REG - ADM Energy PLC - Director Share Purchase

Adm EnergyAnnouncement

24/11/2020 12:15

RNS Number : 3518G
  
ADM Energy PLC
  
24 November 2020
  
 

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED TO CONSTITUTE INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) NO. 596/2014.  UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
 
 
24 November 2020
 
ADM Energy PLC 
("ADM" or the "Company") 
 
Director Share Purchase
 
ADM Energy PLC (AIM: ADME; BER and FSE: P4JC), a natural resources investing company, announces that on 23 and 24 November 2020, Peter Francis, Non-executive Chairman, purchased in total 450,000 ordinary shares of 1 pence each ("Ordinary Shares") at an average price of 5.58 pence per Ordinary Share.
 
Following the purchase, Mr. Francis has a total beneficial holding of 1,946,212 shares in ADM, representing approximately 1.99% of the Company's issued share capital.
 
 
Enquiries:
 



ADM Energy plc 


+44 20 7459 4718




Osamede Okhomina, CEO








www.admenergyplc.com


















Cairn Financial Advisers LLP


+44 20 7213 0880




(Nominated Adviser) 








Jo Turner, James Caithie


















Arden Partners plc


+44 20 7614 5900




(Lead Broker)








Paul Shackleton, Daniel Gee-Summons


















Hybridan LLP


+44 20 3764 2341




(Joint Broker)








Claire Louise Noyce 


















Oddo Seydler Bank AG


+49 69 920540




(Designated Sponsor)








Michael B. Thiriot


















Luther Pendragon


+44 20 7618 9100




(Financial PR)








Harry Chathli, Alexis Gore, Joe Quinlan







 
 
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 5% profit interest in the Aje Field, part of OML 113, which covers an area of 835km² offshore Nigeria, and in February 2020 entered into an agreement with EER (Colobos) Nigeria Limited to acquire a further 4.2% profit interest (to be updated). 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.
 
 
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


Peter Francis




2.


Reason for the notification




a)


Position/status


Non-executive Chairman




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
 
Identification code


Ordinary Shares of 1 pence each
 
GB00BJFDXW97




b)


Nature of the transactions


Purchase of Ordinary Shares




c)


Price(s) and volume(s)


 



Price


Volume




5.5p
5.65p
 


200,000
250,000
 
 








d)


Aggregated information
-     Aggregated volume
-     Price


 



Price


Volume(s)




5.58p
 


450,000








e)


Date of the transaction


23 and 24 November 2020




f)


Place of the transaction


London Stock Exchange, AIM Market



 

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