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| Date | 29 Dec 2023 |
| Time | 07:00:02 |
| Category | Director/PDMR dealings |
| ID | 1811Y |
29 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 173,913 ordinary shares of no par value each ("Ordinary Shares"), equating to an aggregate value of £37,513 (A$70,047), 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 |
173,913 |
7,973,305 |
1.3% |
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 |
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|
a) |
Name: |
Neil Herbert |
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|
2. |
Reason for the notification |
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a) |
Position/status: |
Executive Chairman |
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b) |
Initial notification/Amendment: |
Initial notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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|
a) |
Name: |
Atlantic Lithium Limited |
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|
b) |
LEI: |
213800H1JY3J7BB6BN06 |
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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. |
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|
a) |
Description of the financial instrument, type of instrument: Identification code: |
Ordinary Shares of no par in the Company ISIN: AU0000237554 |
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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 173,913 Ordinary Shares at an average price of AUD0.4027(GBP0.2157) per Ordinary Share
|
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|
e) |
Date of the transaction: |
21 December 2023 |
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|
f) |
Place of the transaction: |
ASX (A11) |
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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.
Neil Herbert (Executive Chairman)
Amanda Harsas (Finance Director and Company Secretary)
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|
www.atlanticlithium.com.au |
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IR@atlanticlithium.com.au |
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Tel: +61 2 8072 0640
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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
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Canaccord Genuity Limited Financial Adviser: Raj Khatri (UK) / Duncan St John, Christian Calabrese (Aust)
Corporate Broking: James Asensio Tel: +44 (0) 20 7523 4500 |
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.
