ADM Energy PLC Director's Dealing (3839D)
October 19 2022 - 1:00AM
UK Regulatory
TIDMADME
RNS Number : 3839D
ADM Energy PLC
19 October 2022
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED TO
CONSTITUTE INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE
MARKET ABUSE REGULATION (EU) NO. 596/2014. UPON THE PUBLICATION OF
THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE
IN THE PUBLIC DOMAIN.
19 October 2022
ADM Energy PLC
("ADM" or the "Company")
Director's Dealing
ADM Energy PLC (AIM: ADME; BER and FSE: P4JC), a natural
resources investing company, announces that on 18 October 2022, Osa
Okhomina, Chief Executive Officer, sold 4,339,492 ordinary shares
of 1 pence each ("Ordinary Shares") at an average price of 0.57937
pence per Ordinary Share.
Following the sale, Mr. Okhomina has a total beneficial holding
of 1,666,667 shares in ADM, representing approximately 0.65% of the
Company's issued share capital.
Enquiries:
ADM Energy plc +44 20 7459 4718
Oliver Andrews, Chairman
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
Gracechurch Group +44 20 4582 3500
(Financial PR)
Harry Chathli, Alexis Gore, Henry Gamble
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.
Market Abuse Regulation (MAR) Disclosure
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulation, provides further detail.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities / person closely associated
with them.
Details of the person discharging managerial responsibilities/person
1. closely associated
a) Name Osa Okhomina
------------------------------- ---------------------------------------------------------
Reason for the notification
2.
------------------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
------------------------------- ---------------------------------------------------------
b) Initial notification/Amendment Initial Notification
------------------------------- ---------------------------------------------------------
Details of the issuer, emission allowance market participant,
3. auction platform, auctioneer, or auction monitor
------------------------------------------------------------------------------------------
a) Name ADM Energy plc
------------------------------- ---------------------------------------------------------
b) LEI 213800DY7G8EEJCCOL47
------------------------------- ---------------------------------------------------------
Details of the transaction(s): section to be repeated for (i)
4. each type of instrument; (ii) each type of transaction; (iii)
each date; and (iv) each place where transactions have been
conducted
------------------------------------------------------------------------------------------
a) Description of the financial Ordinary Shares of 1 pence each
instrument
GB00BJFDXW97
Identification code
------------------------------- ---------------------------------------------------------
b) Nature of the transactions Purchase of Ordinary Shares
------------------------------- ---------------------------------------------------------
c) Price(s) and volume(s) Price Volume
0.5250p 2,839,492
0.6823p 1,500,000
-----------
------------------------------- ---------------------------------------------------------
d) Aggregated information Single transaction as in 4 c) above Price Volume(s)
- Aggregated volume 0.57937
- Price p 4,339,492
----------
------------------------------- ---------------------------------------------------------
e) Date of the transaction 18 October 2022
------------------------------- ---------------------------------------------------------
f) Place of the transaction London Stock Exchange, AIM Market
------------------------------- ---------------------------------------------------------
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END
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