Last checked at 16 Nov 2020 15:08
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.
16 November 2020
ADM Energy PLC
("ADM" or the "Company")
Director Share Purchase
ADM Energy PLC (AIM: ADME; BER and FSE: P4JC), a natural resources investing company, announces that on 16 November 2020, Osa Okhomina, Chief Executive Officer, purchased 300,000 ordinary shares of 1 pence each ("Ordinary Shares") at a price of 4.9 pence per Ordinary Share.
Following the purchase, Mr. Okhomina has a total beneficial holding of 1,015,909 shares in ADM, representing approximately 1.04% of the Company's issued share capital.
Enquiries:
ADM Energy plc | +44 20 7459 4718 |
Osamede Okhomina, CEO |
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www.admenergyplc.com |
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Cairn Financial Advisers LLP | +44 20 7213 0880 |
(Nominated Adviser) |
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Jo Turner, James Caithie |
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Arden Partners plc | +44 20 7614 5900 |
(Lead Broker) |
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Paul Shackleton, Daniel Gee-Summons |
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Hybridan LLP | +44 20 3764 2341 |
(Joint Broker) |
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Claire Louise Noyce |
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Oddo Seydler Bank AG | +49 69 920540 |
(Designated Sponsor) |
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Michael B. Thiriot |
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Luther Pendragon | +44 20 7618 9100 |
(Financial PR) |
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Harry Chathli, Alexis Gore, Joe Quinlan |
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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 5% profit interest in the Aje Field, part of OML 113, which covers an area of 835km² offshore Nigeria, and in February 2020 entered into an agreement with EER (Colobos) Nigeria Limited to acquire a further 4.2% profit interest (to be updated). 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
Identification code | Ordinary Shares of 1 pence each
GB00BJFDXW97 | ||||
b) | Nature of the transactions | Purchase of Ordinary Shares | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price | Single transaction as in 4 c) above
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e) | Date of the transaction | 16 November 2020 | ||||
f) | Place of the transaction | London Stock Exchange, AIM Market | ||||