REG - Adriatic Metals - Notification of Major Holdings

Adriatic MetalsAnnouncement

08/05/2024 07:00

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RNS Number : 5722N  Adriatic Metals PLC  08 May 2024

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

GB00BL0L5G04

Issuer Name

ADRIATIC METALS PLC

UK or Non-UK Issuer

UK

2. Reason for Notification

An acquisition or disposal of voting rights; An acquisition or disposal of
financial instruments

3. Details of person subject to the notification obligation

Name

Helikon Investments Limited

City of registered office (if applicable)

London

Country of registered office (if applicable)

United Kingdom

4. Details of the shareholder

 Name                                        City of registered office  Country of registered office
 Helikon Long Short Equity Fund Master ICAV  Dublin                     Ireland

5. Date on which the threshold was crossed or reached

02-May-2024

6. Date on which Issuer notified

07-May-2024

7. Total positions of person(s) subject to the notification obligation

 .                                                                          % of voting rights attached to shares (total of 8.A)  % of voting rights through financial instruments (total of 8.B 1 + 8.B 2)  Total of both in % (8.A + 8.B)  Total number of voting rights held in issuer
 Resulting situation on the date on which threshold was crossed or reached  0.413782                                              17.357491                                                                  17.771273                       54419558
 Position of previous notification (if applicable)                          0.417653                                              17.618024                                                                  18.035677

8. Notified details of the resulting situation on the date on which the
threshold was crossed or reached

8A. Voting rights attached to shares

 Class/Type of shares ISIN code(if possible)  Number of direct voting rights (DTR5.1)  Number of indirect voting rights (DTR5.2.1)  % of direct voting rights (DTR5.1)  % of indirect voting rights (DTR5.2.1)
 AU0000004772                                                                          1267092                                                                          0.413782
 Sub Total 8.A                                1267092                                                                               0.413782%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

 Type of financial instrument  Expiration date  Exercise/conversion period  Number of voting rights that may be acquired if the instrument is  % of voting rights
                                                                            exercised/converted

 Sub Total 8.B1

8B2. Financial Instruments with similar economic effect according to
(DTR5.3.1R.(1) (b))

 Type of financial instrument  Expiration date  Exercise/conversion period  Physical or cash settlement  Number of voting rights  % of voting rights
 Cash Settled Equity Swap      17/12/2024       17/12/2024                  Cash                         1501236                  0.490244
 Cash Settled Equity Swap      02/04/2025       02/04/2025                  Cash                         3856497                  1.259379
 Cash Settled Equity Swap      03/12/2024       03/12/2024                  Cash                         678990                   0.221731
 Cash Settled Equity Swap      30/01/2026       30/01/2026                  Cash                         3950255                  1.289997
 Cash Settled Equity Swap      21/10/2024       21/10/2024                  Cash                         3456160                  1.128645
 Cash Settled Equity Swap      05/06/2032       05/06/2032                  Cash                         9294466                  3.035205
 Cash Settled Equity Swap      03/01/2025       03/01/2025                  Cash                         6179349                  2.017931
 Cash Settled Equity Swap      29/01/2027       29/01/2027                  Cash                         24235513                 7.914359
 Sub Total 8.B2                                                                                          53152466                 17.357491%

9. Information in relation to the person subject to the notification
obligation

2. Full chain of controlled undertakings through which the voting rights
and/or the financial instruments are effectively held starting with the
ultimate controlling natural person or legal entities (please add additional
rows as necessary)

 Ultimate controlling person                 Name of controlled undertaking              % of voting rights if it equals or is higher than the notifiable threshold  % of voting rights through financial instruments if it equals or is higher  Total of both if it equals or is higher than the notifiable threshold
                                                                                                                                                                     than the notifiable threshold
 Helikon Long Short Equity Fund Master ICAV  Helikon Long Short Equity Fund Master ICAV                                                                              17.357491                                                                   17.357491%

10. In case of proxy voting

Name of the proxy holder

 

The number and % of voting rights held

 

The date until which the voting rights will be held

 

11. Additional Information

 

12. Date of Completion

07-May-2024

13. Place Of Completion

London

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