ADM Energy PLC Director's Dealing (3839D)

TIDMADME

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                             [phone] 
Oliver Andrews, Chairman 
www.admenergyplc.com 
 
Cairn Financial Advisers LLP               [phone] 
(Nominated Adviser) 
Jo Turner, James Caithie 
 
Hybridan LLP                               [phone] 
(Broker) 
Claire Louise Noyce 
 
 
  ODDO BHF Corporates & Markets AG           [phone] 
(Designated Sponsor) 
Michael B. Thiriot 
 
Gracechurch Group                          [phone] 
(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 835km(2) 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.

 
       Details of the person discharging managerial responsibilities/person 
  1.    closely associated 
 a)    Name                             Osa Okhomina 
      -------------------------------  --------------------------------------------------------- 
       Reason for the notification 
  2. 
      ------------------------------------------------------------------------------------------ 
 a)    Position/status                  Chief Executive Officer 
      -------------------------------  --------------------------------------------------------- 
 b)    Initial notification/Amendment   Initial Notification 
      -------------------------------  --------------------------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3.    auction platform, auctioneer, or auction monitor 
      ------------------------------------------------------------------------------------------ 
 a)    Name                             ADM Energy plc 
      -------------------------------  --------------------------------------------------------- 
 b)    LEI                              213800DY7G8EEJCCOL47 
      -------------------------------  --------------------------------------------------------- 
       Details of the transaction(s): section to be repeated for (i) 
  4.    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     Ordinary Shares of 1 pence each 
        instrument 
                                         GB00BJFDXW97 
        Identification code 
      -------------------------------  --------------------------------------------------------- 
 b)    Nature of the transactions       Purchase of Ordinary Shares 
      -------------------------------  --------------------------------------------------------- 
 c)    Price(s) and volume(s)             Price      Volume 
                                           0.5250p    2,839,492 
                                            0.6823p    1,500,000 
                                                     ----------- 
      -------------------------------  --------------------------------------------------------- 
 d)    Aggregated information           Single transaction as in 4 c) above Price      Volume(s) 
        - Aggregated volume               0.57937 
        - Price                            p         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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October 19, 2022 02:00 ET (06:00 GMT)