REG - Atlantic Lithium Ltd - Director/PDMR Shareholding

Atlantic LithiumAnnouncement

08/04/2024 07:00

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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       133,000                              8,106,305                                              1.25%

 Executive Chairman

 

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:  Ordinary Shares of no par in the Company

               Identification code:                                          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)

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)

                   www.atlanticlithium.com.au
                   IR@atlanticlithium.com.au
                   Tel: +61 2 8072 0640
 SP Angel Corporate Finance LLP      Yellow Jersey PR Limited      Canaccord Genuity Limited

 Nominated Adviser                   Charles Goodwin               Financial Adviser:

 Jeff Keating                        Bessie Elliot                 Raj Khatri (UK) /

                                   atlantic@yellowjerseypr.com

 Charlie Bouverat
                             Duncan St John, Christian Calabrese (Australia)

                                   Tel: +44 (0)20 3004 9512

 Tel: +44 (0)20 3470 0470

                                                                   Corporate Broking:

                                                                   James Asensio

                                                                   Tel: +44 (0) 20 7523 4500

 

Notes to Editors:

 

About Atlantic Lithium

www.atlanticlithium.com.au (http://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 509km(2) and
774km(2) 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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