Business
Completion of Subscription
Completion of Subscription.
About this update from Adm Energy Plc
[{"type":"text","content":"\n \nRNS Number : 0618Z ADM Energy PLC 08 January 2020 \n\nTHE 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.\n \n \n8 January 2020\n \nADM Energy PLC \n \n(\"ADM\" or the \"Company\") \n \nCompletion of Subscription\n \nADM Energy PLC (AIM:ADME), an oil and gas investing company quoted on AIM, is pleased to announce the completion of the fundraising announced on 30 September 2019. \n \nOn 30 September 2019, the Company announced that a conditional fundraising (\"Fundraising\"), would proceed to completion following shareholder approval at the Company's general meeting on the same day. As announced on 12 November 2019, whilst ADM raised approximately £412,000 in the Fundraising, the completion of the Fundraising in its entirety was delayed. \n \nADM confirms it has now completed, conditional upon Admission, the final stage of the Fundraising, raising £150,360 by way of the issue of 2,148,000 new ordinary shares of 1 pence each (\"New Ordinary Shares\") at a price of 7 pence per share to Zark Capital Limited (\"Zark\"). Following issue of the New Ordinary Shares, Zark will hold 6,000,000 ordinary shares, representing 9.7 per cent. of the Company's issued share capital. \n \nApplication will shortly be made to the London Stock Exchange for the New Ordinary Shares, which will rank pari passu with the Company's existing ordinary shares, to be admitted to trading on AIM. Dealings in the New Ordinary Shares are expected to commence at 8.00 a.m. on or around 13 January 2020. \n \nTotal Voting Rights\n \nFollowing the issue of the New Ordinary Shares, the Company will have 61,649,210 ordinary shares of 1 pence each in issue. There are no ordinary shares held in treasury. The figure of 61,649,210 may be used by the Company's shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.\n...