Adriatic Metals PLC DIRECTOR/PDMR SHARE DEALING (8006N)
June 06 2022 - 1:44AM
UK Regulatory
TIDMADT1
RNS Number : 8006N
Adriatic Metals PLC
06 June 2022
Adriatic Metals PLC
("Adriatic Metals" or the "Company")
(ASX:ADT, LSE:ADT1, OTCQX:ADMLF)
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 Paul Cronin
----------------------------- ----------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status Managing Director & CEO
----------------------------- ----------------------------------------
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 Purchase of ordinary shares
----------------------------- ----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
A$2.40 82,469
A$2.39 17,000
A$2.38 531
----------
----------------------------- ----------------------------------------
d) Aggregated information
* Aggregated volume 100,000
A$ 239,819.38
* Price
----------------------------- ----------------------------------------
e) Date of the transaction 2 June 2022
----------------------------- ----------------------------------------
f) Place of the transaction Australian Securities Exchange
----------------------------- ----------------------------------------
** ENDS **
Market Abuse Regulation Disclosure
The information contained within this announcement is deemed by
Adriatic (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 Adriatic is Paul Cronin, Managing
Director and CEO.
For further information please visit www.adriaticmetals.com or
@adriaticmetals visit 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
Buchanan
Bobby Morse / Ariadna Peretz Tel: +44 (0) 2074665151
The Capital Network
Julia Maguire / Lelde Smits Tel: +61 2 8999 3699
ABOUT ADRIATIC METALS
Adriatic Metals PLC (ASX:ADT, LSE:ADT1, OTCQX:ADMLF) 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 Silver Project is fully-funded to production, which is
expected in Q2 2023. The 2021 Project Definitive Feasibility Study
boasts robust economics of US$1,062 million post-tax NPV8, 134% IRR
and a capex of US$168 million. Concurrent with ongoing construction
activities, the Company continues to explore across its highly
prospective 41km(2) concession package.
There have been no material changes to the assumptions
underpinning the forecast financial information derived from the
production target in the 19 August 2021 DFS 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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