Last checked at 22 Feb 2024 12:00
22 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 today allotted 6,392 new ordinary shares of £0.013355 each in the capital of the Company ("Shares") in connection with the exercise of 6,392 unlisted performance rights at an issue price of £0.013355 per share for a total consideration of £85.37. 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 295,240,275 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 295,240,275 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/
** ENDS **
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.