Conditional Subscription Update

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	[phone]
Osamede Okhomina, CEO
Cairn Financial Advisers LLP	[phone]
(Nominated Adviser)
Jo Turner, James Caithie
Pello Capital Limited	[phone]
(Broker)
Dan Gee
Luther Pendragon	[phone]
(Financial PR) Harry Chathli, Alexis Gore, Joe Quinlan

 

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