Adriatic Metal. Regulatory News (ADT1)

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR

MORE

Rule 8.3 of the Takeover Code (the "Code")

1.

KEY INFORMATION

(a)

Full name of discloser:

Barclays PLC.

(b)

Owner or controller of interest and short positions disclosed, if different from 1(a):

(c)

Name of offeror/offeree in relation to whose relevant securities this form relates:

ADRIATIC METALS PLC

(d)

If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:

(e)

Date position held/dealing undertaken:

28 Aug 2025

(f)

In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?

YES: DUNDEE PRECIOUS METALS INC

2.

POSITIONS OF THE PERSON MAKING THE DISCLOSURE

(a)

Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing(if any)

Class of relevant security:

1p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

5,206,533

1.51%

25,332

0.01%

(2) Cash-settled derivatives:

25,332

0.01%

2,579,388

0.75%

(3) Stock-settled derivatives (including options) and agreements to purchase/sell: 

0

0.00%

0

0.00%

TOTAL: 

5,231,865

1.51%

2,604,720

0.75%

Class of relevant security:

CHESS Depositary Interests

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

0

0.00%

0

0.00%

(2) Cash-settled derivatives:

0

0.00%

2,627,145

0.76%

(3) Stock-settled derivatives (including options) and agreements to purchase/sell: 

0

0.00%

0

0.00%

TOTAL: 

0

0.00%

2,627,145

0.76%

(b)

Rights to subscribe for new securities (including directors and other executive options)

Class of relevant security in relation to which subscription right exists

Details, including nature of the rights concerned and relevant percentages:

3.

DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

(a)

Purchase and sales

Class of relevant security

Purchase/sale

Number of securities

Price per unit

1p ordinary

Purchase

11,300

3.0575 GBP

1p ordinary

Purchase

6,623

3.0473 GBP

1p ordinary

Purchase

6,432

3.0475 GBP

1p ordinary

Purchase

6,136

3.0616 GBP

1p ordinary

Purchase

1,984

3.0250 GBP

1p ordinary

Purchase

664

3.0800 GBP

1p ordinary

Purchase

625

3.0315 GBP

1p ordinary

Purchase

97

3.0650 GBP

1p ordinary

Purchase

52

3.0750 GBP

1p ordinary

Sale

8,644

3.0552 GBP

1p ordinary

Sale

1,328

3.0650 GBP

1p ordinary

Sale

839

3.0500 GBP

1p ordinary

Sale

664

3.0800 GBP

1p ordinary

Sale

625

3.0315 GBP

1p ordinary

Sale

382

3.0549 GBP

CHESS Depositary Interests

Purchase

2,085,192

6.2142 AUD

CHESS Depositary Interests

Purchase

1,779

6.2926 AUD

CHESS Depositary Interests

Sale

567,054

6.2200 AUD

CHESS Depositary Interests

Sale

17,530

6.1763 AUD

CHESS Depositary Interests

Sale

13,225

6.1678 AUD

CHESS Depositary Interests

Sale

889

6.2900 AUD

CHESS Depositary Interests

Sale

10

6.1700 AUD

(b)

Cash-settled derivative transactions

Class of relevant security

Product description

Nature of dealing

Number of reference securities

Price per unit

1p ordinary

SWAP

Decreasing Short

382

3.0549 GBP

1p ordinary

SWAP

Increasing Short

1,984

3.0250 GBP

1p ordinary

SWAP

Increasing Short

2,708

3.0483 GBP

1p ordinary

SWAP

Increasing Short

2,637

3.0491 GBP

1p ordinary

SWAP

Increasing Short

4,202

3.0599 GBP

1p ordinary

SWAP

Increasing Short

1,839

3.0655 GBP

1p ordinary

SWAP

Increasing Short

664

3.0800 GBP

1p ordinary

CFD

Increasing Short

2,000

3.0302 GBP

1p ordinary

CFD

Increasing Short

1,155

3.0418 GBP

1p ordinary

CFD

Increasing Short

4,432

3.0557 GBP

1p ordinary

CFD

Increasing Short

192

3.0635 GBP

CHESS Depositary Interests

CFD

Decreasing Short

33,920

6.2654 AUD

CHESS Depositary Interests

CFD

Increasing Short

25,245

6.1721 AUD

CHESS Depositary Interests

CFD

Increasing Short

2,054,427

6.2157 AUD

(c)

Stock-settled derivative transactions (including options)

(i)

Writing, selling, purchasing or varying

Class of relevant security

Product description

Writing, purchasing, selling, varying etc

Number of securities to which option relates

Exercise price per unit

Type

Expiry date

Option money paid/ received per unit

(ii)

Exercise

Class of relevant security

Product description

Exercising/ exercised against

Number of securities

Exercise price per unit

(d)

Other dealings (including subscribing for new securities)

Class of relevant security

Nature of Dealings

Details

Price per unit (if applicable)

4.

OTHER INFORMATION

(a)

Indemnity and other dealings arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:

NONE

(b)

Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights of future acquisition or disposal of any relevant securities to which any derivative is referenced:

NONE

(c)

Attachments

Is a Supplemental Form 8 (Open Positions) attached?

NO

Date of disclosure:

29 Aug 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213