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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 | |
---|---|---|---|---|---|---|---|---|---|---|
1.10 | 4.76% | 24.20 | 23.40 | 23.85 | 23.40 | 22.55 | 22.55 | 669,296 | 16:35:16 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Iron Ores | 0 | -12.19M | -0.0200 | -11.70 | 142.56M |
TIDMALL
RNS Number : 5905A
Atlantic Lithium Limited
23 January 2024
23 January 2024
TR-1 Notification of Major Holdings
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 the Company has received the following two TR-1 notifications from major shareholders Assore International Holdings Limited ("Assore") and Piedmont Lithium Inc. ("Piedmont").
The voting rights of Assore and Piedmont now sit at 28.4% and 5.2%, respectively, of the total issued capital of the Company.
Commenting, Neil Herbert, Executive Chairman of Atlantic Lithium, said :
"As the Company's largest shareholder, we believe that Assore's purchase of Atlantic Lithium shares at a premium to the current price, increasing their holding to 28.4%, reflects their belief in the substantial value potential that, together with Piedmont, we intend to unlock at the Ewoyaa Lithium Project."
TR-1: S tandard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible) (i) 1a. Identity of the issuer or the underlying Atlantic Lithium Limited issuer of existing shares to which voting rights are attached (ii) : ------------------------------------------------------------------- 1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) Non-UK issuer X --------------------- 2. Reason for the notification (please mark the appropriate box or boxes with an "X") An acquisition or disposal of voting rights X --------------------- An acquisition or disposal of financial instruments --------------------- An event changing the breakdown of voting rights --------------------- Other (please specify) (iii) : --------------------- 3. Details of person subject to the notification obligation (iv) Name Assore International Holdings Limited City and country of registered office (if Winchester, United Kingdom applicable) 4. Full name of shareholder(s) (if different from 3.) (v) Name ------------------------------------------------------------------- City and country of registered office (if applicable) ------------------------------------------------------------------- 5. Date on which the threshold was crossed or reached (vi) : 19 / 01 / 2024 ------------------------------------------------------------------- 6. Date on which issuer notified (DD/MM/YYYY): 19 / 01 / 2024 ------------------------------------------------------------------- 7. Total positions of person(s) subject to the notification obligation % of voting rights % of voting rights Total of both in % Total number of attached to shares through financial (8.A + 8.B) voting rights held (total of 8. A) instruments in issuer (8.A + (total of 8.B 1 + 8.B) (vii) 8.B 2) --------------------- --------------------- --------------------- --------------------- Resulting situation on the date on which threshold was crossed or reached 28.40 28.40 179,025,852 --------------------- --------------------- --------------------- --------------------- Position of previous notification (if applicable) 25.06 25.06 --------------------- --------------------- --------------------- --------------------- 8. Notified details of the resulting situation on the date on which the threshold was crossed or reached (viii) A: Voting rights attached to shares Class/type of Number of voting rights (ix) % of voting rights shares ISIN code (if possible) Direct Indirect Direct Indirect (DTR5.1) (DTR5.2.1) (DTR5.1) (DTR5.2.1) --------------- AU0000237554 179,025,852 28.40 --------------- --------------- -------------------------------- --------------- SUBTOTAL 8. A 179,025,852 28.40 -------------------------------- ------------------------------------------------- B 1: Financial Instruments according to DTR5.3.1R (1) (a) Type of Expiration Exercise/ Number of voting rights that % of voting financial date (x) Conversion may be acquired if the rights instrument Period (xi) instrument is exercised/converted. --------------- --------------- -------------------------------- --------------- SUBTOTAL 8. B 1 --------------- -------------------------------- --------------- B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b) Type of Expiration Exercise/ Physical or Number of % of voting financial date (x) Conversion cash voting rights rights instrument Period (xi) Settlement (xii) ---------------- --------------- --------------- --------------- SUBTOTAL 8.B.2 --------------- --------------- 9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X") Person subject to the notification obligation is not controlled by any natural X person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer (xiii) Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary) (xiv) Name (xv) % of voting rights if it equals % of voting Total of both if it equals or or is higher than the rights through is higher than the notifiable notifiable threshold financial threshold instruments if it equals or is higher than the notifiable threshold -------------------------------- --------------- -------------------------------- 10. In case of proxy voting, please identify: Name of the proxy holder ------------------------------------------------- The number and % of voting rights held ------------------------------------------------- The date until which the voting rights will be held ------------------------------------------------- 11. Additional information (xvi) Place of completion Johannesburg, South Africa Date of completion 19 January 2024 ---------------------------
