There are currently six directors on the board of the company.  The directors are responsible for preparing the accounts in accordance with applicable law and regulations.  Company law requires the directors to prepare accounts for each financial year.  Under that law the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).  The accounts are required by law to give a true and fair view of the state of affairs of the group and of the company and of the profit or loss of the group for that period.

In preparing the Company’s accounts, the directors are required to:

  * select suitable accounting policies and then apply them consistently;
  * make judgements and estimates that are reasonable and prudent;
  * state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the accounts;
  * prepare the accounts on the going concern basis unless it is inappropriate to presume that the group will continue in business

The directors are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the group and to enable them to ensure that the accounts comply with the Companies Act 1985. They are also responsible for safeguarding the assets of the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors will implement such corporate governance procedures and establish such committees of the Board as will be required, including audit and remuneration committees, for it to comply with the terms of the Combined Code upon completion of the first significant acquisition by the Company, in so far as is appropriate for a company of its size.  The directors have established financial controls and reporting procedures which are considered appropriate given the size and structure of the Company. These controls will be reviewed in light of significant acquisitions and adjusted accordingly.

Jack Pryde, (Director)

Jack Pryde is a chartered certified accountant and has held various senior management positions in the investment banking industry. He is a former director and head of corporate finance at Henry Ansbacher & Co. and a former vice-president of corporate finance at Canaccord Capital. He left Jefferies International as director of equity capital markets in May 2010. He has extensive experience of advising companies in the resource and energy sectors.

Olukayode Kuti, (Chief Executive Officer)

Bobo Kuti joined the Board as a Non-Executive Director in August 2008.  Since joining Sirius, he has advised the Company on its geo-political and business development strategy for West Africa, and has been instrumental in successfully establishing the Company’s business network in Nigeria. He formerly worked as an investment advisor for the South African investment fund, Huxton Capital and has a Bachelor of Arts from Duke University, USA studying Economics & Psychology.

Mark Henderson, (Chief Financial Officer)

Mark Henderson has worked as an energy analyst at Deutsche Bank, Dresdner Kleinwort Wasserstein, Commerzbank and Credit Suisse as well as spending 4 years as energy PM at ADIA. Mark was investor relations and strategic advisor to Eurasia Drilling, Russia’s largest independent OFS company and is Board Advisor to Ardilaun Energy, a private E&P focused on exploration/appraisal assets offshore Ireland. Mark is a chartered accountant and began his career at Arthur Andersen.

Simon Hawkins, (Company Secretary & Non-Executive Director)

Simon Hawkins, has 29 years experience working in oil and gas finance, having had nine years international experience with the Royal Dutch Shell group of companies in London, Netherlands and Nigeria followed by a successful career as an equity analyst at UBS, Dresdner Kleinwort, Ambrian Partners, MF Global and N+1 Singer. Simon is a member of the Chartered Institute of Public Finance & Accountancy, holds a BSc Econ (HONS) in Economics from the University of Wales and a postgraduate certificate in Oil and Gas Financial Management from the University of North Texas.

Chris Neal, (Non-executive director)

Chris has over 25 years experience in the City of London, initially in the gilt team at ICH Plc, before founding the bond repurchase desk at ICAP, the leading markets operator and provider of post-trade risk mitigation and information services.

Toby Hayward, (Non-Executive Director)

Toby Hayward, has been an investment banker since 1984. He was a Director of Corporate Finance at Singer & Friedlander Limited and Henry Ansbacher & Co. He joined Jefferies International Limited as a Managing Director in 2005, and served as Interim CEO of Nigerian focused Afren PLC from July 30, 2014 to April 2015.

Sirius Announcements

Letter to Shareholders - Covid-19 update (30 Mar)

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Result of AGM 2019 (16 Dec)

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Admission of Ordinary Shares onto J P Jenkins share dealing platform (10 Dec)

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