Obtala Ltd (LON:OBT)

Obtala Ltd (LON:OBT)


Share Price
6.90 p
Change
-0.2 (-2.82 %)
Market Cap
£31.01 m
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Obtala Ltd

The Obtala Group embraces a vertically integrated trading platform fully focused on sustainable-agriculture and forestry through our operations in Tanzania, Mozambique and Gabon.

Significant capital and time invested has enabled Obtala to become a socially responsible company with strong net tangible assets, near-term profitability with diversified revenue streams. We have the...

EPIC: OBT
Market: LSE:OBT
52-week High/Low: 11.48p / 4.80p
Sector: Agribusiness
Market Cap: £31.01 m
Website: www.obtala.com
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Big Picture – A Deep Dive Examination of Obtala Ltd


Obtala Ltd Snapshot

Mission Statement

"To take the lead in the sustainable commercialization in Sub-Saharan Africa of two of the world's most in demand and diminishing natural resources, arable land and forestry. To pursue every opportunity to move up the agriculture and forestry value chain, in partnership with key stakeholders, contributing to long term economic and social development in the markets we operate in.”

We do this because…

.It is the right thing to do.
.We strive to be responsible guardians of the community, the land, water, forests and wildlife.
.It makes good business sense. Enriching the local community bonds us with our host country ensuring a strong partnership even in times of stress.
.Our long-term methodology attracts ethical investors and we enjoy a higher valuation and broader access to funding.

Corporate Strategy

. Realise shareholder value by bringing our substantial asset base into full production
. Work with local communities to achieve corporate goals whilst enriching the society within our areas of operation
. Ensure sustainable and ethical business practices
. Enhance shareholder value through organic growth, partnerships and transactions in timber and agriculture
. Strategically invest in cash generative value-added opportunities, creating synergy for existing business lines
. Maintain a disciplined asset and cost base
. Engage with respected and established local partners in the processes of evaluation and project development

Miles Pelham
Chairman
OBTALA LIMITED

Board

Miles Pelham
Chairman

Miles Pelham is Hong Kong based and has worked in finance for 2 decades, during which time he has held senior investment banking positions at some of the world's largest financial institutions. His experience ranges from running trading desks to bond and financial instrument management.

Executive Directors

Paul Dolan
Chief Executive Officer

Paul brings almost 30 years' experience in investment banking and finance, where he consistently built award winning, world-class teams and managed global portfolios in excess of $10billion across asset classes. Paul worked in London and Tokyo, and from 2007- 2012 in Hong Kong, as Nomura's Global Head of Convertible Bonds, Co-head of Equities APAC and Chairman of the committee for Corporate Social Responsibility. In 2014, he founded Dolan Sports Management with the goals of managing the careers and wealth of elite athletes, improving the visibility of female sporting role models and financing sports facilities for the underprivileged.


Martin Collins
Deputy Chairman

Martin started his career in the City with Tullett & Tokyo, Futures and Options, with 5 years in London, Tokyo and Singapore respectively from 1985-2000, the final 5 years as Managing Director and CEO of Tullett Futures Asia. On returning to the UK, he spent 12 years with Natsource Europe Limited, originating and structuring many of the world’s first Emission Reduction Transactions based on UNFCCC rules within the Kyoto Protocol. Natsource managed in excess of $1.2bn specifically targeting the emissions market arena. Throughout his time as Managing Director, CEO and Main Board member of Natsource, Martin travelled extensively in Asia and Africa sourcing suitable projects for investment. Since 2014 he has managed his family-owned investment fund.


Carnel Geddes
Chief Financial Officer

Based in South Africa, Carnel is a chartered accountant and certified fraud examiner, dually qualified in the UK and South Africa. She is an elected board member and director of the largest South African pomegranate farm company, Pomona, since 2008. Carnel honed her expertise in all key areas of accountancy and audit during a 15-year career at BDO, the global audit, tax and advisory group, culminating as director, forensic services, of BDO London and partner of BDO Cape Town. She brings invaluable knowledge of the international as well as the African markets, with the highest financial qualifications combined with experience of day-to-day management of an African agricultural company.

