Adriatic Metals in talks for potential takeover by Dundee Precious Metals

LONDON - Adriatic Metals plc, a UK-based mining company, has confirmed ongoing discussions with Dundee Precious Metals Inc (TSX:DPM). about a potential offer for all its outstanding shares. The company made this announcement today, following recent press speculation surrounding the possible acquisition.

The board of Adriatic Metals has granted Dundee limited access to due diligence information to facilitate these discussions. However, there is no certainty that any firm offer will be made or on what terms. The company has advised its shareholders to take no action at this time.

Dundee Precious Metals has until 5:00 pm London time on June 17, 2025, to either announce a definitive intention to make an offer in accordance with the City Code on Takeovers and Mergers or to declare that it does not intend to propose an offer, triggering Rule 2.8 of the Code.

Due to this announcement, an ’offer period’ has commenced for Adriatic Metals in line with the Code’s rules. Shareholders are reminded of the disclosure requirements under Rule 8 of the Code, which necessitates certain investors to disclose their position in the securities during the offer period.

This development has been publicly released without the consent of Dundee Precious Metals. The Managing Director & Chief Executive Officer of Adriatic, Laura Tyler, is responsible for this announcement on behalf of the company.

The financial advisors for Adriatic Metals in this matter are RBC Capital Markets and Macquarie Capital, both of which act exclusively for Adriatic and not for any other party regarding this potential acquisition.

The announcement is based on a press release statement and does not constitute an offer or solicitation to purchase or subscribe for any securities. The information is subject to legal restrictions in certain jurisdictions, and individuals who come into possession of this announcement should inform themselves about and observe any such restrictions.

As of May 19, 2025, the business day before the announcement, Adriatic Metals reported having 345,295,293 ordinary shares in issue. The company’s shares are traded on the London Stock Exchange (LON:LSEG) with the ISIN code GB00BL0L5G04. Further announcements will be made as appropriate in due course.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.