Adriatic Metals PLC Block Listing Six Monthly Return (4163Q)
February 26 2021 - 2:00AM
UK Regulatory
TIDMADT1
RNS Number : 4163Q
Adriatic Metals PLC
26 February 2021
Adriatic Metals PLC
('Adriatic Metals' or the 'Company')
(ASX:ADT, LSE:ADT1)
BLOCK LISTING SIX MONTHLY RETURN
Name of applicant: Adriatic Metals PLC
Name of scheme: Employees' and Consultants' Incentive Plan
-----------------------------------------------
Period of return: From: 27/08/2020 To: 26/02/2021
----------------------- ----------------- ------- -------------------
Balance of unallotted securities under scheme(s) from previous
return: 17,500,000
-----------------------------------------------
Plus: The amount by which the block scheme(s) has been increased n/a
since the date of the last
return (if any increase has been applied for):
-----------------------------------------------
Less: Number of securities issued/allotted under scheme(s) during
period (see LR3.5.7G): 2,050,000
-----------------------------------------------
Equals: Balance under scheme(s) not yet issued/allotted at end of
period: 15,450,000
-----------------------------------------------
Name of contact: Geoffrey Eyre
Telephone number of contact: +44 (0) 207 993 0066
---------------------
Note: Italicised terms have the same meaning as given in the
Listing Rules.)
** ENDS **
For further information please visit www.adriaticmetals.com ;
@AdriaticMetals on Twitter; or contact:
Adriatic Metals PLC
Paul Cronin / Emma Chetwynd Stapylton Tel: +44 (0) 7515 357842
Tavistock Communications Limited
Charles Vivian Tel: +44 (0) 7977 297903
Edward Lee Tel: +44 (0) 7736 220565
Gareth Tredway Tel: +44 (0) 7785 974264
The Capital Network
Julia Maguire/Lelde Smits Tel: +61 2 8999 3699
ABOUT ADRIATIC METALS
Adriatic Metals Plc (ASX:ADT, LSE:ADT1) is a precious and base
metals explorer and developer that owns the world-class Vares
Silver Project in Bosnia & Herzegovina and holds licences
across the Raska District in Serbia.
The Vares project's captivating economics and impressive
resource inventory have attracted Adriatic's highly experienced
team, which is expediting exploration efforts to expand the current
JORC resource. Results of a recent pre-feasibility study announced
on 15 October 2020 indicate a post-tax NPV(8) % of US$1,040 million
and IRR of 113%. Leveraging its first-mover advantage, Adriatic is
rapidly advancing the project into the development phase and
through to production with significant cornerstone investment of
US$28 million from Queen's Road Capital Investment and EBRD.
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. There have been no material changes
to the assumptions and technical parameters on the updated Mineral
Resource Estimate announced on 1 September 2020 and these
assumptions continue to apply.
Adriatic Metals acquired TSX-listed Tethyan Resource Corp in
2020, to advance the former Kizevak and Sastavci polymetallic mines
in the Raska District, southern Serbia.
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END
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