Notice of Annual General Meeting

Adriatic Metals PLC

26 April 2023

 

26 April 2023

 Adriatic Metals PLC 

("Adriatic Metals" or the "Company")

Notice of Annual General Meeting

Adriatic Metals PLC (ASX:ADT, LSE:ADT1, OTCQX:ADMLF) announces that its Notice of Annual General Meeting ("AGM Notice") is being made available to shareholders today on the Company's website www.adriaticmetals.com.

The Company's 2023 Annual General Meeting (the "AGM") will take place on Wednesday, 24 May 2023 at ‎9:00am (London time) ‎at the offices of Buchanan Communications, 107 Cheapside, London EC2V 6DN, United Kingdom‎. Full details on how to attend the AGM are contained in the AGM Notice.

The Notice of AGM is expected to be posted to those shareholders who have elected to receive a hard copy on or before 28 April 2023.

At this year's AGM the Company is seeking approval of a new Directors' ‎Remuneration Policy‎ ("Remuneration Policy") in accordance with UK company law obligations.‎ A copy of the ‎Remuneration Policy is appended to the Notice of AGM and is being made available separately on the Company's website. ‎

The Company's Annual Report and Accounts for the financial year ending 31 December 2022 continue to be available on the Company's website at www.adriaticmetals.com/investors/financial-reports-2/.

Shareholders are encouraged to register their votes on all the resolutions contained in the AGM Notice in accordance with the explanatory notes set out in the AGM Notice as early as possible.

A copy of the AGM Notice and the associated Form of Proxy and CDI Voting Form are being submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

Market Abuse Regulation Disclosure

Certain information contained within this announcement is deemed by Adriatic (LEI: 549300OHAH2GL1DP0L61) to constitute inside ‎information as stipulated under Article 7 of the 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 ("UK Market Abuse Regulation").

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

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

Adriatic Metals PLC
Paul Cronin / Klara Kaczmarek	Via Buchanan
Buchanan	Tel: [phone]
Bobby Morse/ Oonagh Reidy	[e-mail]
Canaccord Genuity Limited (Joint Corporate Broker)
Jeremy Dunlop (Australia)	Tel: [phone]
James Asensio (UK)	Tel: [phone]
RBC Capital Markets (Joint Corporate Broker)
James Agnew / Jamil Miah	Tel: [phone]
Stifel Nicolaus Europe Limited (Joint Corporate Broker)
Ashton Clanfield / Callum Stewart	Tel: [phone]
Citadel Magnus
Cameron Gilenko	Tel: [phone]

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 Project in Bosnia & Herzegovina, as well as the Raska Project in Serbia.

The Vares Project is fully-funded to production, which is expected in Q4 2023. The 2021 Project Definitive Feasibility Study boasts robust economics of US$1,062 million post-tax NPV₈, 134% IRR and a capex of US$168 million. Concurrent with ongoing construction activities, the Company continues to explore across its highly prospective 42km² concession package.

There have been no material changes to the assumptions underpinning the forecast financial information derived from the production target in the 19 August 2021 DFS announcement and these assumptions continue to apply and have not materially changed. Adriatic Metals is not aware of any new information or data that materially affects the information included in the announcement of the updated Mineral Resource Estimate announced on 1 September 2020 and all material assumptions and technical parameters underpinning the Mineral Resource Estimate continue to apply and have not materially changed.

 

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