Director Share Purchase

RNS Number : 3518G

ADM Energy PLC

24 November 2020

 

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.

24 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 23 and 24 November 2020, Peter Francis, Non-executive Chairman, purchased in total 450,000 ordinary shares of 1 pence each ("Ordinary Shares") at an average price of 5.58 pence per Ordinary Share.

Following the purchase, Mr. Francis has a total beneficial holding of 1,946,212 shares in ADM, representing approximately 1.99% of the Company's issued share capital.

Enquiries:

ADM Energy plc	[phone]
Osamede Okhomina, CEO
www.admenergyplc.com
Cairn Financial Advisers LLP	[phone]
(Nominated Adviser)
Jo Turner, James Caithie
Arden Partners plc	[phone]
(Lead Broker)
Paul Shackleton, Daniel Gee-Summons
Hybridan LLP	[phone]
(Joint Broker)
Claire Louise Noyce
Oddo Seydler Bank AG	[phone]
(Designated Sponsor)
Michael B. Thiriot
Luther Pendragon	[phone]
(Financial PR)
Harry Chathli, Alexis Gore, Joe Quinlan

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	Peter Francis
2.	Reason for the notification
a)	Position/status	Non-executive Chairman
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)	Price Volume 5.5p 5.65p 200,000 250,000
d)	Aggregated information -  Aggregated volume -  Price	Price Volume(s) 5.58 p 450,000
e)	Date of the transaction	23 and 24 November 2020
f)	Place of the transaction	London Stock Exchange, AIM Market

 

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