Atlantic Lithium Limited Announces Corporate Update - Director/PDMR Shareholding

March 24, 2023 at 03:20 AM EDT

SYDNEY, AUSTRALIA / ACCESSWIRE / March 24, 2023 / 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 certain Directors and persons discharging managerial responsibilities ("PDMRs") of the Company have purchased in the market a total of 790,137 ordinary shares of no par value each ("Ordinary Shares") at an average price of 26.66p per Ordinary Share, equating to aggregate value of £210,676, 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 Len Kolff

Interim CEO

23,508

3,030,852

0.50%

Ms Amanda Harsas

Finance Director &

Company Secretary

766,629

1,500,000

0.25%

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

Details of the person discharging managerial responsibilities/person closely associated

Name:

Melisa Kolff van Oosterwijk

Reason for the notification

Position/status:

PCA of Lennard Kolff van Oosterwijk - Interim CEO / Director

Initial notification/Amendment:

Initial notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name:

Atlantic Lithium Limited

LEI:

213800H1JY3J7BB6BN06

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.

Description of the financial instrument, type of instrument:

Identification code:

Ordinary Shares of no par in the Company

ISIN: AU0000237554

Nature of the transaction:

Purchase of Ordinary Shares

Price(s) and volume(s):

Price(s)	Volume(s)
AUD0.4850	23,508

Aggregated information:

N/A

Date of the transaction:

20 March 2023

Place of the transaction:

ASX (A11)

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

Details of the person discharging managerial responsibilities/person closely associated

Name:

Amanda Harsas

Reason for the notification

Position/status:

Finance Director & Company Secretary

Initial notification/Amendment:

Initial notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name:

Atlantic Lithium Limited

LEI:

213800H1JY3J7BB6BN06

Description of the financial instrument, type of instrument:

Identification code:

Ordinary Shares of no par in the Company

ISIN: AU0000237554

Nature of the transaction:

Purchase of Ordinary Shares

Price(s) and volume(s):

Price(s)

Volume(s)

AUD0.4866

AUD0.4894

571,557

195,072

Aggregated information:

Purchase of 766,629 Ordinary Shares at an average price of GBP0.2666

(AUD0.4873) per Ordinary Share

Date of the transaction:

20 & 21 March 2023

Place of the transaction:

ASX (A11)

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
Canaccord Genuity Limited Joint Company Broker Raj Khatri James Asensio Harry Rees	Tel: +44 (0) 20 7523 4500
Liberum Capital Limited Joint Company Broker Scott Mathieson Edward Thomas Kane Collings	Tel: +44 (0) 20 3100 2000

Yellow Jersey PR Limited Charles Goodwin Bessie Elliot atlantic@yellowjerseypr.com	Tel: +44 (0)20 3004 9512

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 Company signed a funding agreement with Piedmont Lithium Inc. for US$103m towards the development of the Ewoyaa Project. Based on the Pre-Feasibility Study, the Ewoyaa Project has indicated Life of Mine revenues exceeding US$4.84bn, producing a spodumene concentrate via simple gravity only process flowsheet.

Atlantic Lithium holds 560km² & 774km² of tenure across Ghana and Côte d'Ivoire respectively, comprising significantly under-explored, highly prospective licences.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Atlantic Lithium Limited

View source version on accesswire.com:
https://www.accesswire.com/745603/Atlantic-Lithium-Limited-Announces-Corporate-Update--DirectorPDMR-Shareholding

Atlantic Lithium Limited Announces Corporate Update - Director/PDMR Shareholding

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