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RNS Number : 4956T Atlantic Lithium Limited 20 March 2023
20 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 2,454,677 ordinary shares of no par value each ("Ordinary
Shares") at an average price of 27.34p per Ordinary Share, equating to
aggregate value of £671,231, 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 1,883,177 7,348,892 1.21%
Executive Chairman
Ms Amanda Harsas 571,500 733,371 0.12%
Finance Director &
Company Secretary
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM:
TABLE 1 - ISSUE 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)
AUD0.455 80,492
GBP0.2758 1,802,685
d) Aggregated information: Purchase of 1,883,177 Ordinary Shares at an average price of GBP0.2748
(AUD0.4952) per Ordinary Share
e) Date of the transaction: 16 March 2023
f) Place of the transaction: AIM Market (ALL), ASX (A11)
d)
Aggregated information:
Purchase of 1,883,177 Ordinary Shares at an average price of GBP0.2748
(AUD0.4952) per Ordinary Share
e)
Date of the transaction:
16 March 2023
f)
Place of the transaction:
AIM Market (ALL), ASX (A11)
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM:
TABLE 1 - ISSUE 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 & 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)
AUD0.4731 43,000
GBP0.2675 200,000
AUD0.4885 228,500
GBP0.2700 100,000
d) Aggregated information: Purchase of 571,500 Ordinary Shares at an average price of GBP0.2690
(AUD0.4847) per Ordinary Share
e) Date of the transaction: 16 & 17 March 2023
f) Place of the transaction: AIM Market (ALL), ASX (A11)
d)
Aggregated information:
Purchase of 571,500 Ordinary Shares at an average price of GBP0.2690
(AUD0.4847) per Ordinary Share
e)
Date of the transaction:
16 & 17 March 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 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.
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