TotalEnergies Marketing Nigeria Plc has said that it raked in N341,346,345 revenues as of 31st of December, 2021 as the company declared payment of N7.54 billion dividends to shareholders.
Chairman of TotalEnergies, Mr. Jean-Philippe Torres, who declared this at the 44th Annual General Meeting of the company in Lagos, maintained that TotalEnergies Marketing distributed the sum of #1.36 Billion as interim dividends, representing #4.00 (Four Naira only) per share for the year ended 31st December, 2021.
The Board, he added, “proposes for approval by shareholders the sum of #6.18 Billion representing another #18.20 (Eighteen Naira Twenty Kobo only) to be distributed as final dividend for the year 2021 subject to the deduction of appropriate withholding taxes at the time of payment.
“In line with our corporate reputation for early disbursement of shareholders’ dividends, we are delighted to confirm to you that if approved at this meeting, your dividends will be paid on the 17th of June,2022.”
Here below is Jean-Philippe Torres full statement at the well-attended 44th Annual General Meeting of the company.
“Good Morning distinguished shareholders, members of the Board of Directors of TotalEnergies Marketing Nigeria Plc, esteemed customers, gentlemen of the press, invited guests, ladies and gentlemen. It is with great pleasure that I, on behalf of the Board of Directors of TotalEnergies Marketing Nigeria Plc, welcome you to the 44th Annual General Meeting of your Company. During the course of this meeting, I shall present to you the Directors’ Report and Financial Statements for the year ended 31st December, 2021.
“Since our last Annual General Meeting, there have been changes to the composition of the Board. Mr. Imrane Barry and Mr. Alexander Adotevi resigned from the Board as they took on new roles in TotalEnergies. Also, Mr. Stanislas Mittelman resigned from the services of TotalEnergies in November, 2021. We thank Messrs. Barry, Adotevi and Mittelman for their contributions to the Board and Company. In July, 2021 Dr. Samba Seye was appointed to the Board (Managing Director in September), in October, 2021 Mr. Noubi Ben Hamida was appointed as a Non Executive Director and in November 2021 I (Mr. Jean-Philippe Torres) was appointed as a Non Executive Director and Chairman of the Board. At this meeting we shall be asking you to ratify these appointments. Please join me in wishing the new directors a very successful tenure on the Board.
“In August 2021, our shareholders approved our name change from Total Nigeria Plc to TotalEnergies Marketing Plc (TEMNPLC). A new name, a new logo, that anchors at the heart of our identity our strategy towards transformation and our ambition: to be a world-class player in the energy transition.
“I am delighted to inform you that your Company received two notable awards: an award from the Sustainability Enterprise and Responsibility Awards (SERAS) for the best company in stakeholder engagement and also won the 2020 fully Integrated Company of the year award in the Nigeria oil and gas sector at the Nigeria International Energy Summit.
“Distinguished shareholders, despite global, national and local economic and social challenges your Company’s turnover increased by 67% from #205 Billion in 2020 to #341 Billion in 2021. Profit after tax increased by an unprecedented 712% from #2.06 Billion to #16.8 Billion. This is indeed a remarkable achievement. With your kind permission I would like to use this medium to thank you our Shareholders for your royalty, the Board for its steer, Management for it’s dynamism and the Staff for their commitment.
“The company had earlier distributed the sum of #1.36 Billion as interim dividends, representing #4.00 (Four Naira only) per share for the year ended 31st December, 2021. The Board proposes for approval by shareholders the sum of #6.18 Billion representing another #18.20 (Eighteen Naira Twenty Kobo only) to be distributed as final dividend for the year 2021 subject to the deduction of appropriate withholding taxes at the time of payment. In line with our corporate reputation for early disbursement of shareholders’ dividends, we are delighted to confirm to you that if approved at this meeting, your dividends will be paid on the 17th of June,2022.
“Our people reman at the forefront of the Company’s successes. They are indeed our great asset”.
“Distinguished Shareholders, the decade 2020-2030 will see TotalEnergies transform into a true multi energy company. Your company is poised to play its role in the energy transition. With your support and an enabling environment 2022 should be a year of sustaining the momentum.
“Distinguished shareholders, I thank you for your encouragement, support and the cooperation given to the Board and Management. Our gratitude also goes out to our customers, transporters and suppliers. We thank you for your patronage, cooperation and contributions to achieving the results for the year.
“Finally, I thank you all for your presence at this Annual General Meeting, and I look forward to your participation in this meeting. Thank you”, he added.
Platforms Africa gathered that TotalEnergies donates money to 36 charitable organizations during the year 2021, the amount spent was 55,024,270 in total.
TotalEnergies Marketing Nigeia Plc was incorporated in 1956 and was listed on the Nigerian Exchange in 1979. TotalEnergies first petrol station was commissioned at Herbert Macaulay Street, Yaba, Lagos in 1956. Today,
TotalEnergies have over 540 service stations, 2 lubricants blending plants, 2 petroleum product depots, 1 bitumen depot, holdings in 5 aviation depots and have other facilities spread across the country.
TotalEnergies S.E. which holds 62% of TotalEnergies Marketing Nigeria Plc is a publicly-traded oil company that produces and markets fuels, natural gas and electricity. Active in more than 130 countries with over 100,000 employees.