Allotment of Shares

Adriatic Metals PLC
09 February 2024
 

9 February 2024

 

Adriatic Metals PLC 

("Adriatic Metals" or the "Company")

 

ALLOTMENT OF SHARES

 

Adriatic Metals PLC (ASX:ADT, LSE:ADT1, OTCQX:ADMLF) announces that it has allotted 84,994 new ordinary shares of £0.013355 each in the capital of the Company ("Shares") following the vesting of 84,994 unlisted performance rights at an issue price of £0.013355 per share for a total consideration of £1,135.09. The Shares rank pari passu with the existing ordinary shares of the Company.

Admission of the Shares to the standard segment of the FCA's Official List and to trading on the London Stock Exchange's Main Market for listed securities takes place pursuant to the Company's existing block listing. 

The Company confirms that as at the date of this announcement, the Company's issued share capital comprises 295,233,883 ordinary shares of £0.013355 each, with each share carrying the right to one vote. The Company does not hold any ordinary shares in treasury.

The above figure of 295,233,883 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or of a change to their interest in the Company under the FCA's Disclosure and Transparency Rules.

An Appendix 3G (unquoted schedule update) in relation to the allotment of the Shares will also be filed with the Australian Securities Exchange (ASX) and will be available on the Company's website:

https://www.adriaticmetals.com/investors/asx-announcements/

 

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Market Abuse Regulation Disclosure

The information contained within this announcement is deemed by the Company (LEI: 549300OHAH2GL1DP0L61) to constitute inside ‎information for the purpose of Article 7 of EU Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended.

The person ‎responsible for arranging and authorising the release of this announcement on behalf of the Company is Paul Cronin, Managing Director and CEO.

For further information please visit: www.adriaticmetals.com; email: info@adriaticmetals.com, @AdriaticMetals on Twitter; or contact:

Adriatic Metals PLC


Paul Cronin / Klara Kaczmarek

Via Buchanan



Buchanan

Tel: +44 (0) 20 7466 5000

Bobby Morse / Oonagh Reidy

adriatic@buchanan.uk.com 

Morgans Corporate Limited

 

Rob Douglas / Sam Warriner / Mitch Duffy

Tel: +61 7 3334 4888



RBC Capital Markets

 

James Agnew / Jamil Miah

Tel: +44 (0) 20 7653 4000



Stifel Nicolaus Europe Limited

Ashton Clanfield / Callum Stewart / Varun Talwar

Tel: +44 (0) 20 7710 7600



Citadel Magnus


Cameron Gilenko

Tel: +61 2 8234 0100

 

ABOUT ADRIATIC METALS

Adriatic Metals PLC (ASX:ADT, LSE:ADT1, OTCQX:ADMLF) is a precious and base metals developer that is advancing the world-class Vares Silver Project in Bosnia & Herzegovina, as well as the Raska Zinc-Silver Project in Serbia. The Vares Silver Project is fully funded to production, which is expected in Q1 2024. Concurrent with ongoing construction activities, the Company continues to explore across its highly prospective 44km2 concession package.

 

 

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