REG - Atlantic Lithium Ltd - TR-1 Notification of Major Holdings
05/11/2024 07:00
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RNS Number : 9161K Atlantic Lithium Limited 05 November 2024
5 November 2024
TR-1 Notification of Major Holdings
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,
wishes to announce that the Company has received the following TR-1
notification from major shareholder Assore International Holdings Limited
("Assore").
The notification reflects Assore's shareholding in the Company changing over a
percentage threshold resulting from the admission to trading of the Tranche 1
Shares issued in line with the Company's successful Equity Placing (refer
announcement of 25 October 2024).
The voting rights of Assore currently sit at 27.16% of the total issued
capital of the Company.
Revised Shareholdings Following Equity Placing
Following the issue of Tranche 1 and Tranche 2 Shares, as detailed further in
the announcement of 25 October 2024, the revised shareholdings of Assore and
the Participating Directors will be as follows:
Current Shareholding(1) Percentage of Issued Share Capital(1) Subscription for Tranche 2 Shares Resultant Shareholding after Tranche 2 Shares issued(2) Percentage of enlarged Issued Share Capital(2)
Assore International Holdings Limited 179,025,852 27.16%* 32,775,013 211,800,865 30.56%
Neil Herbert 8,106,305 1.23%* 565,217 8,671,522 1.25%
Keith Muller 200,000 0.03% 565,217 765,217 0.11%
Edward Koranteng Nil 0.00% 130,435 130,435 0.02%
(1) Following issue of Tranche 1 Shares
(2) Following issue of Tranche 2 Shares, conditional on shareholder approval
at the Company's Annual General Meeting to be held on 29 November 2024
(*) Amended from announcement of 25 October 2024
The above table includes two amendments to the percentage of issued share
capital in respect of Assore and Neil Herbert, which were calculated
erroneously in the announcement of 25 October 2024.
Authorised for release by Amanda Harsas, Finance Director and Company
Secretary, Atlantic Lithium Limited.
TR-1: Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the
FCA in Microsoft Word format if possible) (i)
1a. Identity of the issuer or the underlying issuer of existing shares to Atlantic Lithium Limited
which voting rights are attached (ii):
1b. Please indicate if the issuer is a non-UK issuer (please mark with an
"X" if appropriate)
Non-UK issuer X
2. Reason for the notification (please mark the appropriate box or boxes with
an "X")
An acquisition or disposal of voting rights
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights X
Other (please specify) (iii):
3. Details of person subject to the notification obligation (iv)
Name Assore International Holdings Limited
City and country of registered office (if applicable) Winchester, United Kingdom
4. Full name of shareholder(s) (if different from 3.) (v)
Name
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or reached (vi): 30 / 10 / 2024
6. Date on which issuer notified (DD/MM/YYYY): 30 / 10 / 2024
7. Total positions of person(s) subject to the notification obligation
% of voting rights attached to shares (total of 8. A) % of voting rights through financial instruments Total of both in % (8.A + 8.B) Total number of voting rights held in issuer (8.A + 8.B) (vii)
(total of 8.B 1 + 8.B 2)
Resulting situation on the date on which threshold was crossed or reached 27.16 27.16 179,025,852
Position of previous notification (if 28.40 28.40 179,025,852
applicable)
8. Notified details of the resulting situation on the date on which the
threshold was crossed or reached (viii)
A: Voting rights attached to shares
Class/type of Number of voting rights (ix) % of voting rights
shares
ISIN code (if possible)
Direct Indirect Direct Indirect
(DTR5.1) (DTR5.2.1) (DTR5.1) (DTR5.2.1)
AU0000237554 179,025,852 27.16
SUBTOTAL 8. A 179,025,852 27.16
B 1: Financial Instruments according to DTR5.3.1R (1) (a)
Type of financial instrument Expiration Exercise/ Number of voting rights that may be acquired if the instrument is % of voting rights
date (x)
Conversion Period (xi)
exercised/converted.
SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to DTR5.3.1R
(1) (b)
Type of financial instrument Expiration Exercise/ Physical or cash Number of voting rights % of voting rights
date (x)
Conversion Period (xi)
Settlement (xii)
SUBTOTAL 8.B.2
9. Information in relation to the person subject to the notification
obligation (please mark the
applicable box with an "X")
Person subject to the notification obligation is not controlled by any natural X
person or legal entity and does not control any other undertaking(s) holding
directly or indirectly an interest in the (underlying) issuer (xiii)
Full chain of controlled undertakings through which the voting rights and/or
the
financial instruments are effectively held starting with the ultimate
controlling natural person or legal entity (please add additional rows as
necessary) (xiv)
Name (xv) % of voting rights if it equals or is higher than the notifiable threshold % of voting rights through financial instruments if it equals or is higher Total of both if it equals or is higher than the notifiable threshold
than the notifiable threshold
10. In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional information (xvi)
Place of completion Johannesburg, South Africa
Date of completion 30 October 2024
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, Christian Calabrese (Australia)
Tel: +44 (0)20 3004 9512
Tel: +44 (0)20 3470 0470
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, 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 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
largest spodumene concentrate mines in the world.
The Project, which was awarded a Mining Lease in October 2023, is being
developed under an earn-in agreement with Piedmont Lithium Inc.
Atlantic Lithium holds a portfolio of lithium projects within 509km(2) and
771km(2) 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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