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LONDON - Adriatic Metals PLC (ASX:ADT, LSE:ADT1, OTCQX:ADMLF) reported on Tuesday that Chairman Michael Rawlinson has purchased 9,850 ordinary shares of the company at a price of £2.02 per share, totaling an investment of £19,897. The transaction took place on the London Stock Exchange (LON:LSEG) on February 18, 2025.
This purchase represents an initial notification and public disclosure of transactions by a person discharging managerial responsibilities (PDMR) within the company. The notification is in compliance with the EU Market Abuse Regulation, which mandates that companies must provide details of transactions conducted by individuals in managerial positions and their closely associated persons.
Adriatic Metals, which is listed on the Australian Securities Exchange, London Stock Exchange, and OTCQX, is a mining company with a focus on the Balkan Peninsula. The company's shares are identified by the ISIN: GB00BL0L5G04.
The press release statement also named Laura Tyler, Managing Director & CEO of Adriatic, as the person responsible for arranging and authorising the release of this announcement.
The disclosure of such transactions is a routine regulatory requirement and provides transparency to investors and the market. The transaction does not necessarily indicate a strategic change or development within the company but is part of the necessary disclosures for listed companies.
This information is based on a press release statement and ensures that shareholders are aware of significant trading activities by company insiders. It is standard practice for companies to announce when directors increase their holdings, as this can sometimes be interpreted as a sign of confidence in the company's prospects.
Investors often monitor PDMR transactions for insights into insider perspectives on the company's valuation and outlook. However, such transactions are only one of many factors that investors consider in their decision-making process.
Adriatic Metals has not provided any additional comments or insights into the transaction beyond the regulatory disclosure requirements.
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