TIDMADT1

RNS Number : 7980Y

Adriatic Metals PLC

05 January 2024

5 January 2024

Adriatic Metals PLC

("Adriatic Metals" or the "Company")

ALLOTMENT OF SHARES

Adriatic Metals PLC (ASX:ADT, LSE:ADT1, OTCQX:ADMLF ) announces that it has allotted 211,650 new ordinary shares of GBP0.013355 each ("Shares") in connection with the exercise of 211,650 unlisted warrants at an issue price of GBP0.88 per share for a total consideration of GBP186,252.00. The Shares rank pari passu with the existing Ordinary shares.

Application will be made to the Financial Conduct Authority ("FCA") for admission of the Shares to the standard segment of the FCA's Official List and to the London Stock Exchange for admission of the Shares to trading on the Main Market of the London Stock Exchange's Main Market for listed securities ("Admission"). Admission of the Shares is expected to take place on or around 19 January 2024 .

The Company confirms that as at the date of this announcement, the Company's issued share capital comprises 292,946,069 ordinary shares of GBP0.013355 each, with each share carrying the right to one vote. The Company does not hold any ordinary shares in treasury.

The above figure of 292,946,069 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.

A cleansing notice and Appendix 2A (Notification of issue, conversion or payment up of equity securities) in relation to the allotment of the Shares has also been filed with the Australian Securities Exchange (ASX) and is available on the Company's website:

https://www.adriaticmetals.com/investors/asx-announcements/

** ENDS **

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 Paul Cronin, Managing Director and CEO.

For further information please visit: www.adriaticmetals.com ; email: info@adriaticmetals.com , @AdriaticMetals on Twitter; or contact:

 
 Adriatic Metals PLC 
 Paul Cronin / Klara Kaczmarek               Via Buchanan 
 
 Buchanan                                    Tel: +44 (0) 20 7466 
                                              5000 
 Bobby Morse / Oonagh Reidy                  adriatic@buchanan.uk.com 
 Morgans Corporate Limited 
 Rob Douglas / Sam Warriner / Mitch Duffy    Tel: +61 7 3334 4888 
 
 RBC Capital Markets 
 James Agnew / Jamil Miah                    Tel: +44 (0) 20 7653 
                                              4000 
 
 Stifel Nicolaus Europe Limited 
 Ashton Clanfield / Callum Stewart / Varun   Tel: +44 (0) 20 7710 
  Talwar                                      7600 
 
 Citadel Magnus 
 Cameron Gilenko                             Tel: +61 2 8234 0100

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 Q1 2024. Concurrent with ongoing construction activities, the Company continues to explore across its highly prospective 44km(2) concession package.

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END

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January 05, 2024 04:12 ET (09:12 GMT)

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