Dundee Precious obtains U.K. court OK for Adriatic deal

Executive Summary

• The High Court of Justice in England and Wales approved Dundee Precious Metals Inc.’s scheme of arrangement to acquire 100 % of the issued and to be issued ordinary shares of Adriatic Metals PLC.
• All conditions of the scheme will be satisfied upon delivery of the court order to the Registrar, with closing expected on September 3, 2025.
• Dundee Precious Metals also received approval for admission to the Australian Securities Exchange (ASX) as a foreign exempt listing; quotation of its CHESS depositary interests will occur after transaction completion.

Key Details

• Court Approval: The High Court sanctioned the previously announced scheme of arrangement, enabling Dundee Precious Metals’ recommended offer to acquire all Adriatic Metals shares.
• Closing Timeline: Transaction is expected to close on September 3, 2025, subject to customary closing conditions.
• ASX Listing: Dundee Precious Metals has been granted approval for admission to the ASX official list as a foreign exempt listing; quotation date will be announced post‑closing.
• Regulatory Steps: Completion requires delivery of the court order to the Registrar of Companies in England and Wales and satisfaction of customary ASX listing conditions.
• Strategic Impact: The acquisition expands Dundee Precious Metals’ portfolio, supporting its objective to become a mid‑tier precious‑metal company with enhanced production capacity and growth potential.

Notable Quotes

(No direct quotes were provided in the release.)