A11 atlantic lithium limited

Ann: Change of Director's Interest Notice, page-7

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    There is a loan facility as part of the ESOP.

    Prospectus p87
    10.10 (c) Loan Facility
    When making an offer to an Eligible Participant to participate in the Plan or at any time before the Options held by a Participant are exercised, the Nomination & Remuneration Committee may extend a Loan Facility to the relevant Eligible Participant/Participant which may be used to fund the payment of the exercise price for those Options being exercised, in accordance with the terms of the loan (Loan Terms).

    I think you may find that Amanda has received an interest free loan from the company to fund the exercise. The 2020 Financial Report outlines a similar arrangement for Len.


 
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