Latest news with #AdriaticMetals
Yahoo
26-05-2025
- Business
- Yahoo
Rule 8 Announcement to Shareholders
Dundee Precious Metals Notice to Shareholders Regarding UK Disclosure Requirements TORONTO, May 26, 2025 (GLOBE NEWSWIRE) -- Dundee Precious Metals Inc. (TSX:DPM) ('DPM' or the 'Company') wishes to direct the attention of its shareholders to certain disclosure requirements applicable to the possible offer by DPM for Adriatic Metals plc ('Adriatic') which was announced on 20 May 2025 (the 'Possible Offer'). DPM's shares are admitted to trading on the Toronto Stock Exchange under the symbol 'DPM'. The relevant disclosure requirements applicable to the Possible Offer are set out in Rule 8 of the UK City Code on Takeovers and Mergers (the 'Code'), which is published and administered by the UK Takeover Panel (the 'Takeover Panel'). In particular, Rule 8.3 of the Code requires that any person who is interested (directly and indirectly) in 1% or more of any class of relevant security of any party to the Possible Offer must make (a) an Opening Position Disclosure and (b) a Dealing Disclosure if they deal in any relevant security of any party to the Possible Offer during an offer period. DPM's common shares are relevant securities for the purposes of this offer period. Further information about the Takeover Panel's disclosure regime is available at: If any DPM shareholder has any questions on these disclosure requirements, the Takeover Panel's Market Surveillance Unit will be happy to answer them and should be contacted on +44 (0) 20 7638 0129. About Dundee Precious Metals Dundee Precious Metals Inc. is a Canadian-based international gold mining company with operations and projects located in Bulgaria, Serbia and Ecuador. Our strategic objective is to become a mid-tier precious metals company, which is based on sustainable, responsible and efficient gold production from our portfolio, the development of quality assets, and maintaining a strong financial position to support growth in mineral reserves and production through disciplined strategic transactions. This strategy creates a platform for robust growth to deliver above-average returns for our shareholders. DPM's shares are traded on the Toronto Stock Exchange (symbol: DPM). For further information please contact: Jennifer CameronDirector, Investor RelationsTel: (416) 219-6177jcameron@ in to access your portfolio
Yahoo
23-05-2025
- Business
- Yahoo
Correction: Invesco Ltd: Form 8.3 - Adriatic Metals plc.; Opening Position disclosure
FORM 8.3 CORRECTION: PUBLIC OPENING POSITION DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE *An amendment has been made to the reported holding figure in section 2 (a)* Rule 8.3 of the Takeover Code (the 'Code') 1. KEY INFORMATION (a) Full name of discloser: Invesco Ltd. (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. (c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree Adriatic Metals plc (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: (e) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure 20.05.2025 (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state 'N/A' Yes; Dundee Precious Metals Inc. 2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security. (a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any) Class of relevant security: GBP 1p ordinary GB00BL0L5G04 Interests Short positions Number % Number % (1) Relevant securities owned and/or controlled: 1,411,614 0.40 (2) Cash-settled derivatives: (3) Stock-settled derivatives (including options) and agreements to purchase/sell: TOTAL: 1,411,614 0.40 All interests and all short positions should be disclosed. Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions). (b) Rights to subscribe for new securities (including directors' and other employee options) Class of relevant security in relation to which subscription right exists: Details, including nature of the rights concerned and relevant percentages: 3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in. The currency of all prices and other monetary amounts should be stated. (a) Purchases and sales Class of relevant security Purchase/sale Number of securities Price per unit AUD Depository Receipt AU0000004772 Sale 200,000 3.72 AUD (b) Cash-settled derivative transactions Class of relevant security Product description e.g. CFD Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position Number of reference securities Price per unit (c) Stock-settled derivative transactions (including options) (i) Writing, selling, purchasing or varying Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type e.g. American, European etc. Expiry date Option money paid/ received per unit (ii) Exercise Class of relevant security Product