Notification of Major Holdings

Adriatic Metals PLC
10 January 2024
 

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

GB00BL0L5G04

Issuer Name

ADRIATIC METALS PLC

UK or Non-UK Issuer

UK

2. Reason for Notification

Other

Comments

Filing is due to share capital change only on 5th January 2024

3. Details of person subject to the notification obligation

Name

Helikon Investments Limited

City of registered office (if applicable)

London

Country of registered office (if applicable)

United Kingdom

4. Details of the shareholder

Name

City of registered office

Country of registered office

Helikon Long Short Equity Fund Master ICAV

Dublin

United Kingdom

5. Date on which the threshold was crossed or reached

05-Jan-2024

6. Date on which Issuer notified

09-Jan-2024

7. Total positions of person(s) subject to the notification obligation

% of voting rights attached to shares (total of 8.A)

% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights held in issuer

Resulting situation on the date on which threshold was crossed or reached

0.417653

17.571714

17.989367

53042555

Position of previous notification (if applicable)

0.420678

17.588938

18.009616


8. Notified details of the resulting situation on the date on which the threshold was crossed or reached

8A. Voting rights attached to shares

Class/Type of shares ISIN code(if possible)

Number of direct voting rights (DTR5.1)

Number of indirect voting rights (DTR5.2.1)

% of direct voting rights (DTR5.1)

% of indirect voting rights (DTR5.2.1)

AU0000004772

0

1231470

0.000000

0.417653

Sub Total 8.A

1231470

0.417653%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

Type of financial instrument

Expiration date

Exercise/conversion period

Number of voting rights that may be acquired if the instrument is exercised/converted

% of voting rights

 





Sub Total 8.B1




8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))

Type of financial instrument

Expiration date

Exercise/conversion period

Physical or cash settlement

Number of voting rights

% of voting rights

Cash-Settled Equity Swap

21/10/2024


Cash

2207387

0.748635

Cash-Settled Equity Swap

05/06/2032


Cash

9127792

3.095688

Cash-Settled Equity Swap

03/01/2025


Cash

5769820

1.956833

Cash-Settled Equity Swap

19/02/2024


Cash

24719108

8.383477

Cash-Settled Equity Swap

17/12/2024


Cash

1501236

0.509144

Cash-Settled Equity Swap

02/04/2025


Cash

3856497

1.307930

Cash-Settled Equity Swap

03/12/2024


Cash

678990

0.230279

Cash-Settled Equity Swap

30/01/2026


Cash

3950255

1.339728

Sub Total 8.B2


51811085

17.571714%

9. Information in relation to the person subject to the notification obligation

2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)

Ultimate controlling person

Name of controlled undertaking

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

Helikon Long Short Equity Fund Master ICAV

Helikon Long Short Equity Fund Master ICAV


17.571714

17.571714%

10. In case of proxy voting

Name of the proxy holder

 

The number and % of voting rights held

 

The date until which the voting rights will be held

 

11. Additional Information

Filing is due to share capital change only on 5th January 2024.

12. Date of Completion

09-Jan-2024

13. Place Of Completion

London

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