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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Atlantic Lithium Limited | LSE:ALL | London | Ordinary Share | AU0000237554 | ORD NPV (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.55 | 2.76% | 20.45 | 20.40 | 20.50 | 20.50 | 19.82 | 19.84 | 2,070,774 | 16:16:32 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Iron Ores | 0 | -12.19M | -0.0200 | -10.23 | 124.59M |
From Apr 2022 to Apr 2024
TIDMALL
RNS Number : 6579O
Atlantic Lithium Limited
13 June 2022
13 June 2022
Corporate Update
Extension of Option Expiry
The Board of Atlantic Lithium Limited (AIM: ALL, OTC: ALLIF, "Atlantic Lithium" or the "Company"), the African focused lithium exploration and development company, wishes to advise a change of terms for the 12p Share Options expiring 24 June 2022. The Board has amended the expiry date of these unlisted 12p Share Options to 31 August 2022.
Unlisted Director Options
Number of Options Strike Price Original Expiry Date Amended Expiry Date
3,000,000 12 pence 24 June 2022 31 August 2022
Unlisted ESOP Options
Number of Options Strike Price Original Expiry Date Amended Expiry Date
7,000,000 12 pence 24 June 2022 31 August 2022
Related Party Note
The following options held by Persons Discharging Managerial Responsibilities ("PDMR") or Person Closely Associated ("PCA") with them are included in the Director and ESOP Options listed above:
Hot Features
Premium
PDMR / PCA 12p Director 12p ESOP Original Amended Expiry
Options Options Expiry Date Date
Melisa Kolff Van Nil 3,500,000 24 June 2022 31 August
Oosterwijk* 2022
------------- ---------- ------------- ---------------
Kieran Daly 750,000 Nil 24 June 2022 31 August
2022
------------- ---------- ------------- ---------------
Stuart Crow 750,000 Nil 24 June 2022 31 August
2022
------------- ---------- ------------- ---------------
* Spouse of Lennard Alexander Kolff Van Oosterwijk, Interim Chief Executive Officer and Director of the Company.
The extension of the Director and ESOP Options as set out above to Melisa Kolff Van Oosterwijk, Kieran Daly and Stuart Crow are deemed to be a related party transaction under the AIM Rules for Companies as Kieran Daly and Stuart Crow are Directors of the Company and Melisa Kolff Van Oosterwijk is an associate of a Director of the Company.
Neil Herbert, Christelle van der Merwe and Amanda Harsas, being the independent Directors for the purposes of the extension of the expiry date of the Director and ESOP Options, having consulted with the Company's nominated adviser, SP Angel Corporate Finance LLP, consider the extension of the expiry date to be fair and reasonable insofar as the shareholders of the Company are concerned.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM:
ISSUE OF UNLISTED OPTIONS
Details of the person discharging managerial responsibilities/person
1. closely associated
Name: Melisa Kolff Van Oosterwijk
a)
--------------------------------- -----------------------------------------
Reason for the notification
2.
----------------------------------------------------------------------------
Position/status: PCA of Lennard Alexander
a) Kolff Van Oosterwijk - Interim
CEO / Director
--------------------------------- -----------------------------------------
Initial notification/Amendment: Initial notification
b)
--------------------------------- -----------------------------------------
Details of the issuer, emission allowance market participant,
3. auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------
Name: Atlantic Lithium Limited
a)
--------------------------------- -----------------------------------------
LEI: 213800H1JY3J7BB6BN06
b)
--------------------------------- -----------------------------------------
Details of the transaction(s): section to be repeated
4. 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 Unlisted options exercisable
a) instrument, type of instrument: through to 31 August 2022.
Identification code: ISIN: AU0000XINEX3
--------------------------------- -----------------------------------------
Nature of the transaction: Extension of expiry date
b) of options over ordinary
shares.
