Ann: PLL: Piedmont Lithium Sells Sayona Mining Shares, page-164

The sell price set by PLL was set prior to latest rise: They did not have to sell at a discount. The rate was as per below.

Sayona Mining (ASX:SYA) has fallen after Piedmont Lithium (ASXLL) announced it would sell the shares it owns in the lithium play. Through a secondary block sale via Canaccord Genuity 1,152.2 million shares of SYL will be sold at 5.2 cents/share representing the 20-day VWAP, resulting in gross proceeds of ~$59.9 million for PLL.

PLL says the decision to divest the SYA shares aligns with its committment to maintain a prudent balance sheet while simultaneously minimising dilution of PLL shareholders.