Last checked at 22 Dec 2023 07:00
22 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 Executive Chairman Neil Herbert, as a Director and person discharging managerial responsibilities ("PDMR") of the Company, has purchased in the market a total of 160,500 ordinary shares of no par value each ("Ordinary Shares"), equating to an aggregate value of £34,716 (A$65,146), 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 Executive Chairman | 160,500 | 7,799,392 | 1.24% |
Revised shareholdings
Following this Director on market purchase and the successful allotment of the Institutional placement today (refer announcement of 15 December 2023), the revised shareholdings of the Directors and Substantial Shareholders will be as follows:
Company Director | Shareholding | % of Share Capital |
Neil Herbert | 7,799,392 | 1.24 |
Amanda Harsas | 4,300,000 | 0.68 |
Patrick Brindle | 108,000 | 0.02 |
Jonathan Henry | 51,518 | 0.01 |
Keith Muller | - | - |
Kieran Daly | - | - |
Christelle van der Merwe | - | - |
Total Director Shareholdings | 12,258,910 | 1.95 |
Significant Shareholders | Shareholding | % of Share Capital |
Assore International Holdings Limited | 154,733,450 | 24.54 |
Piedmont Lithium Ghana Holdings Inc | 56,997,466 | 9.04 |
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: Identification code: | Ordinary Shares of no par in the Company ISIN: AU0000237554 | ||||
b) | Nature of the transaction: | Purchase of Ordinary Shares
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c) | Price(s) and volume(s):
|
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d) | Aggregated information:
| Purchase of 160,500 Ordinary Shares at an average price of GBP0.2163 (AUD0.4059) per Ordinary Share
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e) | Date of the transaction: | 20 December 2023 | ||||
f) | Place of the transaction: | AIM Market (ALL) | ||||
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 Nominated Adviser Jeff Keating Charlie Bouverat Tel: +44 (0)20 3470 0470 |
Yellow Jersey PR Limited Charles Goodwin Bessie Elliot atlantic@yellowjerseypr.com Tel: +44 (0)20 3004 9512
|
Canaccord Genuity Limited Financial Adviser: Raj Khatri (UK) / Duncan St John, Christian Calabrese (Aust)
Corporate Broking: James Asensio Tel: +44 (0) 20 7523 4500 |
Notes to Editors:
About Atlantic Lithium
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 509km2 and 774km2 of tenure across Ghana and Côte d'Ivoire respectively, comprising significantly under-explored, highly prospective licences.