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Board of Directors

Peter Francis, Non-Executive Chairman

Peter has over 35 years of experience working with major international oil companies. He spent 30 years with ExxonMobil in a number of executive, treasury and government related positions across the US, Europe, Russia and Africa. More recently, he worked for Royal Dutch Shell in Abuja and served as CEO of Oracle Energy, a Canadian TSX exploration and producing company focused on oil and gas activities in West Africa. Peter has extensive knowledge of working in developing and transition economies, building relationships with senior government officials and developing strategies to support new business entry. Peter is a member of the Board of Africare, the largest Africa/US Development Agency supporting health, education and food security in Sub-Sahara Africa.

Osamede (Osa) Okhomina, Chief Executive Officer

Osamede was appointed CEO of ADM Energy in July 2019. He has more than 20 years’ experience in the global oil and gas industry, particularly in Africa, financing projects and growing businesses. Osamede started his career at Terra Energy Services, helping to introduce new deep-water technologies in Nigeria. He is a founding partner of Africa-focused Energy Equity Resources, a partner investor of ADM Energy, where he has secured more than $300 million of direct foreign investment into Nigerian oil and gas. He brings considerable government expertise and connections to the ADM Energy board.

Richard Carter, Chief Operating Officer

Richard is a qualified accountant with extensive experience of raising funds for public and private companies. He has worked and advised across media, telecoms, engineering and energy sectors in various corporate finance and investor relations roles. As Chief Operating Officer, Richard supports the CEO and management team with its regulatory functions.

Dr Stefan Liebing, Non-Executive Director

Dr Stefan Liebing is the Chairman of Afrika-Verein der deutschen Wirtschaft e.V., the prestigious German-African Business Association, where as part of his role, he advises the German Government on investment in Africa. He chaired the G20 Compact with Africa investment summits in 2018 and 2019, held under the patronage of Chancellor Angela Merkel. Dr Liebing is the CEO of Conjuncta GmbH, a boutique investment and project development company. Previously, Dr Liebing was a Director of International Gas Business at EnBW Energie Baden-Wuerttemberg AG, one of the largest energy supply companies in Europe, and earlier in his career held various senior positions at Royal Dutch Shell.

Manuel Lamboley, Non-Executive Director

Manuel is a financier with over 30 years’ experience in international broking and investment banking. He previously served as Head of the Geneva office of Williams de Broe and has held senior positions at Bank Julius Bar, Kidder Peabody, Paine Webber International and Prudential-Bache Securities. Manuel has long-standing relationships with major investors and financial advisers worldwide, with a particular focus on the natural resources sector. He is a non-executive director of Alba Minerals plc and has been a non-executive director of several other listed companies in the mining and energy sectors, including International Mining & Infrastructure Corporation plc, and was also previously an independent director of UK-based African Aura Resources Limited.

Sir Henry Bellingham, Non-Executive Director

Sir Henry has enjoyed a distinguished Parliamentary career of almost 40 years. Sir Henry held a number of senior positions including: Foreign Office Minister for Africa, The UN, Caribbean, Overseas Territories and Conflict Issues; Chairman of the Westminster Foundation for Democracy; Chairman of the All-Party Group on the Commonwealth; and the Prime Minister`s Trade Envoy to Libya. In 2016, Sir Henry was Knighted in the New Year Honours list for Parliamentary and political service. In addition to his Parliamentary career, Sir Henry has held several non-executive roles on AIM companies and, until recently, was Non-executive Chairman of Pathfinder Minerals plc since 2014. Prior to entering Parliament, Sir Henry practised as a barrister having graduated from Magdalene College, Cambridge with a master's degree in Law.

Significant Shareholders

As at 7 September 2020, as far as the Directors are aware, the following shareholders are Company Directors or interested in 3% or more of the issued share capital of the Company.

Name
Number of Ordinary Shares
Align Research Ltd & related parties - RS & CA Jennings
10,113,122
Peel Hunt LLP
Euro Americas Securities Limited
6,000,000
Hessia Group Limited
4,242,696
Mrs Olanike Olowolafe
3,572,428
Hao Zhang
3,098,479
Peter Francis
1,496,212
Osamede Okhomina
715,909
Richard Carter
627,575
Sir Henry Bellingham
186,364
Dr Stefan Liebing
136,364

Shareholder Information

Current price

ADM Energy PLC’s shares are traded on AIM, Berlin and Frankfurt Stock exchanges.

