ADT: merger scheme booklet (242pgs)

ADT: merger scheme booklet (242pgs)

Adriatic Metals Plc (ADT) has announced a significant corporate development: a merger scheme with Dundee Precious Metals Inc. (DPM) to be effected by means of a Scheme of Arrangement under Part 26 of the Companies Act 2006. This merger, if approved, will result in the cancellation of the listing of Adriatic Ordinary Shares on the Official List and the LSE's Main Market for listed securities, as well as the cancellation of the listing of Adriatic on the ASX and the quotation of Adriatic CDIs on the ASX [1].

The merger scheme document, which is crucial for shareholders to review, contains an explanatory statement in compliance with section 897 of the Companies Act 2006. It outlines the proposal's impact and provides detailed instructions for shareholders. Adriatic shareholders are encouraged to seek independent financial, tax, and legal advice to understand the implications of the merger scheme [1].

Key actions for shareholders include completing and returning the enclosed Forms of Proxy or appointing a proxy electronically or online. For Adriatic Ordinary Shareholders, these forms must be received by Adriatic's Registrars no later than 48 hours before the relevant Meeting. For Adriatic CDI Holders, forms must be received by 9:00 a.m. (AEST) on 8 August 2025 [1].

The merger scheme will be discussed at two meetings: a Court Meeting and a General Meeting, both to be held at the offices of Herbert Smith Freehills Kramer LLP in London on 13 August 2025. The Court Meeting will start at 3:00 p.m., and the General Meeting will commence at 3:15 p.m. [1].

Adriatic shareholders are advised to familiarize themselves with the merger scheme document and the actions required. They should also monitor Adriatic's website and announcements for any changes or additional information regarding the merger process [1].

References:
[1] https://www.marketscreener.com/quote/stock/ADRIATIC-METALS-PLC-43257913/news/Adriatic-Metals-Scheme-Document-50500389/