Ahead of its Annual General Meeting (AGM) in June this year, the Directors of GOIL PLC ($GOIL) have recommended to its shareholders the payment of a final dividend for the 2023 financial year of GH¢0.056 per share. However, the ex-dividend date has been set as Friday, May 31, 2024 therefore an investor purchasing GOIL shares before this date will be entitled to the final dividend. Also, an investor buying GOIL shares on or after Friday, May 31, 2024 will not be entitled to the final dividend.

GOIL has been a listed entity on the Ghana Stock Exchange since 2007, with International Standard Organisation (ISO) certifications of ISO 9001:2015 and ISO 14001:2015. As a market leader in petroleum services in Ghana, GOIL has a vision to be a world-class provider of goods and services in the petroleum and other areas of the energy industry. The year 2023, however, saw one of GOIL’s three subsidiaries, GOEnergy BDC, lose a significant portion of its total market share from 20.19% in 2022 to 16.10%, according to the National Petroleum Authority’s statistics on the performance of OMCs in the country (we have covered the OMCs performance here.) The other two subsidiaries are GOIL Upstream and GOBitumen providing services in the Ghanaian upstream oil and gas industry and road construction.

Meanwhile, the company’s AGM will be held both in person at the Movenpick Ambassador Hotel in Accra and virtually can be accessed by website at https://www.goilagm.com on Thursday, June 6, 2024 at 11am. All shareholders registered in the books of GOIL at the close of business on Tuesday, June 4, 2024 will qualify for the final dividend, and the register of shareholders will be closed from Wednesday, June 5, 2024 to Thursday, June 6, 2024.