DIRECTOR/PDMR SHARE DEALING

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/ 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

Purchase of ordinary shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

A$2.40

A$2.39

A$2.38

82,469

17,000

531

 

d)

Aggregated information

- Aggregated volume

-  Price

 

100,000

A$ 239,819.38

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 41km2 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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