• Recommended acquisition of Adriatic Metals by Dundee Precious Metals
• Acquisition to be effected through a court-sanctioned scheme of arrangement
• Adriatic shareholders to receive cash and/or shares in Dundee Precious Metals

Adriatic Metals Plc has announced the publication of a scheme document for the recommended acquisition of the company by Dundee Precious Metals Inc. The acquisition is to be effected through a court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006. The scheme document contains details of the acquisition, including the terms, the expected timetable of principal events, and the actions required by Adriatic shareholders. The acquisition is subject to the approval of Adriatic shareholders, the satisfaction or waiver of certain conditions, and the subsequent sanction of the scheme by the court. Adriatic shareholders are encouraged to vote in favor of the scheme at the upcoming court meeting and general meeting. The acquisition is expected to become effective in the fourth quarter of 2025, subject to the necessary approvals. Adriatic shares are expected to be delisted from the London Stock Exchange and the Australian Securities Exchange following the effective date of the scheme.