By Adedapo Adesanya
The board of directors of Conoil Plc is set to pay N2 per share as dividend to shareholders of the company for the year ended December 31, 2018.
A statement issued by the petroleum marketing company said the cash dividend would be paid electronically to shareholders from Friday, August 23, 2019.
However, this is subject to the approval of the company’s shareholders at the Annual General Meeting (AGM) scheduled for Friday, August 16, 2019 at the Le Meridien Ibom Hotel and Golf Resort, Uyo, Akwa-Ibom State.
Conoil specified that to obtain the payment, shareholders who are yet to complete the electronic dividend registration and mandate the Registrar to pay directly into their back accounts should do so.
They have been advised to download, complete, and submit the Registrar’s E-Dividend Mandate Activation Form to the Registrar, Meristem Registrars and Probate Services Limited, or their respective banks.
The company has also called on shareholders with dividend warrants and unclaimed shares to complete the e-dividend registration or contact the Registrar.
In the notice to the Nigerian Stock Exchange (NSE) on Tuesday, the board stated that only shareholders whose names appear on the Register of Members as at the set qualification date, Friday, August 2, would be entitled to the dividends.
The statement also stated that the Register of Shareholders will be closed from Monday, August 5 to Friday, August 9, 2019.
