REG - Adriatic Metals - ALLOTMENT OF TRANCHE 2 PLACEMENT SECURITIES

Adriatic MetalsAnnouncement

19/03/2025 10:45

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RNS Number : 3138B  Adriatic Metals PLC  19 March 2025

19 March 2025

 

Adriatic Metals PLC

("Adriatic" or the "Company")

ALLOTMENT OF TRANCHE 2 PLACEMENT SECURITIES

Adriatic Metals PLC (ASX:ADT, LSE:ADT1, OTCQX:ADMLF) announces the allotment
today of 9,420,444 new ordinary shares of £0.013355 each in the capital of
the Company ("New Ordinary Shares") at the issue price of A$3.90 per New
Ordinary Share in respect of Tranche 2 of the Placement referred to in the
Company's announcement of 18 February 2025.

 

Applications have been made to the UK Financial Conduct Authority ("FCA") for
admission of the New Ordinary Shares to the Equity Shares (Transition)
Category of the Official List of the FCA and to the London Stock Exchange plc
for admission to trading of the New Ordinary Shares on its main market for
listed securities ("Admission"). It is expected that Admission of the New
Ordinary Shares will become effective at or around 8.00 a.m. on Thursday 20
March 2025 and that dealings in such New Ordinary Shares will commence at that
time.

 

The Company confirms that with effect from 4.00pm (London time) on the date of
this announcement, the Company's issued share capital will comprise
345,295,293 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 345,295,293 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.

** ENDS **

 

Authorised by Laura Tyler, CEO and Managing Director of Adriatic Metals.

For further information please visit: www.adriaticmetals.com
(http://www.adriaticmetals.com/) ; email: info@adriaticmetals.com
(mailto:info@adriaticmetals.com) , or contact:

 Adriatic Metals PLC
 Klara Kaczmarek                                   Tel: +44 (0) 7859 048228

 GM - Corporate Development                        Klara.kaczmarek@adriaticmetals.com (mailto: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 Europe Limited
 Farid Dadashev / 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

 

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, CEO and
Managing Director.

 

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