ADM Energy Settles Debt with New Share Issuance

ADM Energy plc ( (GB:ADME) ) has provided an update.

ADM Energy PLC has announced the settlement of a £20,000 debt by issuing 20,000,000 new ordinary shares at an issue price of 0.1 pence per share. This move will increase the company’s issued share capital to 1,689,177,144 ordinary shares, which will represent the total voting rights in the company. The admission of these shares to trading on AIM is expected around 2 May 2025, allowing shareholders to adjust their interests in the company as per the Financial Conduct Authority’s rules.

More about ADM Energy plc

ADM Energy PLC is a natural resources investing company with a diverse portfolio that includes a 100% interest in Vega Oil and Gas, LLC, a 70% working interest in the Altoona Lease in California, a 41.4% economic interest in JKT Reclamation, LLC, a 42.2% economic interest in OFX Technologies, LLC, and a 9.2% profit interest in the Aje Field offshore Nigeria, which features multiple oil, gas, and gas condensate reservoirs.

YTD Price Performance: -58.00%

Average Trading Volume: 5,657,478

Technical Sentiment Signal: Buy

Current Market Cap: £1.75M

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