TIDMADME

RNS Number : 5163V

ADM Energy PLC

14 December 2021

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 596/2014 (WHICH FORMS PART OF DOMESTIC UK LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

14 December 2021

ADM Energy PLC

("ADM" or the "Company")

Requisition to Convene a General Meeting

ADM Energy PLC (AIM: ADME; BER and FSE: P4JC), a natural resources investing company, announces that on 13 December 2021, pursuant to Section 303 of the Companies Act 2006 ("Act"), it received a letter on behalf of certain shareholders who hold in excess of five per cent. of the Company's issued share capital to requisition a general meeting ("GM") of the Company ("Requisition").

The Requisition proposes that shareholders be asked to consider the following resolutions:

   1.    that Osamede Okhomina be removed as a director of the Company with immediate effect; 
   2.    that Richard Carter be removed as a director of the Company with immediate effect; 
   3.    the Oliver Andrews be removed as a director of the Company with immediate effect; and 
   4.    that Richard Jennings be appointed as a Director of the Company with immediate effect.

The Board considers that the documentation received is valid and, accordingly, pursuant to the Act, the Company will within 21 days of receipt of the requisition post a circular to shareholders to convene the GM.

A further announcement will be made in due course.

Enquiries:

 
ADM Energy plc                             +44 20 7459 4718 
Osamede Okhomina, CEO 
www.admenergyplc.com 
 
Cairn Financial Advisers LLP               +44 20 7213 0880 
(Nominated Adviser) 
Jo Turner, James Caithie 
 
Hybridan LLP                               +44 20 3764 2341 
(Broker) 
Claire Louise Noyce 
 
ODDO BHF Corporates & Markets AG           +49 69 920540 
(Designated Sponsor) 
Michael B. Thiriot 
 
Luther Pendragon                           +44 20 7618 9100 
(Financial PR) 
Harry Chathli, Alexis Gore, Tan Siddique

About ADM Energy PLC

ADM Energy PLC (AIM: ADME; BER and FSE: P4JC) is a natural resources investing company with an existing asset base in Nigeria. ADM Energy holds a 9.2% profit interest in the oil producing Aje Field, part of OML 113, which covers an area of 835km(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 and route to early cash flow.

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December 14, 2021 02:00 ET (07:00 GMT)

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