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1 Nov 2019 07:00
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.
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1 November 2019
ADM Energy PLCĀ
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("ADM" or the "Company")Ā
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Conditional Subscription Update
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ADM Energy PLC (AIM:ADME), an oil and gas investing company quoted on AIM, provides an update in respect of completion of the fundraising announced on 30 September 2019.
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On 30 September 2019, the Company announced that a conditional fundraising ("Fundraising") would proceed to completion following shareholder approval at the Company's general meeting on the same day. As announced on 8 October 2019, the first stage of the Fundraising, raising approximately Ā£283,450, had been completed, however the completion of the Fundraising in its entirety was delayed. The second stage of the Fundraising, which amounts to Ā£278,910, has been subject to further delays. The Company will provide a further update to the market in due course.
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The Fundraising will be subject to application to the London Stock Exchange for admission to trading on AIM.
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For further information please contact:
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ADM Energy plc | +44 20 7786 3555 |
Osamede Okhomina, CEO | |
Cairn Financial Advisers LLP | +44 20 7213 0880 |
(Nominated Adviser) | |
Jo Turner, James Caithie | |
Pello Capital Limited | +44 20 3700 2500 |
(Broker) | |
Dan Gee | |
Luther Pendragon | +44 20 7618 9100Ā |
(Financial PR) Harry Chathli, Alexis Gore, Joe Quinlan |
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