LONDON - ADM Energy PLC (AIM: ADME; BER and FSE: P4JC), an investment company focusing on natural resources, has announced progress towards the publication of its overdue financial documents, including the Annual Report for the year ended December 31, 2023, and the Interim Results for the six months ended June 30, 2024. The company now anticipates releasing both reports by the end of 2024.
The London Stock Exchange (LON:LSEG)'s Alternative Investment Market (AIM) rules stipulate that ADM was to publish its 2023 Annual Report by June 30, 2024, and its 2024 Interim Results by September 30, 2024. Failure to meet these deadlines has resulted in the continued suspension of trading of the company's ordinary shares on AIM.
ADM Energy has committed to keeping the market informed in accordance with its obligations under the AIM Rules while the temporary suspension remains in effect. The company's announcement also noted that the information released is considered inside information under the Market Abuse Regulations, which is now in the public domain following this disclosure.
The delay in the publication of ADM's financial statements has necessitated a halt in trading to maintain market order until the company fulfills its reporting requirements. This update offers shareholders and the market a revised timeline for when they can expect the release of the financial information.
The company has not provided specific reasons for the delay in this announcement. It is standard practice for publicly traded companies to disclose their financial performance within specified timeframes to ensure transparency and compliance with market regulations.
This news is based on a press release statement from ADM Energy.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.