REG - ADM Energy PLC - Director's Dealing

Adm EnergyAnnouncement

19/10/2022 07:00

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RNS Number : 3839D  ADM Energy PLC  19 October 2022

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.

 

 

19 October 2022

 

ADM Energy PLC

("ADM" or the "Company")

 

Director's Dealing

 

ADM Energy PLC (AIM: ADME; BER and FSE: P4JC), a natural resources investing
company, announces that on 18 October 2022, Osa Okhomina, Chief Executive
Officer, sold 4,339,492 ordinary shares of 1 pence each ("Ordinary Shares") at
an average price of 0.57937 pence per Ordinary Share.

 

Following the sale, Mr. Okhomina has a total beneficial holding of 1,666,667
shares in ADM, representing approximately 0.65% of the Company's issued share
capital.

 

 

Enquiries:

 

 ADM Energy plc                                      +44 20 7459 4718
 Oliver Andrews, Chairman
 www.admenergyplc.com (http://www.admenergyplc.com)

 Cairn Financial Advisers LLP                        +44 20 7213 0880
 (Nominated Adviser)
 Jo Turner, James Caithie

 Hybridan LLP                                        +44 20 3764 2341
 (Broker)
 Claire Louise Noyce

 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 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 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.

 

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                                     Osa Okhomina
 2.  Reason for the notification
 a)  Position/status                          Chief Executive Officer
 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

     Identification code                      GB00BJFDXW97
 b)  Nature of the transactions               Purchase of Ordinary Shares
 c)  Price(s) and volume(s)

Price     Volume
                                              0.5250p   2,839,492

                                              0.6823p   1,500,000

 d)  Aggregated information                   Single transaction as in 4 c) above

Price     Volume(s)
     -     Aggregated volume                  0.57937p  4,339,492

     -     Price
 e)  Date of the transaction                  18 October 2022
 f)  Place of the transaction                 London Stock Exchange, AIM Market

d)

Aggregated information

-     Aggregated volume

-     Price

Single transaction as in 4 c) above

 Price     Volume(s)
 0.57937p  4,339,492

e)

Date of the transaction

18 October 2022

f)

Place of the transaction

London Stock Exchange, AIM Market

 

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