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

Adm EnergyAnnouncement

Tue 14:15

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RNS Number : 6711G  ADM Energy PLC  29 April 2025

 

29 April 2025

 
ADM Energy PLC

 

("ADM" or the "Company")

 

Debt Settlement and Issue of Equity

 

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:

 

 ADM Energy plc                                       +1 214 675 7579
 Randall Connally, Chief Executive Officer
 www.admenergyplc.com (http://www.admenergyplc.com/)

 Cairn Financial Advisers LLP                         +44 207 213 0880
 (Nominated Adviser)
 Jo Turner

 Liam Murray

 Ed Downes

 Novum Securities Limited                             +44 207 399 9400
 (Broker)
 Gavin Burnell
 Colin Rowbury

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

 

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 (http://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.

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