REG - ADM Energy PLC - Further re: Delay to the 2023 Accounts Publication

Adm EnergyAnnouncement

03/12/2024 12:00

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RNS Number : 6348O  ADM Energy PLC  03 December 2024

 

 

03 December 2024

 

 

ADM Energy PLC

 

("ADM" or the "Company")

 

 

Further re: Delay to Publication and Posting of 2023 Annual Report &
Accounts

Delay to Publication of 2024 Interim Results

   Continued Temporary Suspension of trading on AIM

 

Further to the announcement made on 01 November 2024, ADM Energy PLC (AIM:
ADME; BER and FSE: P4JC), a natural resource investing company, announces that
following the delay to the publication of its Annual Report and Financial
Statements for its financial year ended 31 December 2023 ("Annual Report") and
its Half-Yearly Results for the six months ended 30 June 2024 ("Interim
Results"), the Company has made further progress and expects to publish both
by the end of 2024.

Pursuant to Rule 19 and Rule 18 of the AIM Rules for Companies (the "AIM
Rules"), the Company was required to publish its 2023 Annual Report by 30 June
2024 and its 2024 Interim Results by 30 September 2024.

Trading in the Company's ordinary shares on AIM will remain suspended pending
publication of its 2023 Annual Report and Accounts and its 2024 Interim
Results.

The Company will continue to make announcements regarding any developments
that need to be disclosed in accordance with its obligations under the AIM
Rules, whilst the temporary suspension is in place.

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 7495 779520
 Stefan Olivier, Chief Executive Officer
 www.admenergyplc.com (http://www.admenergyplc.com/)

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

 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 investments including a 100% interest in Vega Oil and Gas; a
30.6% economic interest in JKT Reclamation, LLC; a 46.8% economic interest in
OFX Technologies, LLC (www.ofxtechnologies.com
(http://www.ofxtechnologies.com) ); 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.

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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