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LONDON - Adriatic Metals PLC (ASX:ADT, LSE:ADT1) announced Wednesday it has granted 1,753,742 performance rights to executive directors and staff under its Employment Incentive Plans.
The mining company’s performance rights, each convertible to one ordinary share subject to performance-related vesting conditions, were distributed following shareholder approvals at the June 18 annual general meeting.
CEO Laura Tyler received 448,231 performance rights under the 2025 Long-Term Incentive Plan (LTIP), scheduled to vest on June 18, 2028. Executive Director of Corporate Affairs Sanela Karic was granted 174,008 rights under the 2025 LTIP and 80,379 under the 2024 LTIP, both with the same vesting date.
An additional 1,051,124 performance rights were allocated to other staff members, including 140,205 to Chief Financial Officer Michael Horner. These rights are set to vest on December 31, 2027, subject to meeting performance conditions.
The company noted that these performance rights will be treated consistently with existing outstanding rights in the context of the proposed acquisition of Adriatic Metals by Dundee Precious Metals Inc (TSX:DPM)., which was announced on June 13.
The information was released as part of the company’s regulatory disclosure requirements, according to the statement based on the press release.
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