Source - LSE Regulatory
RNS Number : 2013V
Adriatic Metals PLC
10 December 2021
 

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

Chief Executive Officer and Managing Director

b)

Initial notification/ Amendment

Initial notification

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, type of instrument

Identification code

 

Adriatic Metals PLC CHESS Depositary Interests (ordinary shares)

ISIN: AU0000004772

 

b)

Nature of the transaction

Exercise of performance rights

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0.013355

750,000

 

d)

Aggregated information

-   Aggregated volume

-      Price

 

750,000

£10,016.25

e)

Date of the transaction

9 December 2021

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Dominic Roberts

2

Reason for the notification

a)

Position/status

Head of Corporate Affairs

b)

Initial notification/ Amendment

Initial notification

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, type of instrument

Identification code

 

Adriatic Metals PLC CHESS Depositary Interests (ordinary shares)

ISIN: AU0000004772

b)

Nature of the transaction

Exercise of performance rights

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0.013355

500,000

 

d)

Aggregated information

-   Aggregated volume

-      Price

 

500,000

£6,677.50

e)

Date of the transaction

9 December 2021

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Geoffrey Eyre

2

Reason for the notification

a)

Position/status

Chief Financial Officer

b)

Initial notification/ Amendment

Initial notification

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, type of instrument

Identification code

 

Adriatic Metals PLC CHESS Depositary Interests (ordinary shares)

ISIN: AU0000004772

b)

Nature of the transaction

Exercise of performance rights

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0.013355

250,000

 

d)

Aggregated information

-   Aggregated volume

-      Price

 

250,000

£3,338.75

e)

Date of the transaction

9 December 2021

f)

Place of the transaction

Outside a trading venue

 

** 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 2021 Vares Silver Project Definitive Feasibility Study boasts robust economics of US$1,062 million post-tax NPV8, 134% IRR and a capex of US$168 million. The Company is well-funded and concurrent with the advancing the Vares Silver Project into construction, it continues to explore across its highly prospective 41km2 concession package.

 

Adriatic Metals completed the acquisition of TSX-listed explorer Tethyan Resource Corp.  in Q4 2020, which contained the Raska Zinc-Silver Project in southern Serbia. The Company is exploring across its 99km2 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 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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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.
 
END
 
 
DSHDKCBDCBDDBBK
Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account. AJBell logo

Related Charts

Adriatic Metals PLC (ADT1)

+1.40p (+0.72%)
delayed 17:30PM