REG-ADM Energy Plc: Placing and Subscription to raise £375,000, Debt Settlement, Issue of Equity, Appointment of Broker

Adm EnergyAnnouncement

01/05/2026 07:01

1 May 2026 

ADM Energy PLC 

("ADM" or the "Company") 

Placing and Subscription to raise £375,000 

Debt Settlement, Issue of Equity 

Appointment of Broker 


ADM Energy PLC (AIM: ADME; BER and FSE: P4JC), a natural resource investing
company, announces that it has conditionally raised total gross
proceeds £375,000, comprising: (i) a placing of 1,000,000,000 new
ordinary shares (“Placing Shares”) of £0.00001 each (“Ordinary
Shares”) at a price of 0.02 pence per share (“Issue Price”) raising
£200,000 (the “Placing”); and (ii) via a
subscription for 875,000,000 new Ordinary Shares (“Subscription
Shares”) at the Issue Price raising £175,000 (the “Subscription”)
(the Placing and the Subscription together, the “Fundraise” and
“Fundraise Shares”).  

The Placing has been arranged by Capital Plus Partners Limited as sole
broker to the Placing. The Fundraise has been supported by a number
of existing and new investors, reflecting confidence in the Company's
momentum, strategy and expansion opportunities. 

Use of Proceeds 

It is the intention that the proceeds of the Fundraise will be deployed
primarily to increase the interest of the Company in Vega Upstream JV, LLC, as
announced on 29 April 2026, to approximately 35.0% through an additional
capital contribution of US$300,000 to Vega Upstream JV and for working
capital purposes of the Company. 

As announced on 29 April 2026, the Company believes
that the additional investment in Vega Upstream JV will result in
an increase of the expected monthly revenue to the Company to
approximately US$111,000 per month (subject to certain conditions).  

The Fundraise Shares will, when issued, rank pari passu in all respects
with the existing ordinary shares of the Company, including the right to
receive all dividends and other distributions declared, made or paid after
their date of issue. 

Debt Settlement and Further Issue of Equity 

In addition to the Placing Shares and the Subscription Shares the Company will
issue 250,000,000 ordinary shares in settlement of certain creditors (the
“Settlement Shares”) and 125,000,000 share to Randall J. Connally in
settlement of accrued and unpaid salary (the “Compensation
Shares”) (the Settlement Shares and the Compensation Shares, together with
the Fundraise Shares, the “New Ordinary Shares”).  

Appointment of Broker 

Further to the above, Capital Plus Partners Limited has been appointed
as sole broker to the Company. 

Admission and Total Voting Rights 

Application will be made to the London Stock Exchange for
the 2,250,000,000 New Ordinary Shares to be admitted to trading on AIM
(“Admission”). It is expected that Admission will become effective and
dealings in the Placing Shares will commence at 8.00 a.m. on 7 May 2026. 

Following Admission, the Company's issued ordinary share capital will
consist of 4,805,940,064 ordinary shares of 0.001p each, with one voting
right per share. No ordinary shares will be held in treasury. The total number
of voting rights in the Company following Admission will
therefore be 4,805,940,064, being the figure that may be used by
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 FCA's Disclosure Guidance and
Transparency Rules. 

The Placing is conditional upon Admission becoming effective. 

Regarding the Placing, Executive Director, Randall J. Connally, stated: 

“The Midcon Acquisition previously announced is the cornerstone to rebuild
ADM that the Company has been working to secure, the placing today makes it
possible for the Company to realize maximum benefit from the revenue, cash
flow and upside of the Midcon Acquisition”. 

Market Abuse Regulation (MAR) Disclosure 

The information contained within this announcement is deemed by the Company
to constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014 as it forms part of UK domestic law by virtue
of the European Union (Withdrawal) Act 2018 ('MAR'). Upon the publication of
this announcement via Regulatory Information Service ('RIS'), this inside
information is now considered to be in the public domain. 

Enquiries: 

 ADM Energy plc                                                              +1 214 675 7579       
 Randall Connally, Executive Director                                                              
 www.admenergyplc.com                                                                              
                                                                                                   
 Cairn Financial Advisers LLP                                                +44 (0) 20 7213 0880  
 (Nominated Adviser)                                                                               
 Jo Turner, Liam Murray                                                                            
                                                                                                   
 Capital Plus Partners Limited  (Broker)  Jonathan Critchley                 +44 (0) 20 7432 0501  
                                                                                                   

About ADM Energy PLC 

ADM Energy PLC (AIM: ADME; BER and FSE: P4JC) is a natural resources investing
company with investments including a 100.0% ownership interest in Vega Oil
and Gas, LLC; a 60% economic interest in Eco Oil; a 42% economic
interest in OFX Technologies, LLC (www.ofxtechnologies.com); a
10% asset interest in Vega Upstream JV, a business established to identify
and coordinate investment opportunities in US onshore oil and gas assets; and
a 9.2% profit interest in the Aje Field, part of OML 113, which covers an
area of 835km² offshore Nigeria. Aje has multiple oil, gas, and gas
condensate reservoirs in the Turonian, Cenomanian and Albian sandstones with
five wells drilled to date.    

Forward Looking Statements 

Certain statements in this announcement are, or may be deemed to
be, forward-looking statements. Forward looking statements are identified by
their use of terms and phrases such as "believe", "could", "should",
"envisage'', "estimate", "intend", "may", "plan", "potentially", "expect",
"will" or the negative of those, variations or comparable expressions,
including references to assumptions. These forward-looking statements are
not based on historical facts but rather on the Directors' current
expectations and assumptions regarding the Company's future growth, results
of operations, performance, future capital and other expenditures (including
the amount, nature and sources of funding thereof), competitive advantages,
business prospects and opportunities. Such forward-looking statements
reflect the Directors' current beliefs and assumptions and are based on
information currently available to the Directors. 



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