ADM Energy plc ( (GB:ADME) ) just unveiled an update.
ADM Energy PLC has announced the settlement of outstanding debts amounting to approximately £74,800 by issuing 73,844,333 new ordinary shares. Additionally, the company is settling an arrangement fee with Catalyse Capital Ltd by issuing 30,000,000 new shares. This move is part of ADM’s capital reorganization and subscription strategy, enhancing its financial structure and potentially impacting shareholder interests through changes in share capital and voting rights.
More about ADM Energy plc
ADM Energy PLC is a natural resources investing company with significant investments, including a 53.1% economic interest in OFX Technologies, LLC and a 9.2% profit interest in Aje Field, part of OML 113 offshore Nigeria. The Aje Field contains multiple oil, gas, and gas condensate reservoirs.
YTD Price Performance: -30.0%
Average Trading Volume: 3,136,183
Technical Sentiment Signal: Strong Buy
Current Market Cap: £2.13M
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