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.