Wednesday, June 06, 2018 / 10:45AM / NSE
Notice is hereby given that the forty-eighth Annual General Meeting of the members of Conoil Plc will be held at Le Meridien Ibom Hotel and Golf Resort, Uyo, Akwa Ibom State on Friday, 13 July 2018 at 11.0oam for the transaction of the following business:
1. To receive the Report of the Directors and the Statement of Financial position as at 31
2. December 2017 together with the Statement of Profit or Loss and Other Comprehensive Income for the year ended on that day and the Reports of the Auditors and the Audit Committee thereon.
3. To declare a dividend.
4. To elect and re-elect Directors.
5. To fix the remuneration of the Directors.
6. To authorize the Directors to fix the remuneration of the Auditors.
7. To elect members of the Audit Committee.
A member of the Company entitled to attend and vote is entitled to appoint a proxy to attend and vote instead of him or her. A proxy need not also be a member of the Company. If a proxy form is to be valid for the purposes of the meeting, it must be stamped by the Commissioner of Stamp Duties and deposited at the office of the Registrar, Meristem Registrars Limited, 213, Herbert Macaulay Way, Adekunle, Yaba, Lagos not less than 48 hours before the time fixed for the meeting.
2. Payment of Warrants
If the dividend recommended by the Directors is approved at the Annual General Meeting, the dividend warrants will be posted on 23 July 2018 to members whose names appear in the Register of Members at the close of business on 14 June 2018.
3. Closure of Register
The Register of Members and the Transfer Books of the Company will be closed from 15 June 2018 to 22 June 2018 both days inclusive, to enable the preparation and payments of dividends.
4. Nominations for The Audit Committee
In accordance with Section 359(5) of the Companies and Allied Matters Act CAP C 20 LFN 2004, any member may nominate a shareholder as a member of the Audit Committee by giving in writing, notice of such nomination at least 21 days before the date of the Annual general Meeting. Such nominations should be guided by the requirements of the Securities & Exchange Commission’s Code of Corporate Governance for Public Companies in Nigeria, 2011.
5. Right Of Shareholders To Ask Questions
Shareholders have a right to ask questions not only at the meeting but also in writing prior to the meeting and such questions must be submitted to the Company Secretary on or before 6 July2018.
6. Unclaimed Dividend Warrants and Share Certificates
Several Dividend Warrants and Share Certificates of some members remain unclaimed or, are yet to be presented for payment or réturned to the Company for revalidation. A list of such members will be circulated with the Annual Report for the year ended 31St December 2017. Those who are affected are advised to write to the Company’s Registrars.
7. e-Dividend Mandate.
Shareholders are hereby advised to open bank accounts, stockbroking and CSCS accounts for the purpose of timely receipt of dividend payments. A detachable e- dividend mandate activation Form will be included in the Annual Report and also available at the office of the Registrars to enable all shareholders furnish particulars of their bank accounts / CSCS details to the Registrars as soon as possible.
Further, all unregistered investors/members for E-Dividend payment are advised to take advantage of the Securities and Exchange Commission’s Unclaimed Dividend Retrieval Process by searching for their unclaimed dividend and downloading the e- mandate forms at http://www.sec.gov.ng/non-mandated/. Downloaded forms should be filled and submitted through the Bank or Registrar.