Last checked at 15 May 2020 07:00
Adriatic Metals PLC
('Adriatic Metals' or the 'Company')
DIRECTOR / PDMR DEALING
Adriatic Metals PLC (ASX:ADT, LON:ADT1) advises that 8,425,564 shares, in the form of Chess Depositary Interests, and 2,500,000 Unlisted Options in the Company previously held indirectly by Mr Cronin via his wife have been transferred into a direct holding in Mr Cronin's name.
Aside from the transfer noted above, there have been no changes in the total shares, share options or performance rights in the Company held by Mr Cronin since the previous market announcement on 9 January 2020.
In accordance with the ASX Listing Rules, an Appendix 3Y, "Change of Director's Interest Notice", for Mr Paul Cronin has been issued to the Australian Securities Exchange.
The Appendix 3Y is available on the Company's website: https://www.adriaticmetals.com/investors/asx-announcements/
Authorised by, and for further information please contact:
Gabriel ChiappiniJoint Company Secretaryinfo@adriaticmetals.com
** ENDS **
MARKET ABUSE REGULATION DISCLOSURE
The information contained within this announcement is deemed by the Company (LEI: 549300OHAH2GL1DP0L61) to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. The person responsible for arranging the release of this announcement on behalf of the Company is Paul Cronin, Managing Director and CEO.
The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail on the grant of options to PDMRs.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Paul Cronin | ||||
2 | Reason for the notification | |||||
a) | Position/status | Managing Director and CEO | ||||
b) | Initial notification/ Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Adriatic Metals PLC | ||||
b) | LEI | 549300OHAH2GL1DP0L61 | ||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares
ISIN: GB00BL0L5G04
| ||||
b) | Nature of the transaction | Transfer from spouse | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
8,425,564 GBP Nil | ||||
e) | Date of the transaction | 14 May 2020 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Paul Cronin | ||||
2 | Reason for the notification | |||||
a) | Position/status | Managing Director and CEO | ||||
b) | Initial notification/ Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Adriatic Metals PLC | ||||
b) | LEI | 549300OHAH2GL1DP0L61 | ||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument, type of instrument Identification code | Unlisted Options
ISIN: GB00BL0L5G04
| ||||
b) | Nature of the transaction | Transfer from spouse | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
2,500,000 GBP Nil | ||||
e) | Date of the transaction | 14 May 2020 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
ABOUT ADRIATIC METALS
Adriatic Metals PLC (ASX:ADT, LON:ADT1) ("Adriatic" or "Company") is a dual listed (ASX and LSE) precious and base metals explorer and developer via its 100% interest in the Vareš Project in Bosnia & Herzegovina. The Project comprises a historic open cut mine at Veovača and brownfield exploration at Rupice, an advanced proximal deposit which exhibits exceptionally high grades of base and precious metals. Adriatic's short-term aim is to expand the current JORC resource at high-grade Rupice deposit, as well as conduct exploration on a number of other prospects within the expanded Concession. Adriatic has attracted a world class team to expedite its exploration efforts and to rapidly advance the Company into the development phase and utilise its first mover advantage and strategic assets in Bosnia.