ADM Energy PLC has announced the temporary suspension of trading on AIM pending the publication of its 2023 Annual Report and Accounts. The company cited delays in the expected timetable due to investments made in the US, which have necessitated additional time for the auditors to complete their audit. As a result, the publication of the 2023 Annual Report is now targeted before the end of August 2024. The suspension of trading on AIM will take effect from 7.30 a.m. on 1 July 2024, with the expectation that it will be lifted upon the publication of the 2023 Annual Report.
ADM Energy PLC has committed to making further announcements regarding any developments that need to be disclosed in accordance with its obligations under the AIM Rules during the temporary suspension. The company has also emphasized that the information contained within the announcement is considered inside information and is now in the public domain following its publication via the Regulatory Information Service.
The company's contact information for enquiries was provided in the announcement, including details for ADM Energy plc, Cairn Financial Advisers LLP, ODDO BHF Corporates & Markets AG, and Gracechurch Group. ADM Energy PLC is a natural resources investing company with investments in JKT Reclamation, LLC, OFX Technologies, LLC, and a profit interest in the Aje Field, part of OML 113, offshore Nigeria. The Aje Field encompasses multiple oil, gas, and gas condensate reservoirs in the Turonian, Cenomanian, and Albian sandstones, with five wells drilled to date.
The announcement also included a disclaimer regarding forward-looking statements and provided information for recipients of the email regarding their interest in ADM Energy or their subscription to email alerts and newsletters from the company.