Notification of Major Holdings

Adriatic Metals PLC

08 May 2024

 

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

GB00BL0L5G04

Issuer Name

ADRIATIC METALS PLC

UK or Non-UK Issuer

UK

2. Reason for Notification

An acquisition or disposal of voting rights; An acquisition or disposal of financial instruments

3. Details of person subject to the notification obligation

Name

Helikon Investments Limited

City of registered office (if applicable)

London

Country of registered office (if applicable)

United Kingdom

4. Details of the shareholder

Name	City of registered office	Country of registered office
Helikon Long Short Equity Fund Master ICAV	Dublin	Ireland

5. Date on which the threshold was crossed or reached

02-May-2024

6. Date on which Issuer notified

07-May-2024

7. Total positions of person(s) subject to the notification obligation

.	% of voting rights attached to shares (total of 8.A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)	Total of both in % (8.A + 8.B)	Total number of voting rights held in issuer
Resulting situation on the date on which threshold was crossed or reached	0.413782	17.357491	17.771273	54419558
Position of previous notification (if applicable)	0.417653	17.618024	18.035677

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached

8A. Voting rights attached to shares

Class/Type of shares ISIN code(if possible)	Number of direct voting rights (DTR5.1)	Number of indirect voting rights (DTR5.2.1)	% of direct voting rights (DTR5.1)	% of indirect voting rights (DTR5.2.1)
AU0000004772		1267092		0.413782
Sub Total 8.A	1267092		0.413782%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

Type of financial instrument	Expiration date	Exercise/conversion period	Number of voting rights that may be acquired if the instrument is exercised/converted	% of voting rights
Sub Total 8.B1

8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))

Type of financial instrument	Expiration date	Exercise/conversion period	Physical or cash settlement	Number of voting rights	% of voting rights
Cash Settled Equity Swap	17/12/2024	17/12/2024	Cash	1501236	0.490244
Cash Settled Equity Swap	02/04/2025	02/04/2025	Cash	3856497	1.259379
Cash Settled Equity Swap	03/12/2024	03/12/2024	Cash	678990	0.221731
Cash Settled Equity Swap	30/01/2026	30/01/2026	Cash	3950255	1.289997
Cash Settled Equity Swap	21/10/2024	21/10/2024	Cash	3456160	1.128645
Cash Settled Equity Swap	05/06/2032	05/06/2032	Cash	9294466	3.035205
Cash Settled Equity Swap	03/01/2025	03/01/2025	Cash	6179349	2.017931
Cash Settled Equity Swap	29/01/2027	29/01/2027	Cash	24235513	7.914359
Sub Total 8.B2				53152466	17.357491%

9. Information in relation to the person subject to the notification obligation

2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)

Ultimate controlling person	Name of controlled undertaking	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
Helikon Long Short Equity Fund Master ICAV	Helikon Long Short Equity Fund Master ICAV		17.357491	17.357491%

10. In case of proxy voting

Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

11. Additional Information

12. Date of Completion

07-May-2024

13. Place Of Completion

London

 

END