  • Ticker: ADME, P4JC
  • Currency : EUR, GBX
  • Exchange : (BER) Berlin Börse
  • Exchange : (FSE) Frankfurt Börse
  • See latest share price and trades here
  • AIM Securities in Issue: 98,029,133
  • Warrants in Issue: 26,656,723
  • The total number of shares in issue: 98,029,133
  • No securities are held as treasury shares
  • 13.54% of ADM Energy plc shares are not held in public hands
  • There are no restrictions on the transfer of shares

Announcements

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Publications

Corporate Governance

The Board recognises its responsibility for the proper management of the Company and is committed to maintaining a high standard of corporate governance. The Directors recognise the importance of sound corporate governance commensurate with the size and nature of the Company and the interests of its Shareholders. The Corporate Governance Code does not apply to companies admitted to trading on AIM and there is no formal alternative for AIM companies. The Quoted Companies Alliance has published the QCA Code, which includes a standard of minimum best practice for AIM companies, and recommendations for reporting corporate governance matters. The Directors take into account the Corporate Governance Code (and the QCA Code), to the extent they consider it appropriate and having regard to the size and resources of the Company.

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Company Advisers

Nominated Advisers
Cairn Financial Advisers LLP Cheyne House, Crown Court 62-63 Cheapside London, EC2V 6AX
Solicitors
Locke Lord LLP 201 Bishopsgate, London EC2M 3AB
Lead Broker
Hybridan LLP 2 Jardine House The Harrovian Business Village Beesborough Road, Harrow Middlesex HA1 3EX
Joint Broker
Pello Capital Ltd 4th floor 18 St Swithins Lane London, EC4N 8AD
Auditors
Haysmacintyre Statutory Auditor Chartered Accountants 10 Queen Street Place London, EC4R 1AG
Registrars
Computershare InvestorServices Plc The Pavillions Bridgewater Road Bristol, BS99 7NH
Public Relations
Luther Pendragon 48 Gracechurch Street, London EC3V 0EJ

The companies investment policy

“The Company will seek to invest in opportunities within the natural resources sector, the oil services, power and energy sectors and in technology opportunities related to these sectors that the Directors believe either are of strategic value or represent a significant value opportunity. The Company is prepared to take an active role in its investments where it is deemed to be appropriate.

The Directors plan to adopt a flexible approach, both as to the form of the Company’s investments and the subject of its investments. The investments may be in quoted and unquoted companies. This includes making investments in other quoted investment companies focused on the natural resources, power and energy sectors or related technologies, including those with no significant assets other than cash. The Directors believe that investing in these other investing companies will provide the Company with greater scope to make and support its investment strategy.

The Company’s investments may take the form of equity, debt, convertible instruments, options and licence rights. Possible investments could include direct or indirect investments in permits and licences, exploration, mining and production operations and processing and development projects.

The Company may make direct investments in private or quoted companies and indirect investments via quoted companies, unquoted companies seeking a public quotation and candidates for reverse transactions into quoted investment companies. The Company may invest in these types of opportunities through acquisitions, partnerships, joint venture arrangements, as finance for management buy-outs or buy-ins, as finance for pre-IPO, seed and underwriting positions.

Such investments may result in the Company acquiring the whole or part of a company or project. The Company will consider opportunities anywhere in the world.

The Company expects to be an active investor in situations where the Company can make a clear contribution to the progress and development of the investment. In respect of other, principally more substantial opportunities, the Company expects to be a passive investor.

The Company intends to invest for the medium to long-term. However, should an opportunity arise to realise its investments, the Company will consider these on a case-by-case basis and seek to maximise value for shareholders. The Directors intend to hold all investments for a minimum of 30 days. Other than set out above, there are no restrictions on the Company’s investment policy.

The Company intends to utilise industry experts in the analysis of proposed investments, and it is intended that the decision-making process will be a collegiate, team-based approach, driven by intrinsic value or informed opinion.”

AIM Rule 26

This website contains all regulatory information required to be made available in compliance with AIM Rule 26. Please use the following links to directly access the information.

Incorporated and registered in England and Wales with registered number 05311866.

The main country of operation is Nigeria.

ADM Energy Plc is subject to the UK City Code on Takeovers and Mergers.

ADM ticker code for AIM is ADME

ADM ticker for Frankfurt Börse Stock Exchange is P4JC

ADM ticker for Berlin Börse Stock Exchange is P4JC

Information on this website last updated 7 September 2020.

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