Atlantic Lithium Limited Notice of Extraordinary General Meeting (3304O)
31 January 2023 - 6:00PM
UK Regulatory
TIDMALL
RNS Number : 3304O
Atlantic Lithium Limited
31 January 2023
31 January 2023
Notice of Extraordinary General Meeting
Proposed Grant of Options
Aligning the Board with Growing Shareholder Value
Atlantic Lithium Limited (AIM: ALL, OTC: 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, announces that it is to hold an
Extraordinary General Meeting ("EGM") at the office of HopgoodGanim
Lawyers, Level 7, Waterfront Place, 1 Eagle Street, Brisbane QLD
4000 on Wednesday, 1(st) March 2023 at 9:00am (Brisbane time,
Australia).
As part of the Company's ongoing review of the appropriateness
of its remuneration and incentive arrangements, the Company's
Nomination & Remuneration Committee recommended that the
current executive and senior independent non-executive team's
option entitlements be reviewed and the proposed that the unlisted
options below be issued to Directors to ensure appropriate and
aligned incentive packages are in place.
The use of options provides a mechanism to incentivise the
Directors and align with the growth and development of the Company
and its projects.
Issue of Share Options
Accordingly, the Company will issue the following unlisted
options to directors:
Director Number of Strike Price Term to Expiry
Options
Mr Neil Herbert 2,000,000 60 pence Two years from date of
issue
Mr Lennard Kolff 2,000,000 60 pence Two years from date of
issue
Ms Amanda Harsas 2,000,000 60 pence Two years from date of
issue
Mr Stuart Crow 1,000,000 60 pence Two years from date of
issue
The EGM materials will be despatched to shareholders today. A
copy of the EGM materials can be viewed via the following
links:
Notice of Meeting & Explanatory Memorandum:
http://www.rns-pdf.londonstockexchange.com/rns/3304O_1-2023-1-30.pdf
A copy of the EGM materials can also be obtained via the
Company's website https://www.atlanticlithium.com.au/gm-notices
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 Tel: +61 2 8072 0640
Neil Herbert (Executive Chairman)
Amanda Harsas (Finance Director and Company
Secretary)
www.atlanticlithium.com.au
IR@atlanticlithium.com.au
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
Yellow Jersey PR Limited Tel: +44 (0)20 3004 9512
Charles Goodwin
Bessie Elliot
atlantic@yellowjerseypr.com
Notes to Editors:
About Atlantic Lithium
www.atlanticlithium.com.au
Atlantic Lithium (formerly "IronRidge Resources") 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 560km(2) & 774km(2) of tenure across
Ghana and Côte d'Ivoire respectively, comprising significantly
under-explored, highly prospective licenses.
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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
NOGEAAFEDDADEAA
(END) Dow Jones Newswires
January 31, 2023 02:00 ET (07:00 GMT)
Atlantic Lithium (LSE:ALL)
Historical Stock Chart
From Apr 2024 to May 2024
Atlantic Lithium (LSE:ALL)
Historical Stock Chart
From May 2023 to May 2024