2014 Pearl Awards Nite Press Conference; DANGCEM & FO Among Nominees

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Thursday, October 30, 2014 5.40 PM / PEARL Awards

 

The Chairman, PEARL Awards Nigeria,

Special Adviser, PEARL Awards Nigeria,

Distinguished Members, PEARL Awards Board of Governors,

Representatives of our esteemed Strategic Partners,

Distinguished Partners from the Media,

Distinguished Members of the 2014 PEARL Awards CWC,

 

Ladies and Gentlemen,

 

On behalf of the Board of Governors and Secretariat of PEARL Awards Nigeria, I have the singular honour and privilege of welcoming you all to today’s Press Conference on the 2014 PEARL Awards Nite. Our friends in the media particularly would recall that this will be the second time this year that we would be briefing the Press on the level of preparedness towards the successful hosting of what has become the reference point for credible rewarding of corporate excellence on the Nigerian capital Market, The PEARL Awards. Please permit me to start by thanking you all for your response to this invitation, in spite of your very busy schedules. We really appreciate you and will continue to count on your unflinching support and cooperation both now and in the nearest future.

 

As majority of us are aware, instituted in May 1995, PEARL Awards Nigeria in has over the past 19 years creditably organized the Awards Nite annually as part of our efforts to contribute our quota to the growth of capital market in Nigeria. Since inception and to date, we have been guided by principles of fairness, transparency and objectivity in our selection process while our scientific approach in determining nominee companies has positioned the Awards as a very unique one.   We are conscious of the huge responsibility placed on our shoulders and are determined to continue to give account as a reliable, credible and dependable Awards institution of repute.

 

The Nigerian capital market continues in its stride to reinvent itself towards achieving sustainable stability and growth. As a responsible Awards institution, our mandate is to continue to engender healthy competitiveness, reward outstanding performance, thereby enhancing returns to stakeholders in the market. This is the least we could do in supporting the regulatory authorities in restoring investors’ confidence in our capital market, deepen the market and return it to the path of sustainable growth.  We would continue to identify with these initiatives by regulatory authorities and other stakeholders aimed at strengthening the market for enhanced performance, depth and sustainable growth.

 

To this end, our esteemed Board of Governors and the Secretariat of the PEARL Awards Nigeria have deemed it necessary to update you on our quest to continually consider and reward deserving quoted companies for outstanding performances as we have done annually over the past almost 2 decades.

 

In this regard, I am pleased to announce to you the resolution of the Awards Board of Governors that the 2014 PEARL Awards will hold on Sunday, November 30, 2014 at the prestigious Eko Hotel & Suites, Victoria Island, Lagos.

 

Please permit me to reiterate that the PEARL Awards is the only award in this part of the world that identifies and rewards quoted companies based on empirical data. This is the uniqueness of the Awards, which earned it an endorsement in 2003 by the apex capital market regulatory authority, the Securities & Exchange Commission. The Awards process is predominantly based on data sourced from audited financial reports of quoted companies, utilizing credible parameters and tools of data evaluation that meet international standards.

 

Today, we are highly pleased to note that the PEARL Awards is widely acknowledged and applauded by capital market stakeholders including quoted companies, stockbrokers, Shareholders Associations, among others, for its impartiality, objectivity and transparency for almost 2 decades.

 

The 2014 Awards Nite, promises to be much more glamorous than previous editions. The event is being packaged to be a night of excellence and glamour, where captains of commerce and industries and major stakeholders of our economy will savour the joy of excellent operational performance of quoted companies in Nigeria.

 

Permit me to state that this year’s Awards were determined utilizing nine performance indices namely Turnover Growth; Return on Equity; Earnings Yield; Share Price Appreciation;  Dividend Cover; Dividend Yield; Net Asset Ratio; Dividend Growth and Profit Margin Ratio.

 

As in the past, in order to ensure fairness, objectivity and authenticity in its assessment, the Research and collation Sub-Committee, sourced the required data from the Annual Reports of quoted companies duly filed with the Nigerian Stock Exchange (NSE) and the Stock Exchange Daily Official lists for the year under consideration. The Report of the Research & Collation Sub-Committee was reviewed, verified and thereafter endorsed by the Board’s Technical Committee, which subsequently presented it to the full Board for consideration and approval.

 

The 2014 PEARL Awards would as usual be in three main competitive categories namely the Sectoral Leadership Awards, which rewards a company for out-performing other companies within the same sector, based on aggregate points garnered from all the nine indices utilized for ranking.

 

The Market Excellence Awards category, which is based on recognition of the entire market leadership in respect of each of the ranking indices, while the third category is the Overall Highest Award category – The PEARL of the Nigerian Stock Market.         

        

Distinguished partners in the Media, I have the honour and privilege to inform you that having examined the reports of the Research & Collation Committee of the Awards Central Working Committee; reviewed and endorsed by the Technical Committee of the Board, the PEARL Awards Board of Governors has today considered and finally approved the Nominations & Awards Reports for the 2014 PEARL Awards.

 

In line with our annual practice, on behalf of the PEARL Awards Board of Governors, I am pleased to announce the nominations for the 2014 PEARL Awards in no particular order. The nominees for the various categories of the Awards are as follows:

 

                               SECTORAL LEADERSHIP AWARDS

(1) AGRICULTURE                                                                                                

  Presco Plc                                   

  Okomu Oil Palm Plc

  Livestock Feeds Plc

  

(2) CONGLOMERATES                                                                                                

  A.G. Leventis Nigeria Plc                                   

  Transnational Corporation  Plc

  UAC of Nigeria Plc

                                                                             

(3) CONSTRUCTION 

  Julius Berger Nigeria Plc

  Roads Nigeria Plc

  Cappa & D’Alberto Plc

  

(4) CONSUMER GOODS (Breweries)

  Guinness Nigeria Plc

  International Breweries Plc

  Nigerian Breweries Plc

 

(5)CONSUMER GOODS (Food Prod& Bev) 

  Nestle Nigeria Plc

  7UP Bottling Company Plc

  National Salt Co. Nig. Plc

 

(6)CONSUMER GOODS(Household Prod.)

