11 PLC formally Mobil Oil Nigeria PLC is a subsidiary of Exxon Mobile. The Company operates in the integrated oil and gas industry. Mobil Oil Nigeria is engaged in the production and marketing of petrochemicals (gasoline, motor oils, lubricants, marine and jet fuels, etc.), packaging films and other chemical products. Through its wholly owned subsidiaries, Mobil operates a worldwide oil and gas exploration and producing business, a global marketing and refining complex, a network of pipelines and tankers linking these worldwide oil and gas businesses, a world scale chemical business and a highly sophisticated research and engineering operation. The Company is listed on the Nigerian Stock Exchange Since 24th April 1979.
The company on Monday 11th March, 2019 through Danladi Ochekpe Company Secretary, updated the Market regulator and other stakeholders on its Board approval among other items, the 2018 audited accounts as well as the recommendation of dividend subject the owners’ voting during the next AGM
Here the details:
APPROVAL OF THE AUDITED ACCOUNTS AND FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED DECEMBER 31, 2018
Please refer to our Announcement to the Exchange dated February 21, 2019 through which we notified the Exchange of the Board meeting of the company.
We are pleased to inform you that the Board of Directors of the company at its meeting of March 7, 2019 approved among other things, the Audited Accounts of the company for the financial year ended December 31, 2018 and recommended a dividend subject to approval by the shareholders at the next Annual General Meeting.
Consequent upon the approval the said Audited Account will be published on March 22, 2019.
The above is for your records.
Danladi Ochekpe Company Secretary