Business
Fundraising including Offer via PrimaryBid.com
Fundraising including Offer via PrimaryBid.com.
About this update from Adm Energy Plc
[{"type":"text","content":"\n \nRNS Number : 6205I ADM Energy PLC 09 August 2019 \n\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014.\n \nTHIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY, AND DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES OF ADM ENERGY PLC.\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN, ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT.\nTHIS ANNOUNCEMENT AMOUNTS TO A FINANCIAL PROMOTION FOR THE PURPOSES OF SECTION 21 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (\"FSMA\") AND HAS BEEN APPROVED BY PRIMARYBID LIMITED WHICH IS AUTHORISED AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY (FRN 779021)\n \n9 August 2019\n \nADM Energy PLC\n (\"ADM\" or the \"Company\")\nFundraising including Offer via PrimaryBid.com\nADM Energy PLC (LSE: ADME), an oil and gas investing company quoted on AIM, is pleased to announce its intention to conduct a fundraising by the issue and allotment of new ordinary shares of 1 pence each in the Company (\"New Ordinary Shares\") at an issue price of 16 pence per New Ordinary Share (the \"Issue Price\"), being a discount of 15.8 per cent to the closing mid-price on 8 August 2019. The fundraising comprises a placing (the \"Placing\") in conjunction with an offer via PrimaryBid (the \"Offer\"), together the \"Fundraising\". \n \nThe Placing will be conducted by way of an accelerated bookbuild which will be launched immediately following this announcement. Pello Capital Limited will be acting as sole bookrunner in connection with the Placing.\n \nThe Offer, via the PrimaryBid.com platform, will be open to individual and institutional investors from 4.30 p.m. on 9 August 2019 to 5.00 p.m. on 11 August 2019. The Offer may close early if it is oversubscribed. A further announcement will be made, following the closure of the Offer and the Placing, which will contain details of the results of the Fundraising.\n \nThe funds raised will be used for general working capital purposes, to allow the Company to appraise further investment opportunities and to provide funds for investment.\...