                                                         Neil Herbert
 2.            Reason for the notification
 a)            Position/status:                                              Executive Chairman
 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)

                                                                             17.2 pence   290,000

 d)            Aggregated information:                                       Purchase of 290,000 Ordinary Shares at an average price of 17.2 pence per

                                                             Ordinary Share

 e)            Date of the transaction:                                      08 August 2023
 f)            Place of the transaction:                                     AIM Market (ALL)

d)

Aggregated information:

 

Purchase of 290,000 Ordinary Shares at an average price of 17.2 pence per
Ordinary Share

 

e)

Date of the transaction:

08 August 2023

f)

Place of the transaction:

AIM Market (ALL)

 

 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)

                                                                             17.19 pence   150,000

                                                                             AUD0.35       50,000
 d)            Aggregated information:                                       Purchase of 200,000 Ordinary Shares at an average price of 17.4 pence

                                                             (AUD0.3388) per Ordinary Share

 e)            Date of the transaction:                                      08 & 09 August 2023
 f)            Place of the transaction:                                     AIM Market (ALL), ASX (A11)

d)

Aggregated information:

 

Purchase of 200,000 Ordinary Shares at an average price of 17.4 pence
(AUD0.3388) per Ordinary Share

 

e)

Date of the transaction:

08 & 09 August 2023

f)

Place of the transaction:

AIM Market (ALL), 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                                                    Company Broker

 Jeff Keating                     Bessie Elliot                                                      Raj Khatri / James Asensio

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

 Charlie Bouverat
                                                                  Harry Rees

                                Tel: +44 (0)20 3004 9512

 Tel: +44 (0)20 3470 0470
                                                                  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 Company signed a funding agreement with Piedmont
Lithium Inc. towards the development of the Ewoyaa Project. Atlantic Lithium
is currently advancing the Ewoyaa Project through feasibility studies and
intends to be producing a spodumene concentrate via simple gravity only
process flowsheet.

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

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