Investor Information

Business Description
Company Directors
Corporate Goverance
Madagascar Oil is committed to upholding high standards of governance and risk management by:

  • Ensuring the Board is fully accountable to our governance and risk management protocols;
  • Reinforcing our Board, Management Team and Employees are engaged in the highest business ethics in every transaction, including a zero tolerance for bribery and corruption;
  • Leading by example amongst our industry partners, contractors, suppliers and vendors by demonstrating transparency and a fairness in our contracting processes;
  • Developing and cultivating essential long-term relationships with host governments and its agencies; and
  • Engaging and collaborating with the communities while providing protections through safety and delivering high standards in health and environmental practices and procedures.

Ethics & Integrity

Madagascar Oil is committed to the highest standards in Ethics and Integrity by ensuring that it is complying with all applicable laws; not making or accepting illegal payments; ensuring all documentation including financial accounts and records are accurate, complete and correct; competing fairly and reporting all concerns and violations in an effort to be open and transparent. All Madagascar Oil management and employees review and sign an Anti-Bribery Policy twice per year.

We are committed to our Corporate Responsibility by engaging in the highest standards in Safety, Health and Environment; ensuring that we treat our employees, contractors, suppliers and vendors, and industry partners as well as our local communities fairly and openly. We engage local communities with an unyielding understanding of their livelihoods while respecting their cultures and traditions.

Accountability & Audit

Madagascar Oil has an experienced Audit Committee responsible for overseeing the financial reporting disclosure process, which also includes the appropriate accounting policies. The Audit Committee monitors internal financial controls as well as overseeing the hiring and performance of the external auditors.

Incorporation
Madagascar Oil Limited is incorporated in Bermuda and its main area of operation is in Madagascar.
Non UK Company
Madagascar Oil is incorporated under the laws of Bermuda and the rights of its shareholders are governed  by Bermuda Law and may be different from the rights of shareholders in a UK incorporated company.
Constitutional Documents
Trading Platforms
Madagascar Oil has not applied or agreed to have any of its securities admitted or traded to any exchanges or trading platforms other than AIM.
Shares in Issue
The number of shares in issue is 652,076,379.
Major Shareholders
City Code
As a company incorporated in Bermuda, the Company is not subject to the UK City Code on Takeovers and Mergers (the “City Code”). However, certain protections have been incorporated into the Company’s Bye-Laws which broadly follow the principles of certain key rules set out in the City Code, to the extent that it is practicable to do so. For more information please refer to the Company’s Bye-Laws (in particular Bye-Law 50) which can be found here and the Company’s admission document which can be found here.
Share Restrictions
With the exception of restrictions imposed by lock-in and orderly market arrangements and US securities laws applicable to certain of the Company’s common shares (further details of which are contained in the Admission Document), there are no restrictions on the transfer of the Company’s common shares.
Financial Reports
Announcements & Notifications
Admission Document
Advisers