Adriatic Metals PLC DIRECTOR/PDMR SHARE DEALING (9288Q)
01 November 2021 - 11:13PM
UK Regulatory
TIDMADT1
RNS Number : 9288Q
Adriatic Metals PLC
01 November 2021
Adriatic Metals PLC
("Adriatic Metals" or the "Company")
DIRECTOR/PDMR SHARE DEALING
Adriatic Metals PLC (ASX:ADT, LSE:ADT1, OTCQX:ADMLF ) confirms
that, as previously anticipated in the Results of Placing
accouncement on 13 October 2021, Mr Paul Cronin today sold
3,000,000 ordinary shares in the Company.
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/ 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 code ISIN: AU0000004772
----------------------------- ----------------------------------------
b) Nature of the transaction Sale of ordinary shares
----------------------------- ----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
AUD 2.80 3,000,000
----------
----------------------------- ----------------------------------------
d) Aggregated information
* Aggregated volume 3,000,000
AUD 8,400,000
* Price
----------------------------- ----------------------------------------
e) Date of the transaction 1 November 2021
----------------------------- ----------------------------------------
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 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
DSHDKDBDBBDDBDK
(END) Dow Jones Newswires
November 01, 2021 08:13 ET (12:13 GMT)
Adriatic Metals (LSE:ADT1)
Historical Stock Chart
From Feb 2024 to Mar 2024
Adriatic Metals (LSE:ADT1)
Historical Stock Chart
From Mar 2023 to Mar 2024