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Total’s Shareholders Earn N2.06bn In Dividends

June 27, (THEWILL) – The Board of Total Nigeria Plc has approved a total dividend of N2.06 billion representing N6.08 per share for the 2020 financial year at the 43rd Annual General Meeting (AGM) of the company, held at The Civic Centre, Lagos on 17th of June 2021.

This is according to an official disclosure signed by the Company Secretary, Bunmi Popoola-Mordi and sent to the Nigerian Exchange Group Limited (NGX).

The notice said: “It was resolved that a dividend of N6.08 (Six Naira, Eight Kobo) per share as recommended by the directors be and is hereby payable on Friday 18th June, 2021 to all holders of ordinary shares whose names appear in the Register of Members at close of business on the 16th of April, 2021 subject to deduction of withholding tax at the rate applicable on the date of payment.’

“Sequel to this, the approved dividend rate of N6.08 per share will be paid on all the issued 339,521,837 ordinary shares of the company.”

At the AGM, three Directors, Mr. Stanislas Mittelman, Mrs. Lesley Baxter-Green and Mr. Alexander Adotevi, were re-elected into the Board.

While five persons were elected as members of the statutory audit committee, the board also fixed remuneration for Directors and Auditors for the 2021 financial year

Total Nigeria Plc had earlier reported a Profit After Tax of N2.24 billion in FY 2020, indicating a dip of 1.55% when compared to the sum of N2.28 billion recorded in 2019.