Adriatic Metals PLC Director/PDMR Shareholding (2377B)
June 09 2021 - 01:00AM
UK Regulatory
TIDMADT1
RNS Number : 2377B
Adriatic Metals PLC
09 June 2021
Adriatic Metals PLC
("Adriatic Metals" or the "Company")
(ASX:ADT, LSE:ADT1)
DIRECTOR/PDMR SHARE DEALING
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY
ASSOCIATED WITH THEM
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Julian Barnes
----------------------------- ----------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status Non-Executive Director
----------------------------- ----------------------------------------
b) Initial notification/ Initial notification
Amendment
----------------------------- ----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name Adriatic Metals PLC
----------------------------- ----------------------------------------
b) LEI 549300OHAH2GL1DP0L61
----------------------------- ----------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
-----------------------------------------------------------------------
a) Description of
the financial instrument, Adriatic Metals PLC CHESS Depositary
type of instrument Interests (ordinary shares)
Identification ISIN: AU0000004772
code
----------------------------- ----------------------------------------
b) Nature of the transaction Exercise of options
----------------------------- ----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
A$0.30 1,000,000
----------
----------------------------- ----------------------------------------
d) Aggregated information
* Aggregated volume 1,000,000
A$ 300,000
* Price
----------------------------- ----------------------------------------
e) Date of the transaction 8 June 2021
----------------------------- ----------------------------------------
f) Place of the transaction Outside a trading venue
----------------------------- ----------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Peter Bilbe
----------------------------- ----------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status Non-Executive Director
----------------------------- ----------------------------------------
b) Initial notification/ Initial notification
Amendment
----------------------------- ----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name Adriatic Metals PLC
----------------------------- ----------------------------------------
b) LEI 549300OHAH2GL1DP0L61
----------------------------- ----------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
-----------------------------------------------------------------------
a) Description of
the financial instrument, Adriatic Metals PLC CHESS Depositary
type of instrument Interests (ordinary shares)
Identification ISIN: AU0000004772
code
----------------------------- ----------------------------------------
b) Nature of the transaction Exercise of options
----------------------------- ----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
A$0.30 900,000
----------
----------------------------- ----------------------------------------
d) Aggregated information
* Aggregated volume 900,000
A$ 270,000
* Price
----------------------------- ----------------------------------------
e) Date of the transaction 8 June 2021
----------------------------- ----------------------------------------
f) Place of the transaction Outside a trading venue
----------------------------- ----------------------------------------
MARKET ABUSE REGULATION DISCLOSURE
The information contained within this announcement is deemed by
the Company (LEI: 549300OHAH2GL1DP0L61) to constitute inside
information as stipulated under the Market Abuse Regulations (EU)
No. 596/2014. The person responsible for arranging and authorising
the release of this announcement on behalf of the Company is Paul
Cronin, Managing Director and CEO.
For further information please visit www.adriaticmetals.com ,
@AdriaticMetals on Twitter, or contact:
Adriatic Metals PLC
Paul Cronin / Thomas Horton Tel: +44 (0) 7866
913207
Canaccord Genuity Limited (Joint Corporate
Broker)
Jeremy Dunlop (Australia) Tel: +61 2 9263
2700
James Asensio (UK) Tel: +44 (0) 207
523 8000
RBC Capital Markets (Joint Corporate
Broker)
Marcus Jackson / Jamil Miah Tel: +44 (0) 20
7653 4000
Stifel Nicolaus Europe Limited (Joint
Corporate Broker)
Ashton Clanfield / Callum Stewart Tel: +44 (0) 20
7710 7600
Tavistock Communications Limited
Charles Vivian Tel: +44 (0) 7977
297 903
The Capital Network
Julia Maguire / Lelde Smits Tel: +61 2 8999
3699
ABOUT ADRIATIC METALS
Adriatic Metals PLC (ASX:ADT, LSE:ADT1) is a precious and base
metals developer that is advancing the world-class Vares Silver
Project in Bosnia & Herzegovina, as well as the Raska
Zinc-Silver Project in Serbia.
The Vares Project Pre-Feasibility Study boasts robust economics
of US$1,040 million post-tax NPV(8) , 113% post-tax IRR and a capex
of US$173 million. Adriatic is the only publicly listed mining
company exploring in Bosnia and is leveraging its first-mover
advantage. The Company is well-funded and concurrent with the
advancing Definitive Feasibility Study, continues to explore across
its large, highly prospective 41km2 concession package.
Adriatic Metals completed the acquisition TSX-listed Tethyan
Resource Corp. in Q4 2020, which contained the Raska Zinc-Silver
Project in southern Serbia. The Company is exploring across its
99km(2) highly prospective concession area, which includes around
the formerly operating Kizevak and Sastavci polymetallic mines.
There have been no material changes to the assumptions
underpinning the forecast financial information derived from the
production target in the 15 October 2020 announcement and these
assumptions continue to apply and have not materially changed.
Adriatic Metals is not aware of any new information or data that
materially affects the information included in the announcement of
the updated Mineral Resource Estimate announced on 1 September 2020
and all material assumptions and technical parameters underpinning
the Mineral Resource Estimate continue to apply and have not
materially changed.
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END
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