RNS Number : 3839D
ADM Energy PLC
19 October 2022
 

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.

 

 

19 October 2022

 

ADM Energy PLC 

("ADM" or the "Company") 

 

Director's Dealing

 

ADM Energy PLC (AIM: ADME; BER and FSE: P4JC), a natural resources investing company, announces that on 18 October 2022, Osa Okhomina, Chief Executive Officer, sold 4,339,492 ordinary shares of 1 pence each ("Ordinary Shares") at an average price of 0.57937 pence per Ordinary Share.

 

Following the sale, Mr. Okhomina has a total beneficial holding of 1,666,667 shares in ADM, representing approximately 0.65% of the Company's issued share capital.

 

 

Enquiries:

 

ADM Energy plc

+44 20 7459 4718

Oliver Andrews, Chairman


www.admenergyplc.com




Cairn Financial Advisers LLP

+44 20 7213 0880

(Nominated Adviser)


Jo Turner, James Caithie




Hybridan LLP

+44 20 3764 2341

(Broker)


Claire Louise Noyce




 

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 an existing asset base in Nigeria. ADM Energy holds a 9.2% profit interest in the oil producing 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.

 

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

0.5250p

0.6823p

 

 

2,839,492

1,500,000

d)

Aggregated information

-     Aggregated volume

-     Price

Single transaction as in 4 c) above

Price

Volume(s)

0.57937p

 

4,339,492

e)

Date of the transaction

18 October 2022

f)

Place of the transaction

London Stock Exchange, AIM Market

 

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