ADME.L

ADM Energy
ADM Energy PLC - Temporary Suspension
27th June 2024, 13:30
TwitterFacebookLinkedIn
To continue viewing RNS, please confirm that you are a Private Investor*

* A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:

  1. Obtains access to the information in a personal capacity;
  2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
  3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
  4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
  5. Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
  6. Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
RNS Number : 2033U
ADM Energy PLC
27 June 2024
 

 

 

27 June 2024

 

 

ADM Energy PLC

 

("ADM" or the "Company")

  

 

     Temporary Suspension of trading on AIM pending publication of 2023 Annual Report & Accounts

 

 

ADM Energy PLC (AIM: ADME; BER and FSE: P4JC), a natural resource investing company, provides the following update in relation to its Annual Report and Financial Statements for its financial year ended 31 December 2023 (the "2023 Annual Report").

Pursuant to Rule 19 of the AIM Rules for Companies (the "AIM Rules"), the Company is required to publish its 2023 Annual Report by 30 June 2024. The Company confirms, however, that the investments made by the Company in the US, which were announced during and post year end, have resulted in a delay in the expected timetable and the auditors require additional time to complete their audit.

Accordingly, the Company no longer expects to be able to publish the 2023 Annual Report by 30 June 2024.  The Company is now targeting the publication of the 2023 Annual Report before end of August 2024.

Trading in the Company's ordinary shares on AIM will be suspended with effect from 7.30 a.m. on 1 July 2024, pending publication of its 2023 Annual Report and Accounts. Suspension from trading is expected to be lifted with the publication of the 2023 Annual Report in due course.

The Company will continue to make announcements regarding any developments that need to be disclosed in accordance with its obligations under the AIM Rules, whilst the temporary suspension is in place.

 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service , this inside information is now considered to be in the public domain.

 

Enquiries:

 

ADM Energy plc

+44 7495 779520

Stefan Olivier, Chief Executive Officer


www.admenergyplc.com




Cairn Financial Advisers LLP

+44 20 7213 0880

(Nominated Adviser)


Jo Turner, James Caithie




ODDO BHF Corporates & Markets AG

 +49 69 920540

(Designated Sponsor)


Michael B. Thiriot




Gracechurch Group

+44 20 4582 3500

(Financial PR)


Harry Chathli, Alexis Gore, Henry Gamble


 

About ADM Energy PLC

ADM Energy PLC (AIM: ADME; BER and FSE: P4JC) is a natural resources investing company with investments including a 30.6% economic interest in JKT Reclamation, LLC; a 46.8% economic interest in OFX Technologies, LLC (www.ofxtechnologies.com); and a 9.2% profit interest in the Aje Field, part of OML 113, which covers an area of 835km² offshore Nigeria. Aje has multiple oil, gas, and gas condensate reservoirs in the Turonian, Cenomanian and Albian sandstones with five wells drilled to date.   

Forward Looking Statements

Certain statements in this announcement are, or may be deemed to be, forward-looking statements. Forward looking statements are identified by their use of terms and phrases such as "believe", "could", "should", "envisage'', "estimate", "intend", "may", "plan", "potentially", "expect", "will" or the negative of those, variations or comparable expressions, including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward-looking statements reflect the Directors' current beliefs and assumptions and are based on information currently available to the Directors.

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 rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
SUSFLFFVRIIDFIS]]>
TwitterFacebookLinkedIn