16
December 2024
ADM Energy
PLC
("ADM" or
the "Company")
Directorate
Change
ADM Energy PLC (AIM: ADME; BER and
FSE: P4JC), a natural resource investing company, announces that
Claudio Coltellini, a Non-executive Director of the Company, has
stepped down from the Board of the Company effective immediately to
pursue other opportunities.
Mr. Coltellini is a director of OFX
Holdings, LLC, a Texas limited liability company and substantial
shareholder of the Company. Following the resignation of Mr.
Coltellini, the Board of Directors of the Company will consist of
three members with two independent directors.
Commenting on the resignation of Mr.
Coltellini, Lord Henry Bellingham said: "We sincerely
appreciate the contributions and support that Claudio has provided
to the Company and wish him well in all his future
endeavours".
Market Abuse Regulation (MAR) Disclosure
The information contained within
this announcement is deemed by the Company to constitute inside
information as stipulated under the Market Abuse Regulations (EU)
No. 596/2014 as it forms part of UK domestic law by virtue of
the European Union (Withdrawal) Act 2018 ('MAR'). Upon the
publication of this announcement via Regulatory Information Service
('RIS'), this inside information is now considered to be in the
public domain.
Enquiries:
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ADM Energy
plc
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+44 7495
779520
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Stefan Olivier, Chief Executive
Officer
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www.admenergyplc.com
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Cairn
Financial Advisers LLP
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+44 20 7213
0880
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(Nominated Adviser)
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Jo Turner, James Caithie
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ODDO BHF
Corporates & Markets AG
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+49 69
920540
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(Designated Sponsor)
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Michael B. Thiriot
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Gracechurch
Group
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+44 20 4582
3500
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(Financial PR)
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Harry Chathli, Alexis Gore, Henry
Gamble
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About ADM Energy PLC
ADM Energy PLC (AIM: ADME; BER and
FSE: P4JC) is a natural resources investing company with
investments including a 100% interest in Vega Oil and Gas; a 30.6%
economic interest in JKT Reclamation, LLC; a 46.8% economic
interest in OFX Technologies, LLC (www.ofxtechnologies.com);
and, a 9.2% profit interest in the Aje Field, part of OML 113,
which covers an area of 835km² offshore Nigeria. Aje has multiple
oil, gas, and gas condensate reservoirs in the Turonian, Cenomanian
and Albian sandstones with five wells drilled to date.
Forward Looking Statements
Certain statements in this
announcement are, or may be deemed to be, forward-looking
statements. Forward looking statements are identified by their use
of terms and phrases such as "believe", "could", "should",
"envisage'', "estimate", "intend", "may", "plan", "potentially",
"expect", "will" or the negative of those, variations or comparable
expressions, including references to assumptions. These
forward-looking statements are not based on historical facts but
rather on the Directors' current expectations and assumptions
regarding the Company's future growth, results of operations,
performance, future capital and other expenditures (including the
amount, nature and sources of funding thereof), competitive
advantages, business prospects and opportunities. Such
forward-looking statements reflect the Directors' current beliefs
and assumptions and are based on information currently available to
the Directors.
