REG - Adriatic Metals - ALLOTMENT OF SHARES & GRANT OF PERFORMANCE RIGHTS

Adriatic MetalsAnnouncement

24/02/2025 11:45

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RNS Number : 2301Y  Adriatic Metals PLC  24 February 2025

24 February 2025

 

Adriatic Metals PLC

("Adriatic Metals" or the "Company")

 

ALLOTMENT OF SHARES AND GRANT OF PERFORMANCE RIGHTS

 

Adriatic Metals PLC (ASX:ADT, LSE:ADT1, OTCQX:ADMLF) announces that it has on
21 February 2025 allotted the following new ordinary shares of £0.013355 each
in the capital of the Company ("Shares"):

·      55,589 Shares in connection with the exercise of 55,589 unlisted
performance rights at an issue price of £0.013355 per share for a total
consideration of £742.39.  Admission of the Shares to the Equity Shares
(Transition) Category of the Financial Conduct Authority ("FCA")  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.

·      50,000 Shares ("Award Shares") at an issue price of £0.013355
per share for a total consideration of £667.75 to a consultant of the Company
in lieu of an award of the performance rights intended to have been awarded to
the consultant in connection with services provided to the Company.
Applications will be made to the Financial Conduct Authority ("FCA") for
admission of the Award Shares to ‎the Equity Shares (Transition) Category of
the FCA's Official List and to the London Stock Exchange for admission of
the New Ordinary Shares to trading on the Main Market of the London Stock
Exchange's Main Market for listed securities ("Admission"). Admission of the
Award Shares is expected to take place on or around 4 March 2025.

The Company has also granted 100,000 unlisted performance rights ("PRs")
vesting on 31 December 2025 under the Company's Employment Incentive Plans.
Each PR gives the holder the right to one new ordinary share of £0.013355 in
the capital of the Company, subject to satisfying performance-related vesting
conditions.

The Company confirms that as at the date of this announcement, the Company's
issued share capital comprises 324,582,472 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 324,582,472 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.

The Company confirms that with effect from 25 February 2025 (following the
allotment of the 11,092,377 new ordinary Shares to be issued under Tranche 1
of the Placement referred to in the Company's announcement of 18 February
2025), the Company's issued share capital will comprise 335,674,849 ordinary
shares of 1.3355 pence each, with each share carrying the right to one vote.
With effect from 25 February 2025, the above figure of 335,674,849 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 Laura Tyler, 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
 Klara Kaczmarek                                   klara.kaczmarek@adriaticmetals.com

 Burson Buchanan                                   Tel: +44 (0) 20 7466 5000
 Bobby Morse / Oonagh Reidy                        adriatic@buchanan.uk.com (mailto:adriatic@buchanan.uk.com)
 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

 Sodali & Co
 Cameron Gilenko                                   Tel: +61 466 984 953

 

 

 

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