Allotment of Shares

Adriatic Metals PLC

05 January 2024

 

5 January 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 1,909,000 new ordinary shares of £0.013355 each ("Shares") in connection with the exercise of 1,909,000 unlisted warrants at an issue price of £0.88 per share for a total consideration of £1,679,920.00. The Shares rank pari passu with the existing Ordinary shares.

Application will be made to the Financial Conduct Authority ("FCA") for admission of the Shares to ‎the standard segment of the FCA's Official List and to the London Stock Exchange for admission of the Shares to trading on the Main Market of the London Stock Exchange's Main Market for listed securities ("Admission"). Admission of the Shares is expected to take place on or around 19 January 2024.

The Company confirms that as at the date of this announcement, the Company's issued share capital comprises 294,855,069 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 294,855,069 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: [e-mail], @AdriaticMetals on Twitter; or contact:

Adriatic Metals PLC
Paul Cronin / Klara Kaczmarek	Via Buchanan
Buchanan	Tel: [phone]
Bobby Morse / Oonagh Reidy	[e-mail]
Morgans Corporate Limited
Rob Douglas / Sam Warriner / Mitch Duffy	Tel: [phone]
RBC Capital Markets
James Agnew / Jamil Miah	Tel: [phone]
Stifel Nicolaus Europe Limited
Ashton Clanfield / Callum Stewart / Varun Talwar	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 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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