1st Nov 2019 19:06
(Alliance News) - ADM Energy PLC on Friday said the second stage of its fundraising, totalling GBP278,910, has been further delayed.
The conditional fundraise, as announced September 30, required shareholder approval. On October 8, the first stage of this was complete - GBP283,450 - but the full fundraise was delayed.
"The second stage of the fundraising, which amounts to GBP278,910, has been subject to further delays. The company will provide a further update to the market in due course," said ADM.
Shares in ADM closed down 2.1% at 5.02 pence in London on Friday.
By Anna Farley; [email protected]
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