Share Name Share Symbol Market Type Share ISIN Share Description
Adm Energy Plc LSE:ADME London Ordinary Share GB00BJFDXW97 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.225 -10.59% 1.90 1.80 2.00 2.125 1.90 2.125 147,651 14:31:25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 3.1 -0.8 -0.0 - 1

ADM Energy PLC Transfer in Significant Shareholding

26/03/2020 5:03pm

UK Regulatory (RNS & others)


Adm Energy (LSE:ADME)
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TIDMADME

RNS Number : 7795H

ADM Energy PLC

26 March 2020

26 March 2020

ADM Energy PLC

("ADM" or the "Company")

Transfer in Significant Shareholding

ADM Energy PLC (AIM:ADME), an oil and gas investing company quoted on AIM, announces that it has been notified that Zark Capital Limited, a significant shareholder in the Company with a holding of 6,000,000 ordinary shares of 1 pence each ("Ordinary Shares") representing an interest of 9.73 per cent. of the total voting rights of the Company, has transferred to Euro Americas Securities Limited its entire holding of 6,000,000 Ordinary Shares (the "Transfer").

The Company has been informed that the Transfer has been caried out to place the Ordinary Shares in a new custodian vehicle.

The notifications below provide further details.

TR-1: Standard form for notification of major holdings

 
 NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and 
  to the FCA in Microsoft Word format if possible) 
 
 1a. Identity of the issuer or the                                          ADM Energy PLC 
  underlying issuer of existing shares 
  to which voting rights are attached: 
                                                             -------------------------------------------- 
 1b. Please indicate if the issuer is a non-UK issuer ( please mark with 
  an "X" if appropriate) 
 Non-UK issuer 
                                                                                                     ---- 
 2. Reason for the notification (please mark the appropriate box or boxes 
  with an "X") 
 An acquisition or disposal of voting rights                                                           X 
                                                                                                     ---- 
 An acquisition or disposal of financial instruments 
                                                                                                     ---- 
 An event changing the breakdown of voting rights 
                                                                                                     ---- 
 Other (please specify): 
                                                                                                     ---- 
 3. Details of person subject to the notification obligation 
 Name                                                         ZARK CAPITAL LIMITED 
 City and country of registered office                        London, United Kingdom 
  (if applicable) 
 4. Full name of shareholder(s) (if different from 3.) 
 Name 
                                                             -------------------------------------------- 
 City and country of registered office 
  (if applicable) 
                                                             -------------------------------------------- 
 5. Date on which the threshold was                           26/01/2020 
  crossed or reached: 
                                                             -------------------------------------------- 
 6. Date on which issuer notified (DD/MM/YYYY):               24/03/2020 
                                                             -------------------------------------------- 
 7. Total positions of person(s) subject to the notification obligation 
                              % of voting       % of voting rights    Total of both   Total number 
                            rights attached      through financial     in % (8.A +     of voting rights 
                            to shares (total        instruments            8.B)        of issuer 
                                of 8. A)           (total of 8.B 
                                                    1 + 8.B 2) 
                          ------------------  ---------------------  --------------  -------------------- 
 Resulting situation 
  on the date 
  on which threshold 
  was crossed 
  or reached               0%                  n/a                    0%              61,649,210 
                          ------------------  ---------------------  --------------  -------------------- 
 Position of 
  previous notification 
  (if 
  applicable)              9.73% 
                          ------------------  ---------------------  --------------  -------------------- 
 
 
 
 8. Notified details of the resulting situation on the date on which the 
  threshold was crossed or reached 
 A: Voting rights attached to shares 
 Class/type of       Number of voting rights                                % of voting rights 
  shares 
  ISIN code (if 
  possible) 
                            Direct                     Indirect                      Direct                  Indirect 
                      (Art 9 of Directive        (Art 10 of Directive          (Art 9 of Directive     (Art 10 of Directive 
                          2004/109/EC)               2004/109/EC)             2004/109/EC) (DTR5.1)        2004/109/EC) 
                            (DTR5.1)                  (DTR5.2.1)                                            (DTR5.2.1) 
                                            ----------------------------- 
 GB00BJFDXW97        0                       n/a                            0%                         n/a 
                    ----------------------  -----------------------------  -------------------------  --------------------- 
 
 
 SUBTOTAL 8. A                                0                                                   0% 
                    -----------------------------------------------------  ------------------------------------------------ 
 
