In This Article:
SYDNEY, AUSTRALIA / ACCESSWIRE / March 20, 2023 / The Board of Atlantic Lithium Limited (AIM:ALL)(OTCQX:ALLIF)(ASX:A11) "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 2,454,677 ordinary shares of no par value each ("Ordinary Shares") at an average price of 27.34p per Ordinary Share, equating to aggregate value of £671,231, 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 | 1,883,177 | 7,348,892 | 1.21% |
| Ms Amanda Harsas Finance Director & Company Secretary | 571,500 | 733,371 | 0.12% |
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM:
TABLE 1 - ISSUE 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): |
| ||||
| d) | Aggregated information: | Purchase of 1,883,177 Ordinary Shares at an average price of GBP0.2748 (AUD0.4952) per Ordinary Share | ||||
| e) | Date of the transaction: | 16 March 2023 | ||||
| f) | Place of the transaction: | AIM Market (ALL), ASX (A11) | ||||
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM:
TABLE 1 - ISSUE OF ORDINARY SHARES
| 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. | 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): |
| ||||
| d) | Aggregated information: | Purchase of 571,500 Ordinary Shares at an average price of GBP0.2690 (AUD0.4847) per Ordinary Share | ||||
| e) | Date of the transaction: | 16 & 17 March 2023 | ||||
| f) | Place of the transaction: | AIM Market (ALL), 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.