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27 Jun 2025 17:00
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 | |
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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