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Conoil Plc released its audited financial statements for the year ended 31st of December, 2020.
See link to results.
The Board of Total Nigeria Plc has announced that it will be hosting its 43rd Annual General Meeting on the 17th of June, 2021.
This is according to a notification signed by the company’s secretary, Olubunmi Popoola-Mordi, and seen by Nairametrics. Sequel to this, the following issues will be discussed;
What you should know:
For more information about the AGM, click HERE.
Seplat Petroleum Development Company, a leading indigenous oil and gas company in Nigeria, has announced that an exchange rate of N410.29/$ will be applicable in the determination of its proposed interim dividend of 2.5 cents
According to a disclosure signed by the Chief Financial Officer of the company, Emeka Onwuka and published on the website of the Nigerian Exchange Group Plc (NGX Plc), the rates will be applicable to any shareholder that qualifies for and has elected to receive the dividend payment in Naira of GBP.
The exchange rates for the naira and the pound sterling amounts payable to shareholders were respectively determined with specific reference to the dollar, given that the company is listed on both the Nigerian Exchange Limited and London Stock Exchange.
Exchange rate
It is pertinent to note that the recent exchange rate announced by the firm for Q1 2021 interim dividend payment, is slightly higher than the FY 2020 figures by 0.01%, translating to a nominal increase of about 5 kobo. As at the period of writing this, CBN’s official exchange rate currently stands at N410.25/$1.
For more information about the disclosure, click HERE
Seplat Petroleum Development Company has announced the amendment in its Q1 2021 dividend payment timeline.
This is according to a disclosure signed by the firm’s Chief Financial Officer, Emeka Onwuka and seen by Nairametrics. Key changes in the timeline include;
Why the change?
According to the disclosure, the key dates for the dividend was amended to allow the registrar facilitate Shareholders’ currency selection for the two dividends (FY 2020 and Q1 2021) which is running concurrently.
What you should know:
For more information about the changes in the dividend timeline, click HERE.
Ardova Plc, an indigenous and integrated energy company, has confirmed the appointment of Mr Oladeinde Nelson-Cole as its Secretary/ General Counsel effective from 1st of April, 2021.
According to a notice sent to the Nigerian Exchange Limited, Mr Nelson-Cole was first appointed as Secretary on 29th of July 2019, albeit in an acting capacity, in a bid to fill the vacuum left by the departure of his predecessor, Mr Akinleye Olagbende.
Sequel to his outstanding performance in an acting capacity, his appointment was finally ratified by the board. As the Company’s Secretary/General Counsel, Mr Nelson-Cole will continue to guide the Board of the Company in ensuring strict compliance with regulatory and statutory requirements.
Profile
Mr. Nelson-Cole is a lawyer with over 14 years of experience with proven expertise in company secretarial, corporate compliance and general legal practice. He is an alumnus of the Lagos State University. Prior to joining Ardova Plc, Mr. Nelson-Cole was a Senior Associate in the law firm of RouQ and Co.
For more information about the appointment, click HERE.
Seplat Petroleum Development Company has announced the exchange rates that will be applicable in determining the proposed final dividend for 2020.
According to a notice filed with the Nigerian Exchange Group Plc (NGX) and seen by the Nairametrics, the following rates are applicable to any shareholder that qualifies for and has elected to receive the FY 2020 dividend payment in Naira or Pounds;
According to the notice, the exchange rate for the Naira or Pound Sterling amounts payable was determined by reference to the exchange rates applicable to the US dollar available on 30th April 2021.
It is pertinent to note that upon the satisfaction of pre-requisite conditions, qualified Seplat shareholders are entitled to receive their dividend either in the default local currency (Naira) or the US Dollar. In light of this, the closing date for dividend currency election to the company’s registrar is 18th of May, 2021.
The firm had earlier stated that Shareholders holding their shares on the Nigerian Exchange Group (NGX Plc) without a valid Nigerian Certificate for Capital Importation (“CCI”) will be paid their dividend in Naira as the default currency. On the other hand, Shareholders holding their shares on the NGX with a valid CCI will be paid their dividend in US dollars as the default currency.
The firm also noted that shareholders with a US Dollar default dividend payment scheme can opt to receive their entire dividend payment in Naira subject to the provision of CCI to Datamax Registrars Limited.
What you should know:
Ardova Plc released its unaudited results for the first quarter of the year (Q1, 2021).
See link to results.
Arbico Plc released its unaudited results for the first quarter of the year (Q1, 2021).
See link to results.
BOC Gases Nigeria Plc released its unaudited results for the first quarter of the year (Q1, 2021).
See link to results.
Following an application to the Nigerian Stock Exchange (NSE) on the voluntary delisting of 11 Plc (formerly known as Mobil Oil Nigeria Plc), the NSE has approved the delisting application.
According to the NSE, the application was ratified subject to 11 Plc’s evidence of opening an escrow account in the registrar’s name and evidence that the shareholders who have accepted to exit have been paid.
The company had opened an escrow account with GTL Registrars and Data Solutions Limited and provided sufficient funds to shareholders, who as of March 15, 2021, have accepted the ‘Exit Consideration’ of N213.90 per share. The Exit Consideration is based on the highest price of N213.90 at which 11 Plc traded in the last 6 months preceding the date of the Annual General Meeting, where the decision to delist was passed in line with NSE guidelines.
The oil firm noted that the delisting process will enable it to strategize for better performance, minimize costs and stay competitive within the industry.
What you should know:
For more information about the disclosure, click HERE.