ADM Energy Plc - Corporate Update, Delay to the Publication of Annual Results and Half-year Report, Continued Suspension to Trading on AIM
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Corporate Update
Delay to the Publication of 2024 Annual Results and 2025 Half-year Report
and Continued Suspension to Trading on AIM
The Company was advised that
on
In
Since this fundraise, the Board has been carefully managing the Company’s working capital while it explores longer-term structured solutions. It has reduced creditor liabilities and remains in discussions with key stakeholders to manage the financial position of the Company. Further, the Company is in continued discussions with an interested party in relation to further funding of its investee companies, and at the PLC level. However, in the event that these discussions do not progress, the Board will need to carefully consider the company’s financial position and solvency.
Delay to the Publication of 2024 Annual Results and 2025 Half-year Report
Further to the announcement made on
As announced previously, pursuant to Rule 19 of the AIM Rules for Companies (the "AIM Rules"), the Company was required to publish its 2024 Annual Report by
The Company will continue to make announcements regarding any developments that need to be disclosed in accordance with its obligations under the AIM Rules, whilst the temporary suspension is in place.
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
Enquiries:
ADM Energy plc +1 214 675 7579Randall Connally , Chief Executive Officer www.admenergyplc.comCairn Financial Advisers LLP +44 207 213 0880 (Nominated Adviser)Jo Turner /Liam Murray /Ed Downes Novum Securities Limited +44 207 399 9400 (Broker)Gavin Burnell /Colin Rowbury ODDO BHF Corporates & Markets AG +49 69 920540 (Designated Sponsor,Frankfurt Stock Exchange )Michael B. Thiriot
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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.
