REG - ADM Energy PLC - Debt Settlement and Issue of Equity

Adm EnergyAnnouncement

27/03/2025 15:15

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RNS Number : 5613C  ADM Energy PLC  27 March 2025

 

 27 March 2025

 

ADM Energy PLC

 

("ADM" or the "Company")

 

Debt Settlement

Issue of Equity

 

ADM Energy PLC (AIM: ADME; BER and FSE: P4JC), a natural resources investing
company is pleased to announce, further to the announcement on 21 March 2025
and the completion of the Company's Capital Reorganisation and Subscription,
that it has agreed to settle outstanding amounts owed to two employees,
representing in aggregate approximately £74,800, via the issue of 73,844,333
new ordinary shares of 0.001 pence ("Ordinary Shares") at the Issue Price of
0.1 pence per new Ordinary Share ("Debt Settlement Shares") under the same
terms of the Subscription.

Additionally, as detailed in the Circular announced on 3 March 2025, the
Company is settling the Arrangement Fee owed to Catalyse Capital Ltd
("Catalyse") via the issue of 30,000,000 new Ordinary Shares at the Issue
Price of 0.1 pence per new Ordinary Share ("Arrangement Fee Shares") (Debt
Settlement Shares and Arrangement Fee Shares, together the "Admission
Shares").

Admission and Total Voting Rights

Application will be made for the 103,844,333 Admission Shares to be admitted
to trading on AIM which is expected to occur on or around 1 April 2025
("Admission"). The Admission 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
1,669,177,144 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.

 

Capitalised terms in this announcement have the meaning ascribed to them in
the Definitions section of the Circular. The Circular can be found on the
Company's website https://admenergyplc.com/ (https://admenergyplc.com/) .

 

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:

 

 ADM Energy plc                                       +44 20 7786 3555
 Lord Henry Bellingham, Non-executive Chairman
 www.admenergyplc.com (http://www.admenergyplc.com/)

 Cairn Financial Advisers LLP                         +44 20 7213 0880
 (Nominated Adviser)
 Jo Turner, Liam Murray, Ed Downes

 ODDO BHF Corporates & Markets AG                      +49 69 920540
 (Designated Sponsor)
 Michael B. Thiriot

 Gracechurch Group                                    +44 20 4582 3500
 (Financial PR)
 Harry Chathli, Alexis Gore, Henry Gamble

 

About ADM Energy PLC

ADM Energy PLC (AIM: ADME; BER and FSE: P4JC) is a natural resources investing
company with an existing investment representing approximately 53.1% economic
interest in OFX Technologies, LLC (www.ofxtechnologies.com
(http://www.ofxtechnologies.com) ) and a 9.2% profit interest in 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.

Forward Looking Statements

Certain statements in this announcement are, or may be deemed to be, forward
looking statements. Forward looking statements are identified 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 reflect the Directors' current
beliefs and assumptions and are based on information currently available to
the Directors.

 

 

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