ALL.L

Atlantic Lithium Limited
Atlantic Lithium Ltd - TR-1 Notification of Major Holdings
5th November 2024, 07:00
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RNS Number : 9161K
Atlantic Lithium Limited
05 November 2024
 

5 November 2024

TR-1 Notification of Major Holdings


Atlantic Lithium Limited (AIM: ALL, ASX: A11, GSE: ALLGH, OTCQX: ALLIF, "Atlantic Lithium" or the "Company"), the Africa-focused lithium exploration and development company targeting the delivery of Ghana's first lithium mine, wishes to announce that the Company has received the following TR-1 notification from major shareholder Assore International Holdings Limited ("Assore").

The notification reflects Assore's shareholding in the Company changing over a percentage threshold resulting from the admission to trading of the Tranche 1 Shares issued in line with the Company's successful Equity Placing (refer announcement of 25 October 2024).

The voting rights of Assore currently sit at 27.16% of the total issued capital of the Company.

Revised Shareholdings Following Equity Placing

Following the issue of Tranche 1 and Tranche 2 Shares, as detailed further in the announcement of 25 October 2024, the revised shareholdings of Assore and the Participating Directors will be as follows:

 

Current Shareholding1

Percentage of Issued Share Capital1

Subscription for Tranche 2 Shares

Resultant Shareholding after Tranche 2 Shares issued2

Percentage of enlarged Issued Share Capital2

Assore International Holdings Limited

179,025,852

27.16%*

32,775,013

211,800,865

30.56%

Neil Herbert

8,106,305

1.23%*

565,217

8,671,522

1.25%

Keith Muller

200,000

0.03%

565,217

765,217

0.11%

Edward Koranteng

Nil

0.00%

130,435

130,435

0.02%

1 Following issue of Tranche 1 Shares

2 Following issue of Tranche 2 Shares, conditional on shareholder approval at the Company's Annual General Meeting to be held on 29 November 2024

* Amended from announcement of 25 October 2024

 

The above table includes two amendments to the percentage of issued share capital in respect of Assore and Neil Herbert, which were calculated erroneously in the announcement of 25 October 2024.


Authorised for release by Amanda Harsas, Finance Director and Company Secretary, Atlantic Lithium Limited.

TR-1: Standard 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 issuer of existing shares to which voting rights are attached ii:

Atlantic Lithium Limited

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


An acquisition or disposal of financial instruments


An event changing the breakdown of voting rights

X

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 applicable)

Winchester, United Kingdom

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:

30 / 10 / 2024

6. Date on which issuer notified (DD/MM/YYYY):

30 / 10 / 2024

7. Total positions of person(s) subject to the notification obligation


% of voting rights attached to shares (total of 8. A)

% of voting rights through financial instruments
(total of 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights held in issuer (8.A + 8.B) vii

Resulting situation on the date on which threshold was crossed or reached

27.16  


27.16

179,025,852

Position of previous notification (if

applicable)

28.40


28.40

179,025,852







 

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
shares

ISIN code (if possible)

Number of voting rights ix

% of voting rights

Direct

(DTR5.1)

Indirect

 (DTR5.2.1)

Direct

(DTR5.1)

Indirect

(DTR5.2.1)

AU0000237554

179,025,852


27.16












SUBTOTAL 8. A

179,025,852

27.16

 

 

B 1: Financial Instruments according to DTR5.3.1R (1) (a)

Type of financial instrument

Expiration
date x

Exercise/
Conversion Period xi

Number of voting rights that may be acquired if the instrument is

exercised/converted.

% of voting rights


















SUBTOTAL 8. B 1



 

 

B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)

Type of financial instrument

Expiration
date x

Exercise/
Conversion Period xi

Physical or cash

Settlement xii

Number of voting rights

% of voting rights





















 

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

X

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 or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both 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

30 October 2024

 

 

For any further information, please contact:

Atlantic Lithium Limited

Neil Herbert (Executive Chairman)

Amanda Harsas (Finance Director and Company Secretary)

Internet with solid fill

www.atlanticlithium.com.au

Envelope with solid fill

IR@atlanticlithium.com.au

Speaker phone with solid fill

Tel: +61 2 8072 0640

A logo with text on it Description automatically generated

SP Angel Corporate Finance LLP

Nominated Adviser

Jeff Keating

Charlie Bouverat

Tel: +44 (0)20 3470 0470

A black and white logo Description automatically generated

Yellow Jersey PR Limited

Charles Goodwin

Bessie Elliot
 atlantic@yellowjerseypr.com

Tel: +44 (0)20 3004 9512

 

A black and white logo Description automatically generated

Canaccord Genuity Limited

Financial Adviser:

Raj Khatri (UK) /

Duncan St John, Christian Calabrese (Australia)

 

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, ASX, GSE and OTCQX-listed lithium company advancing its flagship project, the Ewoyaa Lithium Project, a significant lithium spodumene pegmatite discovery in Ghana, through to production to become the country'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 largest spodumene concentrate mines in the world.

The Project, which was awarded a Mining Lease in October 2023, is being developed under an earn-in agreement with Piedmont Lithium Inc.

Atlantic Lithium holds a portfolio of lithium projects within 509km2 and 771km2 of granted and under-application tenure across Ghana and Côte d'Ivoire respectively, which, in addition to the Project, comprises significantly under-explored, highly prospective licences.

 

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