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Board of Directors

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, Non-Executive Chairman

Richard is a qualified accountant with extensive experience of raising funds for public and private companies. Richard has worked and advised across media, telecoms, engineering and energy sectors in various corporate finance and Investor Relations roles. Richard has been instrumental in raising funds for ADM Energy Plc and currently serves as interim Non Exec Chairman.

Stefan Olivier, Director

Before founding ADM Energy Plc in early 2014, Stefan worked on a large number of Oil deals during his thirteen years’ in Corporate Broking including Energy Equity Resources. Stefan has spent the last eight years focused on financing natural resources transactions via both equity and debt.

Sergio Lopez, Non-Executive Director

Sergio has been in the oil and gas industry for the last 13 years with experience ranging from finances to operations. Lewis Energy Group appointed Sergio as its Mexico Country Manager to coordinate a 15 year E&P contract with Pemex, which represented the first move by an American independent oil and gas company into Mexico since 1938. He negotiated a special budget to drill the first exploratory Eagle Ford Shale well in Mexico, named Emergente-1. This resulted in the first and only producer in the Eagle Ford Shale in Mexico called Habano.

Significant Shareholders

As at 14 October 2019, 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
Peel Hunt LLP
10,497,613
Zark Capital Limited
3,852,000
Zhang Hao
3,098,479
Lesoza Enterprises Limited
2,900,000
Winrose International Limited
2,225,000
Stefan Olivier
580,000
Richard Carter
120,000

Shareholder Information

Current price

ADM Energy PLC’s shares are traded on AIM, a member of the London Stock Exchange.

  • The ADM Energy ticker code is ADME
  • See latest share price and trades here
  • AIM Securities in Issue: 53,615,497
  • Warrants in Issue: 6,075,000
  • The total number of shares in issue: 57,664,808
  • No securities are held as treasury shares
  • 19.42% of ADM Energy plc shares are not held in public hands
  • There are no restrictions on the transfer of shares

Announcements

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
Keystone Law Ltd 48 Chancery Lane London WC2A 1LF
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 09076111.

The main country of operation is Nigeria.

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

Information on this website last updated 14 October 2019

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