 B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC 
  (DTR5.3.1.1 (a)) 
 Type of financial   Expiration    Exercise/                         Number of voting                  % of voting 
  instrument          date          Conversion Period                 rights that may                   rights 
                                                                      be acquired if 
                                                                      the instrument 
                                                                      is 
                                                                      exercised/converted. 
                    ------------  --------------------------------  --------------------------------  --------------------- 
 
 
 
                                   SUBTOTAL 8. B 1 
                                  --------------------------------  --------------------------------  --------------------- 
 
 B 2: Financial Instruments with similar economic effect according to 
  Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) 
 Type of        Expiration         Exercise/              Physical or            Number of             % of voting 
  financial      date               Conversion             cash                   voting rights         rights 
  instrument                        Period                 settlement 
               -----------------  ---------------------  ---------------------  -------------------- 
 
 
 
                                                          SUBTOTAL 8.B.2 
                                                         ---------------------  -------------------- 
 
 
 
 
 9. Information in relation to the person subject to the notification 
  obligation (please mark the 
  applicable box with an "X") 
 Person subject to the notification obligation is not controlled                        X 
  by any natural person or legal entity and does not control any other 
  undertaking(s) holding directly or indirectly an interest in the 
  (underlying) issuer 
 Full chain of controlled undertakings through which the voting rights 
  and/or the 
  financial instruments are effectively held starting with the ultimate 
  controlling natural person or legal entity (please add additional 
  rows as necessary) 
       Name          % of voting rights      % of voting rights       Total of both if 
                       if it equals or        through financial        it equals or is 
                      is higher than the      instruments if it        higher than the 
                     notifiable threshold    equals or is higher     notifiable threshold 
                                             than the notifiable 
                                                  threshold 
                   ----------------------  ---------------------  ------------------------ 
 n/a 
                   ----------------------  ---------------------  ------------------------ 
 
 
 
 
 
 10. In case of proxy voting, please identify: 
 Name of the proxy holder                   n/a 
                                           ----------------------------------------------- 
 The number and % of voting rights          n/a 
  held 
                                           ----------------------------------------------- 
 The date until which the voting rights     n/a 
  will be held 
                                           ----------------------------------------------- 
 
 11. Additional information 
 n/a 
 
 
 
 Place of completion   London 
 Date of completion    23/03/2020 
                      ----------- 
 

TR-1: Standard form for notification of major holdings

 
 NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and 
  to the FCA in Microsoft Word format if possible) 
 
 1a. Identity of the issuer or the                                          ADM Energy PLC 
  underlying issuer of existing shares 
  to which voting rights are attached: 
                                                             -------------------------------------------- 
 1b. Please indicate if the issuer is a non-UK issuer ( please mark with 
  an "X" if appropriate) 
 Non-UK issuer 
                                                                                                     ---- 
 2. Reason for the notification (please mark the appropriate box or boxes 
  with an "X") 
 An acquisition or disposal of voting rights                                                           X 
                                                                                                     ---- 
 An acquisition or disposal of financial instruments 
                                                                                                     ---- 
 An event changing the breakdown of voting rights 
                                                                                                     ---- 
 Other (please specify): 
                                                                                                     ---- 
 3. Details of person subject to the notification obligation 
 Name                                                         EURO AMERICAS SECURITIES LIMITED 
 City and country of registered office                        British Virgin Islands 
  (if applicable) 
 4. Full name of shareholder(s) (if different from 3.) 
 Name 
                                                             -------------------------------------------- 
 City and country of registered office 
  (if applicable) 
                                                             -------------------------------------------- 
 5. Date on which the threshold was                           26/01/2020 
  crossed or reached: 
                                                             -------------------------------------------- 
 6. Date on which issuer notified (DD/MM/YYYY):               24/03/2020 
                                                             -------------------------------------------- 
 7. Total positions of person(s) subject to the notification obligation 
                              % of voting       % of voting rights    Total of both   Total number 
                            rights attached      through financial     in % (8.A +     of voting rights 
                            to shares (total        instruments            8.B)        of issuer 
                                of 8. A)           (total of 8.B 
                                                    1 + 8.B 2) 
                          ------------------  ---------------------  --------------  -------------------- 
 Resulting situation 
  on the date 
  on which threshold 
  was crossed 
  or reached               9.73%               n/a                    9.73%           61,649,210 
                          ------------------  ---------------------  --------------  -------------------- 
 Position of 
  previous notification 
  (if 
  applicable)              0% 
                          ------------------  ---------------------  --------------  -------------------- 
 
