01
November 2024
ADM Energy
PLC
("ADM" or
the "Company")
Further re: Delay to
Publication and Posting of 2023 Annual Report &
Accounts
Delay to Publication
of 2024 Interim Results
Continued
Temporary Suspension of trading on AIM
Further to the announcement made on
21 August 2024, ADM Energy PLC (AIM: ADME; BER and FSE: P4JC), a
natural resource investing company, announces a further delay to
the publication of its Annual Report and
Financial Statements for its financial year ended 31 December 2023
("Annual Report"), and expects to publish both its Annual Report
and its Half-Yearly Results for the six months ended 30 June 2024
("Interim Results") in the coming weeks.
Pursuant to Rule 19 and Rule 18 of
the AIM Rules for Companies (the "AIM Rules"), the Company was
required to publish its 2023 Annual Report by 30 June 2024 and its
2024 Interim Results by 30 September 2024.
Trading in the Company's ordinary
shares on AIM will remain suspended pending publication of its 2023
Annual Report and Accounts and its 2024 Interim Results.
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 ('MAR'). Upon the
publication of this announcement via Regulatory Information Service
('RIS'), this inside information is now considered to be in the
public domain.
Enquiries:
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ADM
Energy plc
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+44 7495 779520
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Stefan Olivier, Chief Executive
Officer
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www.admenergyplc.com
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Cairn Financial Advisers LLP
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+44 20 7213 0880
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(Nominated Adviser)
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Jo Turner, James Caithie
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ODDO BHF Corporates & Markets AG
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+49 69 920540
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(Designated Sponsor)
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Michael B. Thiriot
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Gracechurch Group
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+44 20 4582 3500
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(Financial PR)
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Harry Chathli, Alexis Gore, Henry
Gamble
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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.