Adriatic Metals - Allotment of Shares
05/01/2024 17:16
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RNS Number : 8550Y Adriatic Metals PLC 05 January 2024
5 January 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
allotted 1,909,000 new ordinary shares of £0.013355 each ("Shares") in
connection with the exercise of 1,909,000 unlisted warrants at an issue price
of £0.88 per share for a total consideration of £1,679,920.00. The Shares
rank pari passu with the existing Ordinary shares.
Application will be made to the Financial Conduct Authority ("FCA") for
admission of the Shares to the standard segment of the FCA's Official List
and to the London Stock Exchange for admission of the Shares to trading on the
Main Market of the London Stock Exchange's Main Market for listed securities
("Admission"). Admission of the Shares is expected to take place on or around
19 January 2024.
The Company confirms that as at the date of this announcement, the Company's
issued share capital comprises 294,855,069 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 294,855,069 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
(http://www.adriaticmetals.com/) ; email: info@adriaticmetals.com
(mailto:info@adriaticmetals.com) , @AdriaticMetals
(https://twitter.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 (mailto: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 44km(2) concession package.
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