Notification of Major Holdings

Adriatic Metals PLC

10 January 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

Other

Comments

Filing is due to share capital change only on 5th January 2024

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	United Kingdom

5. Date on which the threshold was crossed or reached

05-Jan-2024

6. Date on which Issuer notified

09-Jan-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	0.417653	17.571714	17.989367	53042555
Position of previous notification (if applicable)	0.420678	17.588938	18.009616

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	0	1231470	0.000000	0.417653
Sub Total 8.A	1231470		0.417653%

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	21/10/2024		Cash	2207387	0.748635
Cash-Settled Equity Swap	05/06/2032		Cash	9127792	3.095688
Cash-Settled Equity Swap	03/01/2025		Cash	5769820	1.956833
Cash-Settled Equity Swap	19/02/2024		Cash	24719108	8.383477
Cash-Settled Equity Swap	17/12/2024		Cash	1501236	0.509144
Cash-Settled Equity Swap	02/04/2025		Cash	3856497	1.307930
Cash-Settled Equity Swap	03/12/2024		Cash	678990	0.230279
Cash-Settled Equity Swap	30/01/2026		Cash	3950255	1.339728
Sub Total 8.B2				51811085	17.571714%

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		17.571714	17.571714%

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

Filing is due to share capital change only on 5th January 2024.

12. Date of Completion

09-Jan-2024

13. Place Of Completion

London

 

END