 
 
 8. Notified details of the resulting situation on the date on which the 
  threshold was crossed or reached 
 A: Voting rights attached to shares 
 Class/type of       Number of voting rights                                % of voting rights 
  shares 
  ISIN code (if 
  possible) 
                            Direct                     Indirect                      Direct                  Indirect 
                      (Art 9 of Directive        (Art 10 of Directive          (Art 9 of Directive     (Art 10 of Directive 
                          2004/109/EC)               2004/109/EC)             2004/109/EC) (DTR5.1)        2004/109/EC) 
                            (DTR5.1)                  (DTR5.2.1)                                            (DTR5.2.1) 
                                            ----------------------------- 
 GB00BJFDXW97        6,000,000               n/a                            9.73%                      n/a 
                    ----------------------  -----------------------------  -------------------------  --------------------- 
 
 
 SUBTOTAL 8. A                            6,000,000                                              9.73% 
                    -----------------------------------------------------  ------------------------------------------------ 
 
 B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC 
  (DTR5.3.1.1 (a)) 
 Type of financial   Expiration    Exercise/                         Number of voting                  % of voting 
  instrument          date          Conversion Period                 rights that may                   rights 
                                                                      be acquired if 
                                                                      the instrument 
                                                                      is 
                                                                      exercised/converted. 
                    ------------  --------------------------------  --------------------------------  --------------------- 
 Warrants            30/09/2021    30/09/2021                        6,000,000                         9.73% 
                    ------------  --------------------------------  --------------------------------  --------------------- 
 
 
                                   SUBTOTAL 8. B 
                                    1                                6,000,000                         9.73% 
                                  --------------------------------  --------------------------------  --------------------- 
 
 B 2: Financial Instruments with similar economic effect according to 
  Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) 
 Type of        Expiration         Exercise/              Physical or            Number of             % of voting 
  financial      date               Conversion             cash                   voting rights         rights 
  instrument                        Period                 settlement 
               -----------------  ---------------------  ---------------------  -------------------- 
 
 
 
                                                          SUBTOTAL 8.B.2 
                                                         ---------------------  -------------------- 
 
 
 
 
 9. Information in relation to the person subject to the notification 
  obligation (please mark the 
  applicable box with an "X") 
 Person subject to the notification obligation is not controlled                        X 
  by any natural person or legal entity and does not control any other 
  undertaking(s) holding directly or indirectly an interest in the 
  (underlying) issuer 
 Full chain of controlled undertakings through which the voting rights 
  and/or the 
  financial instruments are effectively held starting with the ultimate 
  controlling natural person or legal entity (please add additional 
  rows as necessary) 
       Name          % of voting rights      % of voting rights       Total of both if 
                       if it equals or        through financial        it equals or is 
                      is higher than the      instruments if it        higher than the 
                     notifiable threshold    equals or is higher     notifiable threshold 
                                             than the notifiable 
                                                  threshold 
                   ----------------------  ---------------------  ------------------------ 
 n/a 
                   ----------------------  ---------------------  ------------------------ 
 
 
 
 
 
 10. In case of proxy voting, please identify: 
 Name of the proxy holder                   n/a 
                                           ----------------------------------------------- 
 The number and % of voting rights          n/a 
  held 
                                           ----------------------------------------------- 
 The date until which the voting rights     n/a 
  will be held 
                                           ----------------------------------------------- 
 
 11. Additional information 
 n/a 
 
 
 
 Place of completion   London 
 Date of completion    23/03/2020 
                      ----------- 
 

Enquiries:

 
ADM Energy plc                             +44 20 7786 3555 
Osamede Okhomina, CEO 
 
Cairn Financial Advisers LLP               +44 20 7213 0880 
(Nominated Adviser) 
Jo Turner, James Caithie 
 
Fox-Davies Capital Ltd                     +44 20 3884 8450 
(Lead Broker) 
Daniel Fox-Davies, Lionel Therond 
 
Pello Capital Limited                      +44 20 3700 2500 
(Joint Broker) 
Dan Gee 
 
Luther Pendragon                           +44 20 7618 9100 
(Financial PR) 
 Harry Chathli, Alexis Gore, Joe Quinlan 
 

About ADM Energy PLC

ADM Energy (AIM:ADME) is a natural resources investment 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 858km(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, route to early cash flow and exploration upside.

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.

END

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March 26, 2020 13:03 ET (17:03 GMT)

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