19 March 2025
Adriatic Metals PLC
("Adriatic" or the "Company")
ALLOTMENT OF TRANCHE 2 PLACEMENT SECURITIES
Adriatic Metals PLC (ASX:ADT, LSE:ADT1, OTCQX:ADMLF) announces the allotment today of 9,420,444 new ordinary shares of £0.013355 each in the capital of the Company ("New Ordinary Shares") at the issue price of A$3.90 per New Ordinary Share in respect of Tranche 2 of the Placement referred to in the Company's announcement of 18 February 2025.
Applications have been made to the UK Financial Conduct Authority ("FCA") for admission of the New Ordinary Shares to the Equity Shares (Transition) Category of the Official List of the FCA and to the London Stock Exchange plc for admission to trading of the New Ordinary Shares on its main market for listed securities ("Admission"). It is expected that Admission of the New Ordinary Shares will become effective at or around 8.00 a.m. on Thursday 20 March 2025 and that dealings in such New Ordinary Shares will commence at that time.
The Company confirms that with effect from 4.00pm (London time) on the date of this announcement, the Company's issued share capital will comprise 345,295,293 ordinary shares of £0.013355 each, with each share carrying the right to one vote. The Company does not hold any ordinary shares in treasury. The above figure of 345,295,293 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or of a change to their interest in the Company under the FCA's Disclosure and Transparency Rules.
Authorised by Laura Tyler, CEO and Managing Director of Adriatic Metals.
For further information please visit: www.adriaticmetals.com; email: info@adriaticmetals.com, or contact:
| Adriatic Metals PLC | |
| Klara Kaczmarek GM - Corporate Development | Tel: +44 (0) 7859 048228 |
| | |
| Burson Buchanan | Tel: +44 (0) 20 7466 5000 |
| Bobby Morse / Oonagh Reidy | |
| RBC Europe Limited |
|
| Farid Dadashev / James Agnew / Jamil Miah | Tel: +44 (0) 20 7653 4000 |
| | |
| Stifel Nicolaus Europe Limited | |
| Ashton Clanfield / Callum Stewart / Varun Talwar | Tel: +44 (0) 20 7710 7600 |
| | |
| Sodali & Co | |
| Cameron Gilenko | Tel: +61 466 984 953 |
MARKET ABUSE REGULATION DISCLOSURE
The information contained within this announcement is deemed by the Company (LEI: 549300OHAH2GL1DP0L61) to constitute inside information for the purpose of Article 7 of EU Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended. The person responsible for arranging and authorising the release of this announcement on behalf of the Company is Laura Tyler, CEO and Managing Director.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.