Exercise of Warrants

RNS Number : 6770C

ADM Energy PLC

19 June 2019

 

Prior to publication, the information contained within this announcement was deemed by the Company to constitute inside information as stipulated under Article 7 of the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). With the publication of this announcement, this information is now considered to be in the public domain.

19 June 2019

ADM Energy plc

("ADM Energy" or the "Company")

Exercise of Warrants and Issue of Equity

ADM Energy plc, an oil and gas investing company quoted on AIM, announces that it has today allotted 1,800,000 new ordinary shares of 1 pence each pursuant to the exercise of warrants at an exercise price of 4 pence per share providing the Company with proceeds of £72,000.

Application has been made to the London Stock Exchange to admit the new ordinary shares to trading on AIM ("Admission"). Admission of the new ordinary shares is expected to occur on or around 24 June 2019. The new ordinary shares will rank pari passu with the existing ordinary shares.

For the purpose of the Disclosure and Transparency Rules, following Admission, the issued share capital of the Company will comprise 46,513,497 ordinary shares of 1p each. The Company does not hold any ordinary shares in treasury. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Disclosure and Transparency Rules.

-Ends-

For further information please contact:

ADM Energy plc	[phone]
Richard Carter, Chairman
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

 

END

 

 

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