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:
| ADM Energy plc | +44 7495 779520 |
| Stefan Olivier, Chief Executive Officer | |
| | |
| | |
| Cairn Financial Advisers LLP | +44 20 7213 0880 |
| (Nominated Adviser) | |
| Jo Turner, James Caithie | |
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| 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.
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