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Neil Herbert of Atlantic Lithium: Why we rejected a bid at a 65% premium to the share price

10:57, 16th November 2023
AudioBoom | https://audioboom.com/posts/8401729-neil-herbert-of-atlantic-lithium-why-we-rejected-a-bid-at-a-65-premium-to-the-share-price

Neil Herbert, Executive Chairman of Atlantic Lithium Follow | ALL explains why they rejected a bid for the company from their biggest shareholder, Assore, which was at a 65% premium to the share price.

Highlights

Atlantic Lithium, the African-focused lithium exploration and development company targeting to deliver Ghana's first lithium mine, announces that on 7 November 2023, the Company's major shareholder Assore International Holdings Limited presented a conditional and non-binding offer to acquire all of the shares in the Company that it does not already own, pursuant to a scheme of arrangement, at an offer price of £0.33 per share (A$0.63).

(To read the full RNS click here)

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