REG - Citigroup GM Aust. Adriatic Metals - Form 8.3 - [Adriatic Metals plc]

Adriatic MetalsAnnouncement

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RNS Number : 7863M  Citigroup GM Australia Pty Ltd  13 June 2025

AVS: 241603

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:                                       12 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:                     10,531,226  3.0499   864,372   0.2503
 (2) Cash-settled derivatives:

 (3) Stock-settled derivatives (including options) and agreements to
 purchase/sell:
                                                                      10,531,226  3.0499   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       10                    4.9900
 CHESS Depositary Interests  Purchase       1,287                 5.0000
 CHESS Depositary Interests  Purchase       670                   5.0050
 CHESS Depositary Interests  Purchase       26                    5.0200
 CHESS Depositary Interests  Purchase       200                   4.9950
 CHESS Depositary Interests  Purchase       20                    4.9850
 CHESS Depositary Interests  Purchase       200                   5.0150
 CHESS Depositary Interests  Purchase       148,371               4.9906
 CHESS Depositary Interests  Purchase       20                    5.0250
 CHESS Depositary Interests  Purchase       1,200                 4.9300
 CHESS Depositary Interests  Purchase       142,032               5.0106
 CHESS Depositary Interests  Purchase       6,292                 4.9906
 CHESS Depositary Interests  Sale           2,320                 4.9500
 CHESS Depositary Interests  Sale           804                   4.9900
 CHESS Depositary Interests  Sale           56,297                5.0000
 CHESS Depositary Interests  Sale           107,588               5.0100
 CHESS Depositary Interests  Sale           26,940                5.0050
 CHESS Depositary Interests  Sale           35,326                5.0200
 CHESS Depositary Interests  Sale           15,788                4.9950
 CHESS Depositary Interests  Sale           920                   4.9550
 CHESS Depositary Interests  Sale           121                   4.9000
 CHESS Depositary Interests  Sale           5,344                 4.9850
 CHESS Depositary Interests  Sale           12,627                5.0150
 CHESS Depositary Interests  Sale           1,128                 4.8600
 CHESS Depositary Interests  Sale           2,621                 4.9200
 CHESS Depositary Interests  Sale           1,939                 4.9600
 CHESS Depositary Interests  Sale           414                   4.8900
 CHESS Depositary Interests  Sale           3,586                 5.0250
 CHESS Depositary Interests  Sale           1,742                 4.9750
 CHESS Depositary Interests  Sale           3,509                 4.9650
 CHESS Depositary Interests  Sale           2,222                 4.9400
 CHESS Depositary Interests  Sale           2,644                 4.9300
 CHESS Depositary Interests  Sale           588                   4.9350
 CHESS Depositary Interests  Sale           2,295                 4.9150
 CHESS Depositary Interests  Sale           1,889                 4.9800
 CHESS Depositary Interests  Sale           4,004                 4.9450
 CHESS Depositary Interests  Sale           346                   4.8650
 CHESS Depositary Interests  Sale           3,214                 4.9700
 CHESS Depositary Interests  Sale           358                   5.0300
 CHESS Depositary Interests  Sale           1,577                 4.8550
 CHESS Depositary Interests  Sale           1,540                 5.0039
 CHESS Depositary Interests  Sale           44                    4.8800
 CHESS Depositary Interests  Sale           130                   4.9100
 CHESS Depositary Interests  Sale           76                    4.8700
 CHESS Depositary Interests  Sale           175                   4.9250
 CHESS Depositary Interests  Sale           212                   4.9050

 

 

 

 

 

 

 

(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:  13 June 2025
 Contact name:        Cathal McKenna
 Telephone number*:   02890 409544

 

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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