REG - ADM Energy PLC - Temporary Suspension

Adm EnergyAnnouncement

27/06/2025 17:00

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RNS Number : 8323O  ADM Energy PLC  27 June 2025

 

 

27 June 2025

 

 

ADM Energy PLC

 

("ADM" or the "Company")

 

     Temporary Suspension of trading on AIM pending publication of 2024
Annual Report & Accounts

 

ADM Energy PLC (AIM: ADME; BER and FSE: P4JC), a natural resource investing
company, provides the following update in relation to its Annual Report and
Financial Statements for its financial year ended 31 December 2024 (the "2024
Annual Report").

 

Pursuant to Rule 19 of the AIM Rules for Companies (the "AIM Rules"), the
Company is required to publish its 2024 Annual Report by 30 June 2025. The
Company confirms that there has been a delay in the expected timetable to
finalise the accounts and, accordingly, the Company no longer expects to be
able to publish the 2024 Annual Report by 30 June 2025.

 

The Company is now targeting the publication of the 2024 Annual Report before
end of September 2025.

 

Trading in the Company's ordinary shares on AIM will be suspended with effect
from 7.30 a.m. on 1 July 2025, pending publication of its 2024 Annual Report
and Accounts. Suspension from trading is expected to be lifted with the
publication of the 2024 Annual Report in due course.

 

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.

 

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. Upon the publication of this
announcement via Regulatory Information Service , 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 25% carried 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) ("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.

 

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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