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ADM Energy PLC announced on 29 April 2025 that it has agreed to settle an outstanding debt of £20,000 owed to a creditor. This settlement will occur via the issue of 20,000,000 new ordinary shares at an issue price of 0.1 pence per share. Application will be made for these shares to be admitted to trading on AIM on or around 2 May 2025, after which the Company's total issued share capital will be 1,689,177,144 ordinary shares.
| Date | 29 Apr 2025 |
| Time | 14:15:00 |
| Category | Miscellaneous |
| ID | 6711G |
29 April 2025
("ADM" or the "Company")
ADM Energy PLC (AIM: ADME; BER and FSE: P4JC), a natural resource investing company, announces that it has agreed to settle an outstanding debt of £20,000 owed to a creditor via the issue of 20,000,000 new ordinary shares of 0.001 pence each ("Ordinary Shares") at the Issue Price of 0.1 pence per new Ordinary Shares ("Debt Settlement Shares").
Admission and Total Voting Rights
Application will be made for the 20,000,000 Debt Settlement Shares to be admitted to trading on AIM, which is expected to occur on or around 2 May 2025 ("Admission"). The Debt Settlement Shares will rank pari passu in all respects with the ordinary shares of the Company currently traded on AIM.
Following Admission, the Company's issued share capital will comprise 1,689,177,144 ordinary shares of 0.001 pence each. This number will represent the total voting rights in the Company and may be used by shareholders as the denominator for the calculation by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"). Upon the publication of this announcement via Regulatory Information Service (RIS), this inside information is now considered to be in the public domain
Enquiries:
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ADM Energy plc |
+1 214 675 7579 |
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Randall Connally, Chief Executive Officer |
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Cairn Financial Advisers LLP |
+44 207 213 0880 |
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(Nominated Adviser) |
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Jo Turner Liam Murray Ed Downes |
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Novum Securities Limited |
+44 207 399 9400 |
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(Broker) |
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Gavin Burnell |
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Colin Rowbury |
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ODDO BHF Corporates & Markets AG |
+49 69 920540 |
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(Designated Sponsor, Frankfurt Stock Exchange) |
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Michael B. Thiriot |
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About ADM Energy PLC
ADM Energy PLC (AIM: ADME; BER and FSE: P4JC) is a natural resources investing company with investments including a 100% interest in Vega Oil and Gas, LLC ("Vega") and through Vega holds a 70% working interest in the Altoona Lease, California ("Altoona"); a 41.4% economic interest in JKT Reclamation, LLC ("JKT"); a 42.2% economic interest in OFX Technologies, LLC (www.ofxtechnologies.com) ("OFXT"), and through OFXT holds 100% of Efficient Oilfield Solutions, LLC ("EOS"); and, a 9.2% profit interest in the Aje Field, part of OML 113, which covers an area of 835km² offshore Nigeria. Aje has multiple oil, gas, and gas condensate reservoirs in the Turonian, Cenomanian and Albian sandstones with five wells drilled to date.