--------------------------------- -----------------------------------------
Price(s) and volume(s): Price(s) Volume(s)
c) 12p 3,500,000
---------------------
--------------------------------- -----------------------------------------
Aggregated information: Single transaction as in
d) Aggregated volume: 4 c) above Price(s) Volume(s)
Price: 12p 3,500,000
---------------------
--------------------------------- -----------------------------------------
Date of the transaction: 13 June 2022
e)
--------------------------------- -----------------------------------------
Place of the transaction: Outside of a trading venue
f)
--------------------------------- -----------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Kieran Daly
--------------------------------- ------------------------------------
2. Reason for the notification
-----------------------------------------------------------------------
a) Position/status: Non-Executive Director
--------------------------------- ------------------------------------
b) Initial notification/Amendment: Amendment
--------------------------------- ------------------------------------
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 Unlisted options exercisable
instrument, type of instrument: through to 31 August 2022.
Identification code: ISIN: AU0000XINEX3
--------------------------------- ------------------------------------
b) Nature of the transaction: Extension of expiry date
of options over ordinary
shares.
--------------------------------- ------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
12p 750,000
-------------------
--------------------------------- ------------------------------------
d) Aggregated information: Single transaction as
Aggregated volume: in 4 c) above Price(s) Volume(s)
Price: 12p 750,000
-------------------
--------------------------------- ------------------------------------
e) Date of the transaction: 13 June 2022
--------------------------------- ------------------------------------
f) Place of the transaction: Outside of a trading venue
--------------------------------- ------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Stuart Crow
--------------------------------- ------------------------------------
2. Reason for the notification
-----------------------------------------------------------------------
a) Position/status: Non-Executive Director
--------------------------------- ------------------------------------
b) Initial notification/Amendment: Amendment
--------------------------------- ------------------------------------
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 Unlisted options exercisable
instrument, type of instrument: through to 31 August 2022.
Identification code: ISIN: AU0000XINEX3
--------------------------------- ------------------------------------
b) Nature of the transaction: Extension of expiry date
of options over ordinary
shares.
--------------------------------- ------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
12p 750,000
-------------------
--------------------------------- ------------------------------------
d) Aggregated information: Single transaction as
Aggregated volume: in 4 c) above Price(s) Volume(s)
Price: 12p 750,000
-------------------
--------------------------------- ------------------------------------
e) Date of the transaction: 13 June 2022
--------------------------------- ------------------------------------
f) Place of the transaction: Outside of a trading venue
--------------------------------- ------------------------------------
For any further information, please contact:
Atlantic Lithium Limited Tel: +61 2 8072 0640 Neil Herbert (Executive Chairman) Amanda Harsas (Finance Director and Company Secretary) www.atlanticlithium.com.au atlantic@yellowjerseypr.com SP Angel Corporate Finance LLP Tel: +44 (0)20 3470 0470 Nominated Adviser Jeff Keating Charlie Bouverat Canaccord Genuity Limited Tel: +44 (0) 20 7523 4500 Joint Company Broker Raj Khatri James Asensio Harry Rees Liberum Capital Limited Tel: +44 (0) 20 3100 2000 Joint Company Broker Scott Mathieson Edward Thomas Kane Collings SI Capital Limited Tel: +44 (0) 1483 413 Joint Company Broker 500 Nick Emerson Tel: +44 (0) 207 871 4038 Jon Levinson Yellow Jersey PR Limited Tel: +44 (0)20 3004 9512 Henry Wilkinson Dominic Barretto James Lingfield
Notes to Editors:
About Atlantic Lithium
www.atlanticlithium.com.au
Atlantic Lithium (formerly "IronRidge Resources") is an AIM-listed lithium company advancing a portfolio of projects in Ghana and Côte d'Ivoire through to production.
The Company's flagship project, the Ewoyaa Project in Ghana, is a significant lithium pegmatite discovery on track to become West Africa's first lithium producing mine. The project is fully funded to production under an agreement with Piedmont Lithium for US$102m, based on the updated Scoping Study dated 7 December 2021, indicating Life of Mine revenues exceeding US$3.4bn and set to produce a premium lithium product.
Atlantic Lithium holds a 560km(2) & 774km(2) tenure across Ghana and Côte d'Ivoire respectively, comprising significantly under-explored, highly prospective licenses.
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END
DSHBXLFFLQLLBBF
(END) Dow Jones Newswires
June 13, 2022 08:00 ET (12:00 GMT)
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