ADRIATIC METALS PLC — Director's Dealing 2023

Jun 22, 2023

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RNS Number : 5822D

Adriatic Metals PLC

22 June 2023

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

Dwellstone Limited

2

Reason for the notification

a)

Position/status

a person closely associated with Paul Cronin, Managing Director and 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

Grant of Performance Rights

c)

Price(s) and volume(s)

Price(s)	Volume(s)
a)   nil	142,778
b)   nil	434,272

d)

Aggregated information

-   Aggregated volume

-      Price

577,050

nil

e)

Date of the transaction

21 June 2023

f)

Place of the transaction

Outside of trading venue

** ENDS **

Authorised by Paul Cronin, Managing Director & CEO

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

Adriatic Metals PLC
Paul Cronin / Klara Kaczmarek	Via Buchanan
Buchanan	Tel: +44 (0) 20 7466 5000
Bobby Morse / Oonagh Reidy	adriatic@buchanan.uk.com
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)
James Agnew / 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
Citadel Magnus
Cameron Gilenko	Tel: +61 8 6160 4900

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 Q4 2023. The 2021 Project Definitive Feasibility Study shows 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 44km2 concession package.

MARKET ABUSE REGULATION DISCLOSURE

The information contained within this announcement is deemed by the Company (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 the Company is Paul Cronin, Managing Director and CEO.

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END

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