ADM Energy plc ( (GB:ADME) ) has provided an announcement.
ADM Energy PLC has announced the posting of a circular to shareholders, seeking approval for a capital reorganisation and a conditional subscription to raise £313,000 through the issuance of new ordinary shares. This move is part of ADM’s strategy to rebuild and grow shareholder value, with a focus on cash-generating investments in the United States. The company is also considering divesting its interests in the Aje Oil Field, which may result in net cash proceeds being distributed to eligible shareholders.
More about ADM Energy plc
ADM Energy PLC is a natural resources investing company with interests in various sectors, including a 100% interest in Vega Oil and Gas, a 30.6% economic interest in JKT Reclamation, LLC, and a 9.2% profit interest in the Aje Field offshore Nigeria. The company focuses on cash-generating investments and is considering divesting its interests in the Aje Oil Field.
YTD Price Performance: -40.0%
Average Trading Volume: 438,382
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £941.8K
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