21 March 2025
ADM Energy PLC
("ADM" or the "Company")
Result of General Meeting
ADM Energy PLC (AIM: ADME; BER and FSE: P4JC), a natural resource investing company, announces that at the General Meeting held today, all resolutions were duly passed.
As such the Capital Reorganisation has now been approved by shareholder vote, and the expected timetable of events is set out below.
Expected Timetable of Events
| | 2025 |
| General Meeting
| 12:00 p.m. on 21 March |
| Record date for the subdivision and reclassification of the Existing Ordinary Shares
| 6:00 p.m. on 21 March |
| | |
| | On or around: |
| |
|
| Admission of the Admission Shares
| 8:00 a.m. on 24 March |
| CREST accounts credited with the Admission Shares
| Morning of 24 March |
| Dispatch of definitive share certificates in respect of the Admission Shares
| No later than 07 April |
Capitalised terms in this announcement have the meaning ascribed to them in the Definitions section of the Circular. The Circular can be found on the Company's website https://admenergyplc.com/.
Market Abuse Regulation (MAR) Disclosure
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 20 7786 3555 |
| Lord Henry Bellingham, Non-executive Chairman | |
| | |
| | |
| Cairn Financial Advisers LLP | +44 20 7213 0880 |
| (Nominated Adviser) | |
| Jo Turner, James Caithie, Ed Downes | |
| | |
| 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 100% interest in Vega Oil and Gas; 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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