Conoil Plc has declared a dividend of N3.50k (three naira fifty kobo) per share from its 2023 profits, payable to shareholders recorded in the company’s books by November 18, 2024.
- This announcement was made public on the Nigerian Exchange Limited’s (NGX) platform on November 20, 2024, and was signed by the company’s secretary, David Lanre-Leke.
- During the Annual General Meeting (AGM), shareholders adopted the Directors’ Report and audited financial statements for December 31, 2023, which included the profit and loss statement and a comprehensive income report reviewed by the auditors and audit committee.
- Other resolutions passed at the meeting included the re-election of directors, the composition of the statutory audit committee, and the determination of remuneration for management and directors.
- The Board approved the re-election of non-executive directors Dr. Mike Adenuga, Mr. Joshua Ariyo, and Mr. Mike Jetuboh, who were due for retirement by rotation.
- The existing statutory audit committee members—Mr. Adeshina Oladepo, Ms. Adeleye Funmilayo, and Mr. Ijayekunle Idowu—were retained for 2024, along with non-executive directors Mr. Ademola Idowu and Mr. Joshua Ariyo.
- The resolution also included the disclosure of the company’s financial performance in line with Section 257 of the Companies and Allied Matters Act (CAMA) 2020.
