Board Appointment
Pursuant to the announcement of 21 March 2022, the Board of Atlantic Lithium Limited (AIM: ALL, OTC: ALLIF, “Atlantic Lithium” or the “Company”), the fully-funded, African- focussed lithium exploration and development company on track to become West Africa’s first lithium producing mine, is pleased to announce the appointment of Lennard Alexander Kolff Van Oosterwijk to the Board of Directors and also as the Company’s Interim Chief Executive Officer.
The information required by Rule 17 and paragraph (g) of Schedule 2 of the AIM Rules for Companies in relation to the appointment of Lennard Alexander Kolff Van Oosterwijk (age 47) is as follows:
Ordinary Shares
Mr Kolff currently holds a beneficial interest in 1,607,344 ordinary shares in the Company, held by his spouse Melissa Kolff van Oosterwijk.
Unlisted Options
Mr Kolff currently holds a beneficial interest in a total of 15,500,000 unlisted options in the Company, held by his spouse Melissa Kolff van Oosterwijk, being:
Ø 3,500,000 unlisted options exercisable at 12p each through to 24 June 2022;
Ø 3,000,000 unlisted options exercisable at 30p each through to 18 August 2023;
Ø 4,000,000 unlisted options exercisable at 40p each through to 18 August 2023;
Ø 5,000,000 unlisted options exercisable at 50p each through to 18 August 2023.
Unlisted Performance Rights
Additionally, Mr Kolff is beneficially interested in a total of 4,050,000 unlisted performance rights in the Company, held by his spouse Melissa Kolff van Oosterwijk, being:
Ø 225,000 unlisted performance rights exercisable at 30p expiring on 18 August 2023;
Ø 225,000 unlisted performance rights exercisable at 35p expiring on 18 August 2023;
Ø 225,000 unlisted performance rights exercisable at 40p expiring on 18 August 2023;
Ø 225,000 unlisted performance rights exercisable at 45p expiring on 18 August 2023;
Ø 225,000 unlisted performance rights exercisable at 50p expiring on 18 August 2023;
Ø 225,000 unlisted performance rights exercisable at 55p expiring on 18 August 2023;
Ø 225,000 unlisted performance rights exercisable at 60p expiring on 18 August 2023;
Ø 225,000 unlisted performance rights exercisable at 65p expiring on 18 August 2023;
Ø 500,000 unlisted performance rights exercisable at 70p expiring on 18 August 2023;
Ø 750,000 unlisted performance rights exercisable at 75p expiring on 18 August 2023;
Ø 1,000,000 unlisted performance rights exercisable at £1.00 expiring on 18 August 2023.
Achievement of the maturity price milestone triggers the vesting of the performance rights to fully paid ordinary shares. The maturity price is based on 15 Trading Day VWAP metric for each tranche of performance rights
There are no other disclosures required in accordance with Schedule 2(g) of the AIM Rules.
For any further information, please contact:
Atlantic Lithium Limited
Neil Herbert (Chairperson)
Amanda Harsas (Finance Director and Company Secretary)
Tel: +61 2 8072 0640
