Conoil shareholders approve N1.73 billion dividend payout for 2022

0
150
Conoil shareholders approve N1.73 billion dividend payout for 2022
Conoil shareholders approve N1.73 billion dividend payout for 2022

At the 53rd Annual General Meeting (AGM) of Conoil Plc held in Uyo, Akwa Ibom State, shareholders have given their approval for the board of directors’ proposal to pay a final dividend of N1.734 billion for the 2022 financial year.

This dividend translates to N2.50 per share.

Dr. Mike Adenuga (Jnr), highlights commitment to shareholder value

During the AGM, Dr. Mike Adenuga (Jnr), the Chairman of Conoil Plc, addressed the shareholders.

He emphasized the company’s commitment to creating significant value for its shareholders and ensuring the continuous growth of its share price.

Dr. Adenuga stated, ‘We have consistently improved our operating margin and increased our volumes across all our locations.

With a strong brand portfolio and dedicated, skilled personnel nationwide, our primary goal is to provide outstanding services to our customers and ultimately reward our shareholders.’

He further revealed that Conoil Plc plans to build upon its past achievements to maintain a robust and sustainable performance that will benefit its shareholders.

Dr. Adenuga expressed confidence and optimism about the company’s future, highlighting its strategic positioning to seize key opportunities in the market.