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ADM Energy plc ( (GB:ADME) ) has provided an update.
ADM Energy PLC announced that its broker option, aimed at raising additional funds through the issuance of new shares, was oversubscribed, bringing in £274,000, surpassing the initial target of £250,000. This development is part of a broader capital reorganisation strategy, with implications for shareholder participation and company funding, pending approval at the upcoming General Meeting.
More about ADM Energy plc
ADM Energy PLC is a natural resources investing company with diverse investments, including a 100% interest in Vega Oil and Gas, a 30.6% economic interest in JKT Reclamation, LLC, and a 46.8% economic interest in OFX Technologies, LLC. The company also holds a 9.2% profit interest in the Aje Field, part of OML 113 offshore Nigeria, which contains multiple oil, gas, and gas condensate reservoirs.
Average Trading Volume: 1,344,822
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £1.57M
See more data about ADME stock on TipRanks’ Stock Analysis page.
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