WorldStage– Conoil PLC has officially announced the details for its upcoming 56th Annual General Meeting (AGM), alongside crucial corporate actions for shareholders.
The energy major has scheduled its general meeting to take place in Uyo, Akwa Ibom State, as leadership presents the company’s financial performance for the year ended December 31, 2025, alongside major leadership updates and dividend payouts.
Key Highlights & Financial Agenda
Date & Time: Friday, December 18, 2026, at 11:00 a.m.
Venue: CEEDAPEG Hotels, Uyo, Akwa Ibom State.
Proposed Dividend: ₦2.00 per ordinary share of 50 kobo each, subject to shareholder approval at the AGM.
Key Dates for Shareholders:
Qualification Date / Register Closure (Dividends): Friday, December 4, 2026.
Register Closure (Transfer Books): Monday, December 7 to Friday, December 11, 2026.
Dividend Payment Date: Tuesday, December 29, 2026 (disbursed electronically to shareholders with valid e-mandates).
Board Changes and Governance
The meeting agenda features key approvals regarding board composition and audit oversight:
Ratification of New Board Appointments:
Dr. Oluyemisi Toyobo as Independent Non-Executive Director.
Mr. Tobun Olayiwola as Non-Executive Director representing Minority Shareholders.
Re-election of Directors (Retiring by Rotation):
Dr. Ebi Omatshola
Mr. Joshua Ariyo
Auditor Transition: Shareholders will be asked to ratify the appointment of new auditors, G.E. Osagie & Co., and authorize the Board to fix their remuneration for the ensuing year.
Shareholder Actions & Participation
Proxy Voting: Shareholders unable to attend in person can download and complete the proxy form included in the annual report. Forms must be stamped and deposited at the office of the Registrars, Meristem Registrars Limited (213 Herbert Macaulay Way, Adekunle, Yaba, Lagos) or via email at info@meristemregistrars.com no later than 48 hours before the meeting.
Enquiries and Questions: Shareholders have the right to submit questions ahead of the meeting to the Acting Company Secretary, Bolaji Owolabi Esq., via email at owolabi.b@conoilplc.com on or before Friday, December 11, 2026.
E-Dividend Mandate: Investors are strongly urged to update their bank and CSCS account details through Meristem Registrars or via the SEC unclaimed dividend portals to ensure seamless electronic dividend processing.
