Share Name Share Symbol Market Type Share ISIN Share Description
Adriatic Metals Plc LSE:ADT1 London Ordinary Share GB00BL0L5G04 ORD 1.3355P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.50 -0.97% 152.50 152.00 153.00 155.50 152.00 155.00 64,171 16:35:24
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining - - - - 325

Adriatic Metals PLC Application for Listing of Shares

01/03/2021 7:11am

UK Regulatory (RNS & others)

Adriatic Metals (LSE:ADT1)
Historical Stock Chart

From Feb 2021 to Aug 2021

Click Here for more Adriatic Metals Charts.


RNS Number : 6562Q

Adriatic Metals PLC

01 March 2021

Adriatic Metals PLC

('Adriatic Metals' or the 'Company')


Adriatic Metals PLC (ASX:ADT, LSE:ADT1) confirms that application will be made to the Financial Conduct Authority and the London Stock Exchange for a total of 5,237,358 Ordinary shares of GBP0.013355 each ("Shares") to be admitted to the standard segment of the Official List and to trading on the Main Market of the London Stock Exchange ("Admission").

The Shares were issued and allotted by the Company as follows:

  Allotment     Announcement      Number of      Issue Price    Reason for allotment 
     Date            Date        shares issued    per share 
 24 December     24 December      4,830,156        GBP1.01      Settlement Placement as 
     2020            2020                                        previously announced on 
                                                                 3 November 2020 under the 
                                                                 terms of the Deed of Settlement 
                                                                 and Release between the 
                                                                 Company and Sandfire Resources 
  29 January     29 January         115,777          GBP0.17    Shares issued as Chess 
     2021            2021                                        Depository Interests pursuant 
                                                                 to the strategic alliance 
                                                                 agreement between the Company 
                                                                 and Sandfire Resources 
  29 January     29 January        125,425         GBP1.26      Shares issued as Chess 
     2021            2021                                        Depository Interests pursuant 
                                                                 to the strategic alliance 
                                                                 agreement between the Company 
                                                                 and Sandfire Resources 
 22 February     23 February           166,000     GBP1.27      RAS Metals d.o.o. acquisition 
     2021            2021 

The Shares rank pari passu with the existing Ordinary shares. Admission of the Shares is expected take place on 2 March 2021.

The Company confirms that as at the date of this announcement, the Company's issued share capital comprises 207,983,877 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 207,983,877 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.

** ENDS **

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

 Adriatic Metals PLC 
 Paul Cronin / Emma Chetwynd Stapylton   Tel: +44 (0) 7515 357842 
 Tavistock Communications Limited 
 Charles Vivian                          Tel: +44 (0) 7977 297903 
 Edward Lee                              Tel: +44 (0) 7736 220565 
 Gareth Tredway                          Tel: +44 (0) 7785 974264 
 The Capital Network 
 Julia Maguire/Lelde Smits               Tel: +61 2 8999 3699 


Adriatic Metals Plc (ASX:ADT, LSE:ADT1) is a precious and base metals explorer and developer that owns the world-class Vares Silver Project in Bosnia & Herzegovina and holds licences across the Raska District in Serbia.

The Vares project's captivating economics and impressive resource inventory have attracted Adriatic's highly experienced team, which is expediting exploration efforts to expand the current JORC resource. Results of a recent pre-feasibility study announced on 15 October 2020 indicate a post-tax NPV(8) % of US$1,040 million and IRR of 113%. Leveraging its first-mover advantage, Adriatic is rapidly advancing the project into the development phase and through to production with significant cornerstone investment of US$28 million from Queen's Road Capital Investment and EBRD.

There have been no material changes to the assumptions underpinning the forecast financial information derived from the production target in the 15 October 2020 announcement and these assumptions continue to apply. There have been no material changes to the assumptions and technical parameters on the updated Mineral Resource Estimate announced on 1 September 2020 and these assumptions continue to apply.

Adriatic Metals acquired TSX-listed Tethyan Resource Corp in 2020, to advance the former Kizevak and Sastavci polymetallic mines in the Raska District, southern Serbia.

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) Dow Jones Newswires

March 01, 2021 02:11 ET (07:11 GMT)

1 Year Adriatic Metals Chart

1 Year Adriatic Metals Chart

1 Month Adriatic Metals Chart

1 Month Adriatic Metals Chart
ADVFN Advertorial
Your Recent History
Adriatic M..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20210805 18:13:38