ADM Energy PLC: Directorate Change
DGAP-News: ADM Energy PLC / Key word(s): Miscellaneous
29.07.2020 / 13:35
The issuer is solely responsible for the content of this announcement.*THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED TO CONSTITUTE INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) NO. 596/2014. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.*
29 July 2020*ADM Energy PLC *
("ADM" or the "Company")
*Directorate Change*
Sir Henry Bellingham, former UK Government Minister for Africa, joins ADM EnergyADM Energy PLC (AIM: ADME; BER and FSE: P4JC), an oil and gas investing company, is pleased to announce the appointment of Sir Henry Bellingham as Non-executive Director with immediate effect.
In 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.
*Peter Francis, Non-executive Chairman of ADM, said: *"It is a great pleasure to welcome Sir Henry to ADM Energy, which further strengthens the Board following the appointment of Dr Stefan Liebing earlier this month. The addition of Sir Henry, with his high-ranking contacts and expertise in Africa, will be a great asset to ADM as we push forward our strategy to expand our investment portfolio across Nigeria and West Africa."
*On his appointment, Sir Henry Bellingham commented:* "It is an exciting time to join ADM and work alongside an ambitious team determined to drive forward its expansion plans in West Africa. I have gained a great understanding of the region throughout my various roles in Parliament, including as a former Minister for Africa, and I look forward to supporting ADM as it enters the next stage of its development."
Sir Henry Bellingham (65) is currently or has been a director of the following companies within the previous five years:
*Current directorships/partnerships* *Past directorships/partnerships*
Alpha Litigation Funding Limited
Clifton Africa Limited
The Glencara Estate Company
The Eastern Africa Association
Xuridico Limited
Global Law Summit Limited Pontus Marine Limited
Pathfinder Minerals plc
Developing Markets Associates Ltd
Policy Research Unit Limited
Fresh Voice & Vision Ltd
Clifton Resources Limited
The Westminster Foundation for Democracy Limited
Sir Henry Bellingham was a non-executive director of Environmental Recycling Technologies plc ("ERT") having joined the board of ERT on 27 February 2008. ERT was issued a public censure by the AIM Disciplinary Committee of the London Stock Exchange on 23 November 2009 for breaches of the AIM Rules between July 2007 and June 2008.
Sir Henry Bellingham holds an interest of 50,000 ordinary shares in the Company.
There is no further information required to be disclosed pursuant to Schedule Two, paragraph (g) of the AIM rules.
*Enquiries:*
*ADM Energy plc* +44 20 7786 3555
Osamede Okhomina, CEO
www.admenergyplc.com
*Cairn Financial Advisers LLP* +44 20 7213 0880
(Nominated Adviser)
Jo Turner, James Caithie
*Hybridan LLP* +44 20 3764 2341
(Lead Broker)
Claire Louise Noyce
*Pello Capital Limited* +44 20 3700 2500
(Joint Broker)
Dan Gee
*Oddo Seydler Bank AG * +49 69 920540
(Designated Sponsor)
Michael B. Thiriot
*Luther Pendragon* +44 20 7618 9100
(Financial PR)
Harry Chathli, Alexis Gore, Joe Quinlan
*About ADM Energy PLC*
ADM Energy PLC (AIM: ADME; BER and FSE: P4JC), is a natural resources investing company with an existing asset base in Nigeria. ADM Energy holds a 5% profit interest in the Aje Field, part of OML 113, which covers an area of 858km² offshore Nigeria, and in February 2020 entered into an agreement with EER (Colobos) Nigeria Limited to acquire a further 4.2% profit interest. Aje has multiple oil, gas and gas condensate reservoirs in the Turonian, Cenomanian and Albian sandstones with five wells drilled to date.
ADM Energy is seeking to build on its existing asset base in Nigeria and target other investment opportunities across the West African region in the oil and gas sector with attractive risk reward profiles such as proven nature of reserves, level of historic investment, established infrastructure, route to early cash flow and exploration upside.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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29.07.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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Language: English
Company: ADM Energy PLC
60 Gracechurch street
EC3V 0HR London
United Kingdom
Phone: +44 (0)2077863555
E-mail: hello@admenergyplc.com
Internet: www.admenergyplc.com
ISIN: GB00BJFDXW97
WKN: A2PLC1
Listed: Foreign Exchange(s) London
EQS News ID: 1105263
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