TIDMALL
RNS Number : 0488Y
Atlantic Lithium Limited
28 December 2023
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 Performance Rights over
instrument, type of instrument: ordinary shares of no
Identification code: par value each in the
Company
ISIN: AU0000XINEX3
--------------------------------- ------------------------------------
b) Nature of the transaction: Grant of Performance Rights
--------------------------------- ------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
Nil 3,497,843
--------------------------------- ------------------------------------
d) Aggregated information: Single transaction as
Aggregated volume: in 4 c) above Price(s) Volume(s)
Price: Nil 3,497,843
--------------------------------- ------------------------------------
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 Performance Rights over
instrument, type of instrument: ordinary shares of no
Identification code: par value each in the
Company
ISIN: AU0000XINEX3
--------------------------------- -------------------------------------
b) Nature of the transaction: Grant of Performance Rights
--------------------------------- -------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
Nil 2,131,364
----------
--------------------------------- -------------------------------------
d) Aggregated information: Single transaction as
Aggregated volume: in 4 c) above Price(s) Volume(s)
Price: Nil 2,131,364
----------
--------------------------------- -------------------------------------
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 Performance Rights over
instrument, type of instrument: ordinary shares of no
Identification code: 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 Price(s) Volume(s)
Nil 2,200,118
---------------------
--------------------------------- -------------------------------------
d) Aggregated information: Price(s) Volume(s)
Nil 2,200,118
---------------------
--------------------------------- -------------------------------------
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 Performance Rights over
instrument, type of instrument: ordinary shares of no
Identification code: par value each in the
Company
ISIN: AU0000XINEX3
--------------------------------- ------------------------------------
b) Nature of the transaction: Grant of performance rights
--------------------------------- ------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
Nil 1,469,610
--------------------------------- ------------------------------------
d) Aggregated information: Single transaction as
in 4 c) above Price(s) Volume(s)
Nil 1,469,610
--------------------------------- ------------------------------------
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.
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 Yellow Jersey PR Limited Canaccord Genuity Limited
LLP Charles Goodwin Financial Adviser:
Nominated Adviser Bessie Elliot Raj Khatri (UK) /
Jeff Keating atlantic@yellowjerseypr.com Duncan St John, Christian
Charlie Bouverat Tel: +44 (0)20 3004 Calabrese (Australia)
Tel: +44 (0)20 3470 9512
0470 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 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 509km(2) and 774km(2) of tenure across
Ghana and Côte d'Ivoire respectively, comprising significantly
under-explored, highly prospective licences.
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END
IOENKFBNPBDKFBB
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