  P.Z. Cussons Nigeria Plc

  Beta Glass Company Plc

  Vitafoam Nigeria Plc

  

(7) FINANCIAL SERVICES (Banking)

  Diamond Bank Plc

  United Bank for Africa Plc

  Sterling Bank Plc

 

(8) FINANCIAL SERVICES (Insurance)

  Mansard Insurance Plc

  Custodian & Allied Insurance Plc

  Continental Reinsurance Plc

 

11)INDUSTRIAL GOODS(Building Material)

  Lafarge Cement WAPCO Nig. Plc

  Dangote Cement Plc

  CAP Plc

 

(12) OIL AND GAS (Petroleum Products)

  MRS Oil Nigeria Plc

  Conoil Plc

  Forte       Oil      Plc                                 

 

(9)  FINANCIAL SERVICES (Other Fin. Inst)

  Royal Exchange Plc

  FBN Holdings Plc

  Stanbic IBTC Holdings Plc

 

(10) HEALTHCARE (Pharmaceuticals)

  GlaxoSmithKline Cons. Nig. Plc

  Neimeth Inter. Pharmaceuticals  Plc

  Fidson Healthcare Plc

 

(13) SERVICES (Printing & Publishing)

  Academy Press Plc

University Press Plc

  Learn Africa Plc

 

                                  MARKET EXCELLENCE AWARDS

(1) TURNOVER GROWTH

  Custodian & Allied Insurance Plc

  FTN Cocoa Processors Plc

  Arbico Plc

 

(2) EARNINGS YIELD

  Roads Nigeria Plc

  Tantalizers Plc

  Diamond Bank Plc

  

(3)RETURN ON EQUITY

  CAP Plc

  Arbico Plc

  Nestle Nigeria Plc

  

(4)DIVIDEND YIELD

  Continental Reinsurance Plc

  A.G. Leventis Nig. Plc

  Sterling Bank Plc 

 

(5) DIVIDEND GROWTH

  Stanbic IBTC Holdings Plc

  MRS Oil Nigeria Plc

  Conoil Plc

  

(6) DIVIDEND COVER

  Fidelity Bank Plc

  Beta Glass Co. Plc

  Presco Plc 

 

(7) NET ASSET RATIO

  Total Nigeria Plc

  MRS Oil Nigeria Plc

  Nestle Nigeria Plc

 

(8) PROFIT MARGIN RATIO

  Transcorp Plc

  Dangote Cement Plc

  Guaranty Trust Bank Plc 

 

(9) SHARE PRICE APPRECIATION

  Champion Breweries Plc

  Transcorp Plc

  Forte Oil Plc

  

As in the past editions of the Awards, the winning company for each of the Awards for which the nominees are listed above would be announced at the 2014 Awards Nite.

 

Also, in line with our policy, the nominees and winner of the Overall Highest Award (The PEARL) for this year would be announced at the Awards Nite.

 

Distinguished Media Partners, you will recall that in commemoration of the Awards 5th anniversary in the year 2000, a fourth category for Special Honourary Awards was introduced to reward and honour individuals and media institution that contributed remarkably to capital market development in Nigeria. Notable past recipient of Awards in this category include Dr. Gamaliel Onosode, Dr. Suleyman Ndanusa, Dr. Christopher KoladeLate Asiwaju Akintunde Asalu,  Dr. Faruk Umar, Ms Arunma Oteh,  Chief (Dr.) Olusegun Osunkeye and Mr. Atedo Peterside

 

Also under this honorary category is the PEARL Outstanding CEO of the year Award previously won by the following, among others - Mr. Jim Ovia, former Managing Director/CEO, Zenith Bank Plc, Mr. Bisi Onasanya, Group Managing Director/CEO, First Bank of Nigeria Plc, Dr. Fidelis Ayebae, Managing Director/CEO, Fidson Healthcare Plc and Mr. Chidi Okoro, Former Managing Director/CEO, GlaxoSmithkline Consumers Nigeria Plc. The winners in this Honorary category of Awards for this year’s edition would be duly announced and honoured during the Awards Nite event.

 

The 2014 PEARL Awards Nite, has been packaged to be a highly successful event, in celebration of outstanding quoted companies in Nigeria. Top Capital Market players and Prominent Nigerians already confirmed to grace this year’s edition of the PEARL Awards Nite include Chief (Dr.) Molade Okoya-Thomas, Chairman, CFAO Nigeria Plc; Mr. Adu Antwi, DG, Securities & Exchange Commission, Ghana, Mr. Tony Elumelu, Chairman, UBA PLC, Mr. Tonye Cole, CEO, Sahara Group and Chief (Mrs) Nike Akande, Former Minister of Commerce & Industry among a host of others.

 

Gentlemen of the Press, I must once again appreciate the consistent huge support by the Press, both print and electronic media for the PEARL Awards for almost 2 decades of its existence. We heartily express our gratitude to you all and implore you to give the 2014 Awards the highest level of publicity, as we strive together to return the market to the path of sustainable growth.

 

On behalf of the PEARL Awards Board of Governors, the PEARL Awards Secretariat, and the 2014 Central Working Committee, I  thank you all for being part of this Press Conference and look forward to seeing you all at the Awards Nite ceremony.

 

I appreciate you all for your rapt attention. Thank you and God bless.

 

Tayo Orekoya, FCA

 

President/CEO, PEARL Awards Nigeria

30th October, 2014

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