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LONDON - ADM Energy PLC (AIM: ADME; BER and FSE: P4JC), a company focused on natural resource investments, announced today that its shareholders have approved a capital reorganization plan during a General Meeting. The reorganization includes the subdivision and reclassification of existing ordinary shares, with the process expected to be completed by early April.
Shareholders voted in favor of all resolutions at the meeting, paving the way for the subsequent steps in the reorganization process. The record date for the subdivision and reclassification of the existing ordinary shares was set at 6:00 p.m. on the day of the meeting. The admission of the new admission shares is scheduled for 8:00 a.m. on the following Monday, with CREST accounts being credited that morning. Definitive share certificates for the admission shares are due to be dispatched by no later than April 7.
The company has made all relevant documents, including the definitions and details of the capital reorganization, available on its website for public access. The announcement also highlighted compliance with the Market Abuse Regulation (MAR), indicating that the information shared is now in the public domain following the announcement.
This reorganization comes as part of ADM Energy’s ongoing efforts to manage its capital structure effectively. The company, which invests in up-and-coming natural resource projects, has not disclosed further details regarding the expected impact of the reorganization on its operations or financial position.
The information in this article is based on a press release statement from ADM Energy PLC.
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