TR-1: S tandard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS 1a. Identity of the issuer or the underlying Atlantic Lithium Limited issuer of existing shares to which voting ISIN: AU0000237554 rights are attached (ii) : ------------------------------------------------------------------- 1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) Non-UK issuer X --------------------- 2. Reason for the notification (please mark the appropriate box or boxes with an "X") An acquisition or disposal of voting rights X --------------------- An acquisition or disposal of financial instruments --------------------- An event changing the breakdown of voting rights --------------------- Other (please specify) (iii) : --------------------- 3. Details of person subject to the notification obligation (iv) Name Piedmont Lithium Ghana Holdings, LLC (formerly Piedmont Lithium Ghana Holdings, Inc.) City and country of registered office (if applicable) 4. Full name of shareholder(s) (if different from 3.) (v) Name ------------------------------------------------------------------- City and country of registered office (if applicable) ------------------------------------------------------------------- 5. Date on which the threshold was crossed 19 January 2024 or reached (vi) : ------------------------------------------------------------------- 6. Date on which issuer notified 19 January 2024 (DD/MM/YYYY): ------------------------------------------------------------------- 7. Total positions of person(s) subject to the notification obligation % of voting rights % of voting rights Total of both in % Total number of attached to shares through financial (8.A + 8.B) voting rights held (total of 8. A) instruments in issuer (8.A + (total of 8.B 1 + 8.B) (vii) 8.B 2) --------------------- --------------------- --------------------- --------------------- Resulting situation on the date on which threshold was crossed or reached 5.2% 0% 5.2 32,705,064 --------------------- --------------------- --------------------- --------------------- Position of previous notification (if applicable) --------------------- --------------------- --------------------- --------------------- 8. Notified details of the resulting situation on the date on which the threshold was crossed or reached (viii) A: Voting rights attached to shares Class/type of Number of voting rights (ix) % of voting rights shares ISIN code (if possible) Direct Indirect Direct Indirect (DTR5.1) (DTR5.2.1) (DTR5.1) (DTR5.2.1) ----------------- AU0000237554 32,705,064 0 5.2% 0 ---------------- ----------------- ---------------------------------- ----------------- SUBTOTAL 8. A 32,705,064 5.2% ----------------------------------- ----------------------------------------------------- B 1: Financial Instruments according to DTR5.3.1R (1) (a) Type of financial Expiration Exercise/ Number of voting rights that may % of voting instrument date (x) Conversion be acquired if the instrument is rights Period (xi) exercised/converted. ---------------- ----------------- ---------------------------------- ----------------- SUBTOTAL 8. B 1 ----------------- ---------------------------------- ----------------- B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b) Type of Expiration Exercise/ Physical or Number of % of voting financial date (x) Conversion cash voting rights rights instrument Period (xi) Settlement (xii) ----------------- ----------------- ---------------- ---------------- SUBTOTAL 8.B.2 ---------------- ---------------- 9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X") Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer (xiii) Full chain of controlled undertakings through which the voting rights and/or the X financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary) (xiv) Name (xv) % of voting rights if it % of voting rights through Total of both if it equals equals or is higher than financial instruments if or is higher than the the notifiable threshold it equals or is higher notifiable threshold than the notifiable threshold --------------------------- --------------------------- --------------------------- Piedmont Lithium Inc. 5.2% 5.2% --------------------------- --------------------------- --------------------------- Piedmont Lithium Ghana Holdings, LLC 5.2% 5.2% --------------------------- --------------------------- --------------------------- 10. In case of proxy voting, please identify: Name of the proxy holder -------------------------------------------------------- The number and % of voting rights held -------------------------------------------------------- The date until which the voting rights will be held -------------------------------------------------------- 11. Additional information (xvi) Place of completion U.S.A. Date of completion 19 January 2024 ----------------
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
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(END) Dow Jones Newswires
January 23, 2024 02:00 ET (07:00 GMT)
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