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Conditional Subscription Update

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RNS Number : 9439R
ADM Energy PLC
01 November 2019
 

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.

 

 

1 November 2019

ADM Energy PLC 

 

("ADM" or the "Company") 

 

Conditional Subscription Update

 

 

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. 

 

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 £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 £278,910, has been subject to further delays. The Company will provide a further update to the market in due course.

 

The Fundraising will be subject to application to the London Stock Exchange for admission to trading on AIM.

 

 

For further information please contact:

 

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 9100 

(Financial PR)

Harry Chathli, Alexis Gore, Joe Quinlan


 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Price: 4.6

Market: AIM
Market Cap: £2.74 m
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