I have pasted the table below for reference. If you look at footnote #2, it states that Sir Emeka Offor is the beneficial owner of all the shares held of record by both Chrome Oil Services LTD and Chrome Energy, LLC. In addition to that, he holds 4.2 million shares in his own name. Therefore, his total holdings are just under 307.8 million shares (42.6%) as stated in the table (which is why it is marked with the footnote).
Principal Shareholders
Chrome Oil Services LTD
200,285,727
27.7 %
c/o No 22 Lobito Crescent, Wuse II
Abuja, Nigeria
Chrome Energy, LLC
103,305,706
14.3 %
c/o No 22 Lobito Crescent, Wuse II,
Abuja, Nigeria
First Atlantic Bank
60,641,821
8.2 %
4/6 Adetokunboh Ademola Street
Victoria Island, Lagos
Sir Emeka Offor (2)
307,796,433
42.6 %
c/o No 22 Lobito Crescent, Wuse II,
Abuja, Nigeria
Directors and Named Executive Officers
Dr. Uzoigwe(3)
325,000
*
Howard Jeter(3)
325,000
*
Peter Ntephe(3)
388,889
*
All Directors and Named Executive Officers, group as a group group (3persons)
1,038,889
* %
* Less than one percent.
(1) The number of shares “beneficially owned” by each person or group as of March 10, 2010, includes shares of Common Stock that such person or group had the right to acquire on or within 60 days after that date, including, but not limited to, upon the exercise of options and vesting and release of restricted stock units. “Beneficial ownership” also includes shares held indirectly through a relationship, a position as trustee or under a contract or understanding. To our knowledge, except as otherwise indicated in the footnotes to this table and subject to applicable community property laws, each shareholder named in the table has sole voting and investment power with respect to the shares set forth opposite such shareholder’s name.
(2) Sir Emeka Offor is the beneficial owner of the shares held of record by Chrome Oil Services, Ltd., and Chrome Energy, LLC as the sole voting and investment power over these shares. He also holds 4,205,000 shares in his own name.
From: xxxxxxxxx] Sent: Monday, March 22, 2010 12:52 PM To: dkeeney@keeneypr.com Subject: Oustanding common stock
Hi Dan ,
I have a question in regards to common stock held by Mr Offor , I show on page 40 that Emeka Offor , Chrome oil services and Chrome energy own 42.6 %,14.3%, 27.7 % of which in fact is all Mr Offor ,IS that correct ?And if it is mr Offor owns 84.6% of the common stock of ERHC.
Am i reading this correctly or are the number duplicated cause this is all the same person . This would explain our share price very clearly . That would mean Mr.Offor is the single buyer of volume in erhe .
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