DGAP-News: ADM Energy PLC / Key word(s): Miscellaneous
ADM Energy PLC: Director Share Purchase

16.11.2020 / 16:35
The issuer is solely responsible for the content of this announcement.


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
 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.



16.11.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: ADM Energy PLC
60 Gracechurch street
EC3V 0HR London
United Kingdom
Phone: +44 (0)2077863555
E-mail: hello@admenergyplc.com
Internet: www.admenergyplc.com
ISIN: GB00BJFDXW97
WKN: A2PLC1
Listed: Foreign Exchange(s) London
EQS News ID: 1148517

 
End of News DGAP News Service

1148517  16.11.2020 

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