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LONDON - ADM Energy PLC, an investing company focused on natural resources, has announced a General Meeting scheduled to be held on March 21, 2025, at the offices of Shakespeare Martineau LLP in London. The meeting is set to seek shareholder approval for a series of corporate actions, including a capital reorganization, amendments to the Articles of Association, and a new share subscription aimed at raising £313,000.
The capital raise involves the issue of 313 million new ordinary shares, priced at 0.1 pence per share. This move represents a strategic effort by the company to restructure its capital base and secure additional funding.
The notice for the General Meeting, alongside a detailed circular and form of proxy, has been dispatched to shareholders. These documents outline the proposed changes and the rationale behind them, as well as providing instructions on how shareholders can vote on the resolutions.
The circular is also accessible on the company’s website, allowing for broader public scrutiny. The proposed capital reorganization and share subscription are critical steps for ADM Energy as it seeks to strengthen its financial position and continue its operations in the natural resource sector.
The information contained in this announcement is considered inside information as defined under the Market Abuse Regulation (EU) No. 596/2014, which is part of UK law following the European Union (Withdrawal) Act 2018. Following the release of this announcement, the inside information is now in the public domain.
It should be noted that this news is based on a press release statement issued by ADM Energy PLC and does not include any endorsement of the company’s claims or future prospects. The upcoming General Meeting will be a pivotal event for the company and its shareholders, as the decisions made could significantly impact ADM Energy’s operational and financial trajectory.
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