ADM Energy PLC: Fundraise, Issue of Equity and Business Update
Certain statements made in this announcement are forward-looking statements. These forward-looking statements are not historical facts but rather are based on the Company's current expectations, estimates, and projections about its industry; its beliefs; and assumptions. Words such as 'anticipates,' 'expects,' 'intends,' 'plans,' 'believes,' 'seeks,' 'estimates,' and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and other factors, some of which are beyond the Company's control, are difficult to predict, and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. The Company cautions shareholders and prospective shareholder holders not to place undue reliance on these forward-looking statements, which reflect the view of the Company only as of the date of this announcement. The forward-looking statements made in this announcement relate only to events as of the date on which the statements are made. The Company will not undertake any obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances, or unanticipated events occurring after the date of this announcement except as required by law or by any appropriate regulatory authority.
Market Abuse Regulation (MAR) Disclosure
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
Notification and public disclosure of transactions by persons discharging managerial responsibilities / person closely associated with them.
1. Details of the person discharging managerial responsibilities/person closely associated a) Name Company directors/officers: 1. Oliver Andrews - Non-executive Chairman 2. Osamede Okhomina - CEO 3. Richard Carter - COO 4. Dr. Stefan Leibing - Non-executive Director 5. Lord Bellingham - Non-executive Director 2. Reason for the notification a) Position/status See 1(a) above for all positions b) Initial notification/Amendment Initial Notification 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer, or auction monitor a) Name ADM Energy plc b) LEI 213800DY7G8EEJCCOL47 4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument Ordinary Shares of 1 pence each b) Identification code GB00BJFDXW97 c) Nature of the transactions Purchase of Ordinary Shares d) Price(s) and volume(s) Price Volume 1. 1.5p 2. 1.5p 3. 1.5p 4. 1.5p 5. 1.5p 1. 6,666,667 2. 3,333,333 3. 1,333,333 4. 166,667 5. 166,667 e) Aggregated information - Aggregated volume - Price Price Volume(s) 1.5p 11,666,667 f) Date of the transactions 15 November 2021 f) Place of the transactions London Stock Exchange, AIM Market ?
About ADM Energy PLC
ADM Energy PLC (AIM: ADME; BER and FSE: P4JC) is a natural resources investing company with an existing asset base in Nigeria. ADM Energy holds a 9.2% profit interest in the oil producing Aje Field, part of OML 113, which covers an area of 835km? offshore Nigeria. Aje has multiple oil, gas, and gas condensate reservoirs in the Turonian, Cenomanian and Albian sandstones with five wells drilled to date.
ADM Energy is seeking to build on its existing asset base in Nigeria and target other investment opportunities across the West African region in the oil and gas sector with attractive risk reward profiles such as proven nature of reserves, level of historic investment, established infrastructure and route to early cash flow.
Forward Looking Statements Certain statements in this announcement, are, or may be deemed to be, forward looking statements. Forward looking statements are identi?ed by their use of terms and phrases such as "believe", "could", "should", "envisage'', "estimate", "intend", "may", "plan", "potentially", "expect", "will" or the negative of those, variations or comparable expressions, including references to assumptions. These forward looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward looking statements re?ect the Directors' current beliefs and assumptions and are based on information currently available to the Directors.
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15.11.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.Archive at www.dgap.deLanguage: English Company: ADM Energy PLC 60 Gracechurch street EC3V 0HR London
United Kingdom Phone: +44 (0)2077863555 E-mail: email@example.com Internet: www.admenergyplc.com ISIN: GB00BJFDXW97 WKN: A2PLC1 Listed: Foreign Exchange(s) London EQS News ID: 1248886 ? End of News DGAP News Service