Last checked at 16 Jul 2020 07:00
16 July 2020
ADM Energy PLC
("ADM" or the "Company")
ADM Energy Shares Traded on XETRA
Appointment of ODDO SEYDLER as Designated Sponsor
ADM Energy PLC (AIM: ADME; BER and FSE: P4JC), a natural resources investing company, is pleased to announce that, in addition to the trading on the Quotation Board Segment of the Open Market of the Berlin Stock Exchange ("BER") and Frankfurt Stock Exchange ("FSE") as announced on 25 June 2020, its shares will also commence trading on Xetra, the electronic trading platform of the Frankfurt Stock Exchange, on 17 July 2020. The Company has appointed ODDO SEYDLER BANK AG ("ODDO SEYDLER") as its Designated Sponsor for Xetra with immediate effect.
ODDO SEYDLER has been mandated by the Company to qualify for the 'continuous trading with auctions service' on the Xetra electronic trading venue. The Designated Sponsor provides binding bid and ask prices in continuous auctions, ensuring immediate execution of purchase and sale orders, thereby improving the liquidity of ADM's shares on Xetra for German and European investors. ODDO SEYDLER is a Designated Sponsor for German listed companies on Xetra, Deutsche Börse AG's electronic trading platform. They are also a Designated Sponsor for more than 170 German listed companies across the Mid and Small cap market, covering about a third of the market.
Osamede Okhomina, CEO of ADM, said: "We are delighted to appoint ODDO SEYDLER as our Designated Sponsor to support our Frankfurt listing. By trading on Xetra, the most important electronic trading venue in Germany, we aim to increase exposure in ADM's shares and improve liquidity for our future German shareholder base."
Enquiries:
ADM Energy plc | +44 20 7786 3555 |
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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Hybridan LLP | +44 20 3764 2341 |
(Lead Broker) |
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Claire Louise Noyce |
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Pello Capital Limited | +44 20 3700 2500 |
(Joint Broker) |
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Dan Gee |
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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 858km² offshore Nigeria, and in February 2020 entered into an agreement with EER (Colobos) Nigeria Limited to acquire a further 4.2% profit interest. 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, route to early cash flow and exploration upside.
About ODDO SEYDLER BANK AG
ODDO SEYDLER BANK AG is a merchant bank which is active in the capital markets primarily in three areas: market making as designated sponsor, fixed income trading and equities & fixed income specialist on the floor of the Frankfurt Stock Exchange. The bank supports medium-sized companies in all capital market-related projects and, in cooperation with its partner, FMR - Frankfurt Main Research AG, offers investors in the German-speaking area as well as international research with a focus on small and mid-caps in the DACH region.