RNS Number : 6479J
Atlantic Lithium Limited
08 April 2024
 

 

8 April 2024

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 133,000 ordinary shares of no par value each ("Ordinary Shares"), at an average price of £0.18625 (A$0.36), equating to an aggregate value of £24,771 (A$47,590), 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

133,000

8,106,305

1.25%

 

Following the share purchase, Directors and persons discharging managerial responsibilities ("PDMR") of the Company have purchased a total of 10,152,227 shares equating to a value of A$5,192,393 (£2,794,015) in the last 13 months.

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM:

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

 

c)

Price(s) and volume(s):

 

 

Price(s)

Volume(s)

£0.18625

133,000


d)

Aggregated information:

 

Purchase of 133,000 Ordinary Shares at an average price of £0.18625 (AUD0.36) per Ordinary Share

 

e)

Date of the transaction:

5 April 2024

f)

Place of the transaction:

AIM (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)

Internet with solid fill

www.atlanticlithium.com.au

Speaker phone with solid fill

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 (Australia)

 

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 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 509km2 and 774km2 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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