Last checked at 10 Aug 2023 09:14
10 August 2023
PCA 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 it has been notified that a person closely associated ("PCA") to Len Kolff, Head of Business Development & Chief Geologist, a Director and person discharging managerial responsibilities ("PDMR") of the Company, has purchased in the market a total of 150,000 ordinary shares of no par value each ("Ordinary Shares"), equating to an aggregate value of £26,702. Mr Kolff's resultant interest is now 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 Head of Business Development & Chief Geologist | 150,000 | 3,180,852 | 0.52% |
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: | Melisa Kolff van Oosterwijk | ||||
2. | Reason for the notification | |||||
a) | Position/status: | PCA of Lennard Kolff van Oosterwijk - Head of Business Development & Chief Geologist | ||||
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 150,000 Ordinary Shares at an average price of 18 pence (AUD0.357) per Ordinary Share
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e) | Date of the transaction: | 09 & 10 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 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 Company Broker Raj Khatri / James Asensio Harry Rees 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 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 560km2 and 774km2 of tenure across Ghana and Côte d'Ivoire respectively, comprising significantly under-explored, highly prospective licences.