t
On December 27, 2023, Atlantic Lithium Limited issued a total of 9,298,935 Performance Rights over new ordinary shares to its Directors and Executives at nil price. This grant followed the approval of Resolutions 8 to 12 at the Company's recent Annual General Meeting. Recipients included Mr Neil Herbert (3,497,843), Mr Keith Muller (1,469,610), Mr Lennard Kolff Van Oosterwijk (2,200,118), and Ms Amanda Harsas (2,131,364).
| Date | 28 Dec 2023 |
| Time | 07:00:01 |
| Category | Capital structure |
| ID | 0488Y |
28 December 2023
Corporate Update
Grant of PDMR Performance Rights
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 following the approval of Resolutions 8 to 12 at its recent Annual General Meeting("AGM"), 9,298,935 Performance Rights over new ordinary shares of no par value each in the Company ("Performance Rights") have been issued on 27 December 2023 to Directors and Executives of the Company. The terms and conditions of the Performance Rights are in accordance with the Atlantic Lithium Limited Rights Plan ("Rights Plan") and are set out in the AGM Explanatory Statement which accompanied the Notice of AGM and can be accessed via the following link: https://www.atlanticlithium.com.au/s/Atlantic-Lithium-2023-Notice-of-Annual-General-Meeting-Proxy-Form.pdf
Issue of Share Options
Accordingly, the Company has issued the following unlisted performance rights:
Director / Executive Number of Performance Rights
Mr Neil Herbert 3,497,843
Mr Keith Muller 1,469,610
Mr Lennard Kolff Van Oosterwijk 2,200,118
Ms Amanda Harsas 2,131,364
Total 9,298,935
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM:
ISSUE OF UNLISTED PERFORMANCE RIGHTS
|
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. |
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: |
Performance Rights over ordinary shares of no par value each in the Company ISIN: AU0000XINEX3 |
||||
|
b) |
Nature of the transaction: |
Grant of Performance Rights
|
||||
|
c) |
Price(s) and volume(s): |
|
||||
|
d) |
Aggregated information: Aggregated volume: Price: |
Single transaction as in 4 c) above
|
||||
|
e) |
Date of the transaction: |
27 December 2023 |
||||
|
f) |
Place of the transaction: |
Outside of a trading venue |
||||
|
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. |
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: |
Performance Rights over ordinary shares of no par value each in the Company ISIN: AU0000XINEX3 |
||||
|
b) |
Nature of the transaction: |
Grant of Performance Rights
|
||||
|
c) |
Price(s) and volume(s): |
|
||||
|
d) |
Aggregated information: Aggregated volume: Price: |
Single transaction as in 4 c) above
|
||||
|
e) |
Date of the transaction: |
27 December 2023 |
||||
|
f) |
Place of the transaction: |
Outside of a trading venue |
||||
|
1. |
Details of the person discharging managerial responsibilities/person closely associated |
|||||
|
a) |
Name: |
Lennard Kolff Van Oosterwijk |
||||
|
2. |
Reason for the notification |
|||||
|
a) |
Position/status: |
Chief Geologist and Head of Business & Development |
||||
|
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. |
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: |
Performance Rights over ordinary shares of no par value each in the Company ISIN: AU0000XINEX3 |
||||
|
b) |
Nature of the transaction: |
Grant of Performance Rights
|
||||
|
c) |
Price(s) and volume(s): |
Single transaction as in 4 c) above
|
||||
|
d) |
Aggregated information:
|
|
||||
|
e) |
Date of the transaction: |
27 December 2023 |
||||
|
f) |
Place of the transaction: |
Outside of a trading venue |
||||
|
1. |
Details of the person discharging managerial responsibilities/person closely associated |
|||||
|
a) |
Name: |
Keith Muller |
||||
|
2. |
Reason for the notification |
|||||
|
a) |
Position/status: |
Chief Executive Officer |
||||
|
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. |
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: |
Performance Rights over ordinary shares of no par value each in the Company ISIN: AU0000XINEX3 |
||||
|
b) |
Nature of the transaction: |
Grant of performance rights |
||||
|
c) |
Price(s) and volume(s): |
|
||||
|
d) |
Aggregated information:
|
Single transaction as in 4 c) above
|
||||
|
e) |
Date of the transaction: |
27 December 2023 |
||||
|
f) |
Place of the transaction: |
Outside of a trading venue |
||||
This announcement has been approved for release by the Board of Directors.
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.
Neil Herbert (Executive Chairman)
Amanda Harsas (Finance Director and Company Secretary)
|
|
www.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 Tel: +44 (0)20 3004 9512
|
|
||
About Atlantic Lithium
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.
