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)
|
|
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
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.