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Temporary Suspension of trading on AIM pendin...
ADM Energy PLC announced a temporary suspension of trading on AIM effective July 1, 2026, due to a delay in publishing its 2025 Annual Report and Accounts, now targeted for before the end of August 2026. This follows a £375,000 fundraising in May 2026, which increased the Company's interest in Vega Upstream JV, LLC to approximately 35.0%. While the Vega transaction is expected to be cash generative and completed by the end of July 2026, the Board is carefully managing working capital, and its progress is crucial for the Company's financial position and solvency. Disclaimer*
About this update from Adm Energy Plc
30 June 2026 ADM Energy PLC ("ADM" or the "Company") Temporary Suspension of trading on AIM pending publication of 2025 Annual Report & Accounts ADM Energy PLC (AIM: ADME; BER and FSE: P4JC), a natural resource investing company, provides the following update in relation to its Annual Report and Financial Statements for its financial year ended 31 December 2025 (the "2025 Annual Report"). Pursuant to Rule 19 of the AIM Rules for Companies (the "AIM Rules"), the Company is required to publish its 2025 Annual Report by 30 June 2026. The Company confirms that there has been a delay in the expected timetable to finalise the accounts and, accordingly, the Company no longer expects to be able to publish the 2025 Annual Report by 30 June 2026. The Company is now targeting the publication of the 2025 Annual Report before the end of August 2026. Trading in the Company's ordinary shares on AIM will be suspended with effect from 7.30 a.m. on 1 July 2026, pending publication of its 2025 Annual Report and Accounts. Suspension from trading is expected to be lifted with the publication of the 2025 Annual Report in due course. Further to the above, in May 2026, the Company announced that it had raised £ 375,000which was used to increase the interest of the Company in Vega Upstream JV, LLC (as announced on 29 April 2026), to approximately 35.0% and for working capital purposes of the Company. Since this fundraise, the Board has been carefully managing the Company’s working capital. The transaction, announced on 29 April 2026, is expected to be cash generative and is anticipated to return cash to ADM. The Board of the Company is confident that the transaction will be completed by the end of July 2026, however, as limited funds are currently being returned to the Company to support its ongoing operations and the Company’s working capital remains constrained, in the event that the transaction does not progress, the Board will need to carefully consider the Company’s financial position and solvency. 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 insi...