ADM Energy PLC Fundraising including Offer via PrimaryBid.com (6205I)

TIDMADME

RNS Number : 6205I

ADM Energy PLC

09 August 2019

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014.

THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY, AND DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES OF ADM ENERGY PLC.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN, ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT.

THIS ANNOUNCEMENT AMOUNTS TO A FINANCIAL PROMOTION FOR THE PURPOSES OF SECTION 21 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 ("FSMA") AND HAS BEEN APPROVED BY PRIMARYBID LIMITED WHICH IS AUTHORISED AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY (FRN 779021)

9 August 2019

ADM Energy PLC

("ADM" or the "Company")

Fundraising including Offer via PrimaryBid.com

ADM Energy PLC (LSE: ADME), an oil and gas investing company quoted on AIM, is pleased to announce its intention to conduct a fundraising by the issue and allotment of new ordinary shares of 1 pence each in the Company ("New Ordinary Shares") at an issue price of 16 pence per New Ordinary Share (the "Issue Price"), being a discount of 15.8 per cent to the closing mid-price on 8 August 2019. The fundraising comprises a placing (the "Placing") in conjunction with an offer via PrimaryBid (the "Offer"), together the "Fundraising".

The Placing will be conducted by way of an accelerated bookbuild which will be launched immediately following this announcement. Pello Capital Limited will be acting as sole bookrunner in connection with the Placing.

The Offer, via the PrimaryBid.com platform, will be open to individual and institutional investors from 4.30 p.m. on 9 August 2019 to 5.00 p.m. on 11 August 2019. The Offer may close early if it is oversubscribed. A further announcement will be made, following the closure of the Offer and the Placing, which will contain details of the results of the Fundraising.

The funds raised will be used for general working capital purposes, to allow the Company to appraise further investment opportunities and to provide funds for investment.

Details of the Offer

The Company highly values its retail investor base which has supported the Company alongside institutional investors over several years. Given the longstanding support of retail shareholders, the Company believes that it is appropriate to provide retail and other interested investors the opportunity to participate in the Offer. The Company is therefore pleased to provide private and other investors the opportunity to participate in the Offer by applying exclusively through the www.PrimaryBid.com platform and the PrimaryBid mobile app available on the Apple App Store and Google Play. PrimaryBid does not charge investors any commission for this service.

Subscriptions under the Offer will be considered by the Company on a "first come, first served" basis, subject to conditions (which are available to view on PrimaryBid.com).

No commission is charged to investors on applications to participate in the Offer made through PrimaryBid. It is vital to note that once an application for New Ordinary Shares has been made and accepted via PrimaryBid, an application cannot be withdrawn.

For further information on PrimaryBid.com or the procedure for applications under the Offer, visit www.PrimaryBid.com or call PrimaryBid.com on [phone].

The New Ordinary Shares will be issued free of all liens, charges and encumbrances and will, when issued and fully paid, rank pari passu in all respects with the Company's existing Ordinary Shares.

 
ADM Energy PLC                             [phone] 
Osamede Okhomina, CEO 
 
Cairn Financial Advisers LLP               [phone] 
(Nominated Adviser) 
Jo Turner, James Caithie 
 
PrimaryBid Limited                         [phone] 
Kieran D'Silva 
 
Pello Capital Limited                      [phone] 
(Broker) 
Dan Gee 
 
Luther Pendragon                           [phone] 
(Financial PR) 
 Harry Chathli, Alexis Gore, Joe Quinlan 
 

Additional Details of the Offer

Retail and other investors may participate in the Offer of New Ordinary Shares on a "first come, first served" basis, exclusively through PrimaryBid.com.

The Offer is made under the exemptions against the need for a prospectus allowed under the Prospectus Rules. As such, there is no need for publication of a prospectus pursuant to the Prospectus Rules, or for approval of the same by the Financial Conduct Authority in its capacity as the UK Listing Authority. The Offer is not being made into any Restricted Jurisdiction or any other jurisdiction where it would be unlawful to do so.

There is a minimum subscription of GBP100 per investor under the terms of the Offer which is open to existing shareholders and other investors subscribing via PrimaryBid.com.

For further details please refer to the PrimaryBid.com website at www.PrimaryBid.com. The terms and conditions on which the Offer is made, including the procedure for application and payment for New Ordinary Shares, is available to all persons who register with PrimaryBid.com.

Investors should make their own investigations into the merits of an investment in the Company. Nothing in this announcement amounts to a recommendation to invest in the Company or amounts to investment, taxation or legal advice.

It should be noted that a subscription for New Ordinary Shares and investment in the Company carries a number of risks. Investors should consider the risk factors set out on PrimaryBid.com before making a decision to subscribe for New Ordinary Shares. Investors should take independent advice from a person experienced in advising on investment in securities such as the New Ordinary Shares if they are in any doubt.

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 [e-mail] or visit www.rns.com.

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August 09, 2019 11:30 ET (15:30 GMT)