David Ajemian Non-Executive Chairman
David Ajemian is an entrepreneur and investor based in London. Mr Ajemian is the founder of the United Lions Sports Agency and conducts business between the UK, Europe and the Middle East. He is accredited by FIBA and FIFA as a licensed players’ agent for both basketball and football. His investments include the real estate sector in the Middle East.
George Frangeskides Company Secretary
George Frangeskides has a broad range of experience gained from over 20 years in the legal and corporate advisory sectors in Australia and the United Kingdom. Mr Frangeskides is Executive Director at Berwick Capital, a corporate advisory firm which specialises in natural resources and which advises clients on projects and transactions in the mining and oil and gas sectors. Prior to establishing Berwick Capital, Mr Frangeskides practised as a lawyer focusing on corporate finance, commercial and capital market transactions in London and Sydney. Mr Frangeskides is the Executive Chairman of Alba Mineral Resources plc (LON: ALBA) and holds non-executive directorships at Artemis Resources Limited (ASX: ARV) and Shoshoni Gold Limited (TSX-V: SHJ).
The Board is committed to maintaining high standards of corporate governance. Whilst the Company is not required to comply with the provisions of the Governance Code or the Corporate Governance Code for Small and Mid-Size Quoted Companies 2013 published by the Quoted Companies Alliance (“QCA Guidelines”), the Board recognises the importance of sound corporate governance and intends that the Company will comply with the provisions of the Governance Code and the QCA Guidelines insofar as they are appropriate given the Company’s size and stage of development. The Board of Directors comprises two non-executive directors, being David Ajemian and Terry Donnelly.
The Board is aware that it is not compliant with the QCA Guidelines or the Governance Code in respect of having at least two independent non-executive Directors. It is the Board’s intention that, as soon as practicable, an additional independent non-executive director will be appointed to the Board. The Board has established Audit and Remuneration Committees.
The Company also has an Investment Committee to consider new investments and monitor existing investments. The Investment Committee reports to the full Board of the Company as appropriate.
The Company is subject to the City Code on Takeovers and Mergers.
The Board is responsible for formulating, reviewing and approving the Company’s strategy, financial activities and operating performance. All Directors have access to the advice of the Company’s solicitors and the Company Secretary and Chief Financial Officer ensures necessary information is supplied to the Directors on a timely basis to enable them to discharge their duties effectively, and all Directors have access to independent professional advice, at the Company’s expense, as and when required.