REG - Citigroup GM Aust. Adriatic Metals - Form 8.3 - Adriatic Metals PLC

Adriatic MetalsAnnouncement

06/06/2025 09:45

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RNS Number : 8020L  Citigroup GM Australia Pty Ltd  06 June 2025

FORM 8.3

 

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE

Rule 8.3 of the Takeover Code (the "Code")

 

1.         KEY INFORMATION

 

 (a) Full name of discloser:                                                      Citigroup GM Australia Pty Ltd
 (b) Owner or controller of interests and short positions disclosed, if           N/A
 different from 1(a):

      The naming of nominee or vehicle companies is insufficient.  For a
 trust, the trustee(s), settlor and beneficiaries must be named.
 (c) Name of offeror/offeree in relation to whose relevant securities this form   Adriatic Metals plc
 relates:

      Use a separate form for each offeror/offeree
 (d) If an exempt fund manager connected with an offeror/offeree, state this      N/A
 and specify identity of offeror/offeree:
 (e) Date position held/dealing undertaken:                                       05 June 2025

      For an opening position disclosure, state the latest practicable date
 prior to the disclosure
 (f)  In addition to the company in 1(c) above, is the discloser making           N/A
 disclosures in respect of any other party to the offer?

      If it is a cash offer or possible cash offer, state "N/A"

 

2.         POSITIONS OF THE PERSON MAKING THE DISCLOSURE

 

If there are positions or rights to subscribe to disclose in more than one
class of relevant securities of the offeror or offeree named in 1(c), copy
table 2(a) or (b) (as appropriate) for each additional class of relevant
security.

 

(a)        Interests and short positions in the relevant securities of
the offeror or offeree to which the disclosure relates following the dealing
(if any)

 

 Class of relevant security:                                          CHESS Depositary Interests

                                                                      Interests            Short positions

                                                                      Number      %        Number    %
 (1) Relevant securities owned and/or controlled:                     10,532,976  3.0504   864,372   0.2503
 (2) Cash-settled derivatives:

 (3) Stock-settled derivatives (including options) and agreements to
 purchase/sell:
                                                                      10,532,976  3.0504   864,372   0.2503

      TOTAL:

 

All interests and all short positions should be disclosed.

 

Details of any open stock-settled derivative positions (including traded
options), or agreements to purchase or sell relevant securities, should be
given on a Supplemental Form 8 (Open Positions).

 

(b)        Rights to subscribe for new securities (including directors'
and other employee options)

 

 Class of relevant security in relation to which subscription right exists:
 Details, including nature of the rights concerned and relevant percentages:

 

 

3.         DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

 

Where there have been dealings in more than one class of relevant securities
of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as
appropriate) for each additional class of relevant security dealt in.

 

The currency of all prices and other monetary amounts should be stated.

 

(a)        Purchases and sales

 

