REG - Adriatic Metals - Notification of Major Holdings

Adriatic MetalsAnnouncement

05/03/2025 17:15

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RNS Number : 5256Z  Adriatic Metals PLC  05 March 2025

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 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

03-Mar-2025

6. Date on which Issuer notified

05-Mar-2025

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  0.377251                                              20.905028                                                                  21.282279                       71481825
 Position of previous notification (if applicable)                          0.390503                                              19.624463                                                                  20.014966

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                                                                          0.377251
 Sub Total 8.A                                1267092                                                                               0.377251%

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      28/02/2035       28/02/2035                  Cash                         5860292                  1.744784
 Cash Settled Equity Swap      14/11/2025       14/11/2025                  Cash                         7042466                  2.096753
 Cash Settled Equity Swap      30/11/2034       30/11/2034                  Cash                         12657561                 3.768535
 Cash Settled Equity Swap      15/12/2027       15/12/2027                  Cash                         6179349                  1.839777
 Cash Settled Equity Swap      29/01/2027       29/01/2027                  Cash                         26977233                 8.031930
 Cash Settled Equity Swap      28/02/2035       28/02/2035                  Cash                         531120                   0.158130
 Cash Settled Equity Swap      17/11/2025       17/11/2025                  Cash                         1925842                  0.573381
 Cash Settled Equity Swap      16/11/2027       16/11/2027                  Cash                         4411625                  1.313473
 Cash Settled Equity Swap      16/11/2027       16/11/2027                  Cash                         678990                   0.202156
 Cash Settled Equity Swap      30/01/2026       30/01/2026                  Cash                         3950255                  1.176109
 Sub Total 8.B2                                                                                          70214733                 20.905028%

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                                                                              20.905028                                                                   21.282279%

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

05-Mar-2025

13. Place Of Completion

London

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