FRIDAY, 12 NOVEMBER 2010 00:00 BY MOSES EBOSELE

TO further upgrade and modernize its information database, Conoil plc has commenced online registration of its shareholders.

The management of the company explained yesterday that the exercise is also designed to position the company to world-class standard in investor relations.

According to Conoil in a statement, the exercise would ensure improved communication with stakeholders, facilitate e-dividend payment to investors and enable the company to regularly update shareholders’ data, while allowing them real-time access to corporate information.

“The essence is to promote greater operational transparency in furtherance of Conoil’s commitment to sound corporate governance,” Said the statement.

It explained that shareholders could register their details by either sending them by telephones via free short messages (sms) to 30367 on Glo lines or log on to the company’s website, www.conoilplc.com, and fill the registration form.

“You need to be close to your company to be part of its progress. Take advantage of this rare opportunity to get your information recorded in our data base and watch your company grow,” the management said.

 
Speaking at the 40th yearly general meeting of the company recently in Ibadan, Oyo State, the Chairman, Dr. Mike Adenuga who was represented at the ceremony restated Conoil’s commitment to utilizing available opportunities in the industry for the satisfaction of customers and the eventual benefits of shareholders.

“As we look ahead and bracing up to take advantage of opportunities in the emerging markets, we continue to organize our efforts and resources along enduring strategies for top-line performance.

 

There is an ongoing review of our business processes to boost commercial, innovation and supply chain efficiencies, to improve focus on growth opportunities and to enhance competences that will drive accelerated progress,” Adenuga said. 

He said that the company has fashioned out strategic rolling plans and initiatives aimed at further enhancing its operations and sustaining its “enviable record” of profitability and shareholder value.

Source: Guardian