REG - Adriatic Metals - Notification of Major Holdings

Adriatic MetalsAnnouncement

04/07/2025 13:45

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RNS Number : 8527P  Adriatic Metals PLC  04 July 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 voting rights

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-Jul-2025

6. Date on which Issuer notified

04-Jul-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  13.377500                                             14.053800                                                                  27.431300                       94777711
 Position of previous notification (if applicable)                          7.308300                                              19.795200                                                                  27.103500

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                                                                          46220569                                                                         13.377500
 Sub Total 8.A                                46220569                                                                              13.377500%

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                         7297380                  2.112100
 Cash Settled Equity Swap      14/11/2025       14/11/2025                  Cash                         4414544                  1.277700
 Cash Settled Equity Swap      15/12/2027       15/12/2027                  Cash                         9184888                  2.658400
 Cash Settled Equity Swap      29/01/2027       29/01/2027                  Cash                         13720488                 3.971100
 Cash Settled Equity Swap      28/02/2035       28/02/2035                  Cash                         2973130                  0.860500
 Cash Settled Equity Swap      12/11/2026       12/11/2026                  Cash                         750000                   0.217100
 Cash Settled Equity Swap      17/11/2025       17/11/2025                  Cash                         1925842                  0.557400
 Cash Settled Equity Swap      16/11/2027       16/11/2027                  Cash                         4411625                  1.276800
 Cash Settled Equity Swap      16/11/2027       16/11/2027                  Cash                         678990                   0.196500
 Cash Settled Equity Swap      30/01/2026       30/01/2026                  Cash                         3200255                  0.926200
 Sub Total 8.B2                                                                                          48557142                 14.053800%

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  13.377500                                                                   14.053800                                                                   27.431300%

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

04-Jul-2025

13. Place Of Completion

London

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