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LONDON - Adriatic Metals PLC (ASX:ADT, LSE:ADT1, OTCQX:ADMLF) has completed the allotment of 9,420,444 new ordinary shares at an issue price of A$3.90 each, as part of the second tranche of a previously announced placement. This development, which took place today, follows the company’s initial announcement on February 18, 2025.
The new ordinary shares, each valued at £0.013355, are expected to be admitted to the Equity Shares (Transition) Category of the Official List of the UK Financial Conduct Authority (FCA) and to begin trading on the London Stock Exchange (LON:LSEG)’s main market at around 8.00 a.m. on Thursday, March 20, 2025.
Following the allotment, Adriatic Metals confirms that its issued share capital now comprises 345,295,293 ordinary shares, each carrying one vote and no ordinary shares are held in treasury. Shareholders can use this figure as the denominator for calculating notifications of interest or changes to their interest in the company as per the FCA’s Disclosure and Transparency Rules.
The announcement, authorized by CEO and Managing Director Laura Tyler, is considered to contain inside information in accordance with Article 7 of the EU Market Abuse Regulation as incorporated into UK law.
This move by Adriatic Metals is part of their ongoing capital management strategy and is intended to bring additional funds into the company for its operations and development projects. The admission of the new shares to trading is a procedural step that follows the successful placement of these shares to investors.
The information for this article is based on a press release statement from Adriatic Metals PLC.
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