 Class of relevant security  Purchase/sale  Number of securities  Price per unit (AUD)
 CHESS Depositary Interests  Purchase       2,033                 5.2650
 CHESS Depositary Interests  Purchase       3,913                 5.3200
 CHESS Depositary Interests  Purchase       1,264                 5.2700
 CHESS Depositary Interests  Purchase       1,795                 5.3250
 CHESS Depositary Interests  Purchase       1,712                 5.2550
 CHESS Depositary Interests  Purchase       1,890                 5.3500
 CHESS Depositary Interests  Purchase       700                   5.2716
 CHESS Depositary Interests  Purchase       2,840                 5.3100
 CHESS Depositary Interests  Purchase       4,958                 5.2500
 CHESS Depositary Interests  Purchase       551                   5.2850
 CHESS Depositary Interests  Purchase       1,143                 5.3400
 CHESS Depositary Interests  Purchase       2,842                 5.3150
 CHESS Depositary Interests  Purchase       1,071                 5.2600
 CHESS Depositary Interests  Purchase       635                   5.3000
 CHESS Depositary Interests  Purchase       1,434                 5.3300
 CHESS Depositary Interests  Purchase       886                   5.2750
 CHESS Depositary Interests  Purchase       1,481                 5.2900
 CHESS Depositary Interests  Purchase       875                   5.3600
 CHESS Depositary Interests  Purchase       214                   5.2950
 CHESS Depositary Interests  Purchase       936                   5.2800
 CHESS Depositary Interests  Purchase       456                   5.3450
 CHESS Depositary Interests  Purchase       415                   5.3700
 CHESS Depositary Interests  Purchase       455                   5.3050
 CHESS Depositary Interests  Purchase       107                   5.2450
 CHESS Depositary Interests  Purchase       602                   5.3650
 CHESS Depositary Interests  Purchase       321                   5.3550
 CHESS Depositary Interests  Purchase       321                   5.3350
 CHESS Depositary Interests  Purchase       477                   5.3800
 CHESS Depositary Interests  Purchase       214                   5.3850
 CHESS Depositary Interests  Sale           700                   5.3200
 CHESS Depositary Interests  Sale           481                   5.2700
 CHESS Depositary Interests  Sale           3,000                 5.2500
 CHESS Depositary Interests  Sale           80                    5.3300
 CHESS Depositary Interests  Sale           219                   5.2750
 CHESS Depositary Interests  Sale           800                   5.3196
 CHESS Depositary Interests  Sale           31,261                5.3056

 

 

(b)        Cash-settled derivative transactions

 

 Class of relevant security  Product description  Nature of dealing                                                              Number of reference securities  Price per unit

                             e.g. CFD             e.g. opening/closing a long/short position, increasing/reducing a long/short
                                                  position

 

(c)        Stock-settled derivative transactions (including options)

 

(i)         Writing, selling, purchasing or varying

 

 Class of relevant security  Product description e.g. call option  Writing, purchasing, selling, varying etc.  Number of securities to which option relates  Exercise price per unit  Type                           Expiry date  Option money paid/ received per unit

                                                                                                                                                                                      e.g. American, European etc.

 

(ii)        Exercise

 

 Class of relevant security  Product description  Exercising/ exercised against  Number of securities  Exercise price per unit

                             e.g. call option

 

(d)        Other dealings (including subscribing for new securities)

 

 Class of relevant security  Nature of dealing               Details  Price per unit (if applicable)

                             e.g. subscription, conversion

 

 

4.         OTHER INFORMATION

 

(a)        Indemnity and other dealing arrangements

 

 Details of any indemnity or option arrangement, or any agreement or
 understanding, formal or informal, relating to relevant securities which may
 be an inducement to deal or refrain from dealing entered into by the person
 making the disclosure and any party to the offer or any person acting in
 concert with a party to the offer:

 Irrevocable commitments and letters of intent should not be included.  If
 there are no such agreements, arrangements or understandings, state "none"

 

(b)        Agreements, arrangements or understandings relating to
options or derivatives

 

 Details of any agreement, arrangement or understanding, formal or informal,
 between the person making the disclosure and any other person relating to:

 (i)  the voting rights of any relevant securities under any option; or

 (ii) the voting rights or future acquisition or disposal of any relevant
 securities to which any derivative is referenced:

 If there are no such agreements, arrangements or understandings, state "none"

 

(c)        Attachments

 

 Is a Supplemental Form 8 (Open Positions) attached?  NO

 

 

 Date of disclosure:  06 June 2025
 Contact name:        Christopher Alexander Pollock
 Telephone number*:   2895 954053

 

Public disclosures under Rule 8 of the Code must be made to a Regulatory
Information Service.

 

The Panel's Market Surveillance Unit is available for consultation in relation
to the Code's disclosure requirements on +44 (0)20 7638 0129.

 

*If the discloser is a natural person, a telephone number does not need to be
included, provided contact information has been provided to the Panel's Market
Surveillance Unit.

 

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk
(http://www.thetakeoverpanel.org.uk) .

 

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