description e.g. call option Exercising/ exercised against Number of securities Exercise price per unit (d) Other dealings (including subscribing for new securities) Class of relevant security Nature of dealing e.g. subscription, conversion Details Price per unit (if applicable) 4. OTHER INFORMATION (a) Indemnity and other dealing arrangements Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state 'none' (b) Agreements, arrangements or understandings relating to options or derivatives Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state 'none' (c) Attachments Is a Supplemental Form 8 (Open Positions) attached? NODate of disclosure: 21.05.2025 Contact name: Philippa Holmes Telephone number*: +441491417447 Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service. The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129. *If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel's Market Surveillance Unit. The Code can be viewed on the Panel's website at
Reuters
20-05-2025
- Business
- Reuters
UK's Adriatic Metals in takeover talks with Dundee Precious Metals
May 20 (Reuters) - UK's Adriatic Metals (ADT1.L), opens new tab said on Tuesday it was in talks with Canadian peer Dundee Precious Metals ( opens new tab regarding a possible takeover. Sky News, which first reported about the potential talks earlier in the day, said a deal could value the British firm at about 700 million pounds ($935.3 million), citing bankers. Adriatic Metals said it has provided Dundee access to limited due diligence information. Dundee is required to provide a firm offer or walk away from the talks by June 17, under the UK takeover rules. ($1 = 0.7484 pounds)
Yahoo
20-05-2025
- Business
- Yahoo
London-listed miner Adriatic Metals in £700m takeover talks
Adriatic Metals, a precious metals mining group, is in the early stages of takeover talks which could lead to it becoming the latest London-listed company to succumb to an overseas bidder. Sky News understands that Adriatic Metals is in the very early stages of discussions with Dundee Precious Metals, a Toronto-listed peer. The status of the talks and other key details, including any offer price under negotiation, were unclear on Tuesday. One person close to the situation said it was unclear whether any formal offer would emerge. Money blog: What Canary Islands protest means for your holiday Valued at about £610m, Adriatic has a market capitalisation roughly one-third of that of Dundee, which has a presence in the Balkans. With a conventional takeover premium factored in, any offer could value the target at well over £700m, according to bankers. Adriatic produces copper, gold, lead, silver and zinc from recently developed mining operations in Bosnia and Herzegovina. The company is run by chief executive Laura Tyler, a former senior BHP executive who is among few female bosses in the global mining industry. London-listed shares in Adriatic Metals were nearly 6% higher in Tuesday afternoon trading amid growing bid speculation. The two companies were rumoured to have held similar talks as recently as last year, although they did not progress to any form of public confirmation. A spokesman for Adriatic, which is also quoted in Australia, declined to comment, while Dundee could not be reached for comment.
Sky News
20-05-2025
- Business
- Sky News
London-listed miner Adriatic Metals in £700m takeover talks
Adriatic Metals, a precious metals mining group, is in the early stages of takeover talks which could lead to it becoming the latest London-listed company to succumb to an overseas bidder. Sky News understands that Adriatic Metals is in the very early stages of discussions with Dundee Precious Metals, a Toronto-listed peer. The status of the talks and other key details, including any offer price under negotiation, were unclear on Tuesday. One person close to the situation said it was unclear whether any formal offer would emerge. Valued at about £610m, Adriatic has a market capitalisation roughly one-third of that of Dundee, which has a presence in the Balkans. With a conventional takeover premium factored in, any offer could value the target at well over £700m, according to bankers. Adriatic produces copper, gold, lead, silver and zinc from recently developed mining operations in Bosnia and Herzegovina. The company is run by chief executive Laura Tyler, a former senior BHP executive who is among few female bosses in the global mining industry. London-listed shares in Adriatic Metals were nearly 6% higher in Tuesday afternoon trading amid growing bid speculation. The two companies were rumoured to have held similar talks as recently as last year, although they did not progress to any form of public confirmation.
