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Pin to quick picksAdriatic Metal. Regulatory News (ADT1)

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Allotment of Shares

5 Nov 2021 07:00

RNS Number : 4789R
Adriatic Metals PLC
05 November 2021
 

 

 

 

Adriatic Metals PLC 

("Adriatic Metals" or "Company")

 

ALLOTMENT OF SHARES

Adriatic Metals PLC (ASX:ADT, LSE:ADT1, OTCQX:ADMLF) confirms that it has completed the allotment of 40,039 Ordinary shares of £0.013355 each ("Shares"), in the form of CHESS Depository Interests, to Sandfire Resources Limited ("Sandfire") pursuant to Sandfire's anti-dilution right under the Collaboration and Strategic Partnership Deed between the Company and Sandfire. The consideration paid for the Shares was £35,234.32 (40,039 shares at £0.88 per share).

This exercise by Sandfire of their anti-dilution right occurred prior to the equity fundraising announced by the Company on 12 October 2021 ("Placing") in respect of a warrant exercise. Following the Placing, Sandfire ceased to be a shareholder in Adriatic Metals and no longer have an anti-dilution right.

Application will be made to the Financial Conduct Authority and the London Stock Exchange for the Shares to be admitted to the standard segment of the Official List and to trading on the Main Market of the London Stock Exchange ("Admission"). The Shares rank pari passu with the existing Ordinary shares. Admission of the Shares is expected to take place on or around 16 November 2021.

The Company confirms that as at the date of this announcement, the Company's issued share capital comprises 263,734,882 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 263,734,882 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.

A cleansing notice and Appendix 2A (Application for quotation of securities) in relation to the allotment of the Shares has also been filed with the Australian Securities Exchange (ASX) and is available on the Company's website: https://www.adriaticmetals.com/investors/asx-announcements/

 

** ENDS **

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

Adriatic Metals PLC

 

 

Paul Cronin / Thomas Horton

Tel: +44 (0) 7866 913207

 

 

Canaccord Genuity Limited (Joint Corporate Broker)

 

Jeremy Dunlop (Australia)

Tel: +61 2 9263 2700

James Asensio (UK)

Tel: +44 (0) 207 523 8000

 

 

RBC Capital Markets (Joint Corporate Broker)

 

Marcus Jackson / Jamil Miah

Tel: +44 (0) 20 7653 4000

 

 

Stifel Nicolaus Europe Limited (Joint Corporate Broker)

 

Ashton Clanfield / Callum Stewart

Tel: +44 (0) 20 7710 7600

Buchanan

Bobby Morse / Ariadna Peretz

Tel +44 (0) 20 74666 5124

 

 

 

 

The Capital Network

 

Julia Maguire / Lelde Smits

Tel: +61 2 8999 3699

 

 

 

 

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 2021 Vares Silver Project Definitive Feasibility Study boasts robust economics of US$1,062 million post-tax NPV8, 134% IRR and a capex of US$168 million. The Company is well-funded and concurrent with the advancing of the Vares Silver Project into construction, it continues to explore across its highly prospective 41km2 concession package.

Adriatic Metals Plc completed the acquisition TSX-listed Tethyan Resource Corp. in Q4 2020, which contained the Raska Zinc-Silver Project in southern Serbia. The Company is exploring across its 95km2 highly prospective concession area, which includes around the formerly operating Kizevak and Sastavci polymetallic mines.

There have been no material changes to the assumptions underpinning the forecast financial information derived from the production target in the 15 October 2020 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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IOEFIFSRLLLEIIL
Date   Source Headline
1st Sep 20217:00 amRNSTotal Voting Rights
27th Aug 20217:00 amRNSBlock Listing Six Monthly Return
24th Aug 20217:00 amRNSAllotment of Shares
19th Aug 20217:00 amRNSVares Silver Project Definitive Feasibility Study
16th Aug 20217:00 amRNSInterim Report & Consolidated Financial Statements
10th Aug 20217:00 amRNSRupice Drilling Results
2nd Aug 20218:04 amRNSTotal Voting Rights
21st Jul 20217:00 amRNSAdriatic Upgrades to the OTCQX
19th Jul 20219:29 amRNSFinal Key Permit For Vares Silver Project
16th Jul 20217:32 amRNSQuarterly Activities Report 30 June 2021
9th Jul 20217:00 amRNSAllotment of Shares
1st Jul 202110:37 amRNSTotal Voting Rights
23rd Jun 20217:00 amRNSAllotment of Shares
18th Jun 20217:00 amRNSReport on Payments to Governments
15th Jun 202112:14 pmRNSDirector/PDMR Shareholding
9th Jun 202111:39 amRNSAllotment of Shares
9th Jun 20217:00 amRNSLaunch of Bosnian Charitable Foundation & Funding
9th Jun 20217:00 amRNSDirector/PDMR Shareholding
7th Jun 20217:00 amRNSConcession Exploration Permit & Geophysics Survey
4th Jun 20217:00 amRNSAllotment of Shares
3rd Jun 202110:23 amRNSTotal Voting Rights
3rd Jun 202110:06 amRNSSignificant Permit Development at Vares Project
20th May 20217:15 amRNSResult of AGM
20th May 20217:00 amRNSUpdated Investor Presentation
19th May 20219:30 amRNSLaunch of Vocational Training Programme
11th May 20217:00 amRNSPost-AGM Corporate Presentation and Investor Q&A
10th May 202112:12 pmRNSDirector/ PDMR Shareholding
4th May 202110:26 amRNSTotal Voting Rights
28th Apr 20217:00 amRNSNotice of AGM
28th Apr 20217:00 amRNSQuarterly Activities Report 31 March 2021
19th Apr 20217:00 amRNSVARES PROJECT OPERATIONS AND CORPORATE UPDATE
31st Mar 20217:00 amRNSAnnual Report & Interim Financial Statement
22nd Mar 20217:00 amRNSThe Raska Project Drill Results
16th Mar 20217:00 amRNSAllotment of Shares
5th Mar 20217:00 amRNSCleansing Notice and Appendix 2A
1st Mar 20217:11 amRNSApplication for Listing of Shares
26th Feb 20213:41 pmRNSDirector/PDMR Shareholding
26th Feb 20217:00 amRNSBlock Listing Six Monthly Return
23rd Feb 20217:00 amRNSAdriatic Metals Completes RAS Metals Acquisition
22nd Feb 202112:43 pmRNSDirector/PDMR Shareholding
8th Feb 20217:00 amRNSPositive RoD for Rupice Environmental Permit
1st Feb 20217:00 amRNSTotal Voting Rights
29th Jan 20217:00 amRNSCleansing Notice and Appendix 2A
28th Jan 20217:00 amRNSAdriatic Receives Exploitation Permit for Veovaca
27th Jan 20217:01 amRNSKizevak and Sastavci Drilling Results
27th Jan 20217:00 amRNSQuarterly Activities Report 31 December 2020
8th Jan 202111:03 amRNSDirector/PDMR Shareholding
4th Jan 20214:35 pmRNSTotal Voting Rights
29th Dec 20207:00 amRNSHolding(s) in Company
24th Dec 20207:00 amRNSIssue of Securities to Sandfire Resources Limited

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