By Gbenga Agbana

Wednesday, 22 Dec 2010

Conoil Plc announced on Tuesday that it had commenced online registration of its shareholders, in an effort to upgrade and modernise its information data system with a view to achieving world-class standards in investor relations.

A statement by the management on Tuesday said 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 to have real-time access to corporate information.

The statement said, ”The essence is to promote greater operational transparency in furtherance of Conoil‘s commitment to sound corporate governance.”

The statement added that shareholders could register their details by either sending them by telephones via free short messages, 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 company’s management said.

Shareholders have described the online registration as a welcome development which would guarantee freer flow of information and consequently much easier access to the management in their everyday dealings with the company.

Source: Punch