- Oil and gas investing company ADM Energy said it had appointed Osamede Okhomina as its new chief executive, with immediate effect.

Okhomina replaced Stefan Olivier, who would remain on the board.

'The appointment further strengthens the executive team and board for the next phase of the Company's development,' the company said.

It followed the non-board appointment of His Highness Sheikh Ahmed Bin Dalmook Al Maktoum as president in June.

ADM Energy said it also intended to appoint a new non-executive director.

At 4:13pm: [LON:ADME] share price was +2p at 23p

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