Non-Executive

Kevin Milne
Kevin is a Chartered Fellow of the CISI, with over 30 years’ experience in Global Financial Services, covering both developed and developing economies. Kevin has extensive experience operating in highly regulated environments including being a member of the Executive Committee of the London Stock Exchange Group. Kevin has held a number of leadership and senior management positions in the financial sector in the UK, Europe, Asia and Australia and has built a wealth of contacts in Global Financial Markets.


Jessica Camus
Jessica brings extensive experience facilitating public private partnerships working with leaders from private sector, government and civil society globally, and across Sub-Saharan Africa. Jessica specialises in accelerating growth and impact for socially responsible business in frontier markets.

She was previously an Associate Director at the World Economic Forum, developing numerous initiatives and programmes on building entrepreneurship ecosystems, innovation and gender and former Financial Market Executive at Thomson Reuters.

Jessica holds an MA from the Graduate Institute of International Relations & Development Studies, Geneva and an MBA from the IE Business School, Madrid.

As at 14th September 2018 shareholders holding more than 3% of the share capital of Obtala Limited were:

Company

Holding

Percent

GRANDINEX INTERNATIONAL CORP*

70,000,000

21.37%

SPREADEX LTD

26,315,500

8.03%

HSBC CLIENT HOLDINGS  NOMINEE 

15,415,511

4.71%

RICHARD BYWORTH

14,633,803

4.47%

BNY (OCS) NOMINEES LIMITED

12,325,000

3.76%

NORTRUST NOMINEES LIMITED

10,500,000

3.20%

* Francesco Scolaro is the controlling shareholder of Grandinex International Corp. He holds a further 2,150,000 shares in the Company through nominee companies, bringing his total interest to 72,150,000 (22.02%) 

Directors Shareholdings as of 14th September 2018

Name

Holding

Percent

Miles Pelham

26,627,754

8.13%

Paul Dolan

14,728,571

4.50%

Martin Collins

3,178,571

0.97%

Kevin Milne

122,252

0.04%

Director Investment into Argento Preference 
Share Subscription:

Name

Holding

Percent

Miles Pelham

53,629

71.51%

Paul Dolan

1,001

1.33%

 

Head Office

Obtala Services Ltd
118 Piccadilly, Mayfair,
London W1J 7NW

Telephone: +44 (0)20 7099 1940

Email: [email protected]

Registered Office

Obtala Ltd
P.O. Box 161, Dixcart House, Sir William Place, St Peter Port, Guernsey, GY1 1GX

Farming

Plot 14, Milama Village, Mvomeru District, Morogoro Region, Tanzania

Forestry

Argento Mozambique, Limitada 3 Aandar, Porta 302, Edificio do Girassol Hotel Av. Eduardo Mondlane, Cidade de Nampula, Mocambique

Argento Ltd, Montara Ltd and Meradell Trading Ltd Registered Office

c/o Frontiere Finance Ltd, 6th Floor, Dias Pier Building, Le Caudan Waterfront, Caudan, Port Louis, Mauritius

Company Secretary

William Place Secretaries Limited Dixcart House, Sir William Place, St Peter Port, Guernsey, GY1 4EZ

Nominated Adviser

ZAI Corporate Finance Limited Staple Court, 11 Staple Inn, London, W1J 7QH

Nominated Broker

Brandon Hill Capital 1 Tudor Street, London, EC4Y 0AH

Lawyers to the Company (Guernsey)

Carey Olsen Carey House, Les Banques, St Peter Port, Guernsey, GY1 4BZ

Lawyers to the Company (UK)

DWF LLP Bridgewater Place, Water Lane, Leeds, LS11 5DY

Auditor

RSM UK Audit LLP, 25 Farringdon Street, London EC4A 4AB

Registrars

Neville Registrars Limited Neville House, 18 Laurel Lane, Halesowen, B63 3DA

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