RNS Number : 4765F
ADM Energy PLC
16 November 2020
 

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED TO CONSTITUTE INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) NO. 596/2014.  UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

 

16 November 2020

 

ADM Energy PLC 

("ADM" or the "Company") 

 

Director Share Purchase

 

ADM Energy PLC (AIM: ADME; BER and FSE: P4JC), a natural resources investing company,  announces that on 16 November 2020, Osa Okhomina, Chief Executive Officer, purchased 300,000 ordinary shares of 1 pence each ("Ordinary Shares") at a price of 4.9 pence per Ordinary Share.

 

Following the purchase, Mr. Okhomina has a total beneficial holding of 1,015,909 shares in ADM, representing approximately 1.04% of the Company's issued share capital.

 

 

Enquiries:

 

ADM Energy plc

+44 20 7459 4718

Osamede Okhomina, CEO

 

www.admenergyplc.com

 

 

 

Cairn Financial Advisers LLP

+44 20 7213 0880

(Nominated Adviser)

 

Jo Turner, James Caithie

 

 

 

Arden Partners plc

+44 20 7614 5900

(Lead Broker)

 

Paul Shackleton, Daniel Gee-Summons

 

 

 

Hybridan LLP

+44 20 3764 2341

(Joint Broker)

 

Claire Louise Noyce

 

 

 

Oddo Seydler Bank AG

+49 69 920540

(Designated Sponsor)

 

Michael B. Thiriot

 

 

 

Luther Pendragon

+44 20 7618 9100

(Financial PR)

 

Harry Chathli, Alexis Gore, Joe Quinlan

 

 

About ADM Energy PLC

 

ADM Energy PLC (AIM: ADME; BER and FSE: P4JC) is a natural resources investing company with an existing asset base in Nigeria. ADM Energy holds a 5% profit interest in the Aje Field, part of OML 113, which covers an area of 835km² offshore Nigeria, and in February 2020 entered into an agreement with EER (Colobos) Nigeria Limited to acquire a further 4.2% profit interest (to be updated). Aje has multiple oil, gas, and gas condensate reservoirs in the Turonian, Cenomanian and Albian sandstones with five wells drilled to date.

 

ADM Energy is seeking to build on its existing asset base in Nigeria and target other investment opportunities across the West African region in the oil and gas sector with attractive risk reward profiles such as proven nature of reserves, level of historic investment, established infrastructure and route to early cash flow.

 

 

Market Abuse Regulation (MAR) Disclosure

 

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities / person closely associated with them.

 

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Osa Okhomina

2.

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification/Amendment

Initial Notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer, or auction monitor

a)

Name

ADM Energy plc

b)

LEI

213800DY7G8EEJCCOL47

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument

 

Identification code

Ordinary Shares of 1 pence each

 

GB00BJFDXW97

b)

Nature of the transactions

Purchase of Ordinary Shares

c)

Price(s) and volume(s)

 

Price

Volume

4.9p

 

300,000

 

 

d)

Aggregated information

-     Aggregated volume

-     Price

Single transaction as in 4 c) above

Price

Volume(s)

4.9p

 

300,000

 

e)

Date of the transaction

16 November 2020

f)

Place of the transaction

London Stock Exchange, AIM Market

 

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