Dangote Cement Plc Annual Report 2021
Corporate governance
Dividends
The Directors pursue a dividend policy that reflects the Company's
earnings and cash flow, while maintaining appropriate levels
of dividend cover. They consider the capital needed to fund
the Company's operations and expansion plans. For the 2021
financial year, the Directors are pleased to recommend a
dividend of 20.00 per ordinary 50 kobo share (2020: #16.00).
The Board considers that the proposed dividend is appropriate
and is in line with the Company's strategic growth objectives. If
the shareholders approve this dividend at the Annual General
Meeting, dividends will be paid to the shareholders whose names
are registered in the Company's Register of Members at the close
of business on the Qualification Date.
Unclaimed dividends
The total unclaimed dividends outstanding as of 31st December
2021 is 4.6 billion (2020: #4.0 billion). A list of unclaimed
dividends is available on the Company's website at
www.dangotecement.com. The Company notes that some
dividend warrants remain unclaimed. Shareholders with
unclaimed share certificates or dividends should address
Directors' interests
their claims to Coronation Registrars Ltd registrars at
[email protected] or 9, Amodu Ojikutu Street,
Victoria Island, Lagos, Nigeria. Members are encouraged to notify
the registrars of any changes in their details.
Directors
As of 26th February 2022, Dangote Cement Plc had 14 Directors,
all of whom held office as of 31st December 2021. Arvind Pathak
resigned on 25th February 2021, while Philip Mathew and Halima
Aliko-Dangote were appointed on 15th September 2021 and 26th
February 2022, respectively. Sani Dangote passed away on 14th
November 2021. The appointment, removal or reappointment of
Directors is governed by the Company's Articles of Association,
the Companies and Allied Matters Act (CAMA), 2020, and Board
and governance policies. These documents also set out the rights
and obligations of Directors. In accordance with the Articles of
Association of Dangote Cement Plc, prevailing legislation and any
directions via resolution, the business of the Company is managed
by the Directors, who in good faith, exercise all such powers on
behalf of the Company.
In accordance with the Companies and Allied Matters Act (CAMA), 2020, the Directors' interests in the issued share capital of the
Company are recorded in the Register of Members and stated below:
As at
As at
26th February
31st December
As at
31st December
2021
Shareholder
Devakumar V. G. Edwin
Ernest Ebi
7a
Emmanuel Ikazoboh
1a
S/N
M H1b234567
Aliko Dangote
(Indirect: Aliko Dangote) Dangote Industries Ltd.
Sani Dangote
Olakunle Alake
Abdu Dantata
2022
27,642,637
14,621,387,610
27,642,637
14,621,387,610
2020
27,642,637
14,621,387,610
8,000,000
8,000,000
8,000,000
8,680
6,000,000
100,000
8,680
6,000,000
100,000
8,680
6,000,000
100,000
(Indirect: Emmanuel Ikazoboh) Arm Nom: Osigbeme,
7b
Enterprises Limited
58,149
58,149
58,149
(Indirect: Emmanuel Ikazoboh) Arm Nom: Emmanuel
7c
Osigbeme Ikazoboh
8a
Douraid Zaghouani
8b
9a
(Indirect: Douraid Zaghouani) Investment Corporation of Dubai
Viswanathan Shankar
243,540,000
243,540,000 243,540,000
9b
(Indirect: Viswanathan Shankar) GW Grey, Pte Ltd
128,560,764
128,560,764
128,560,764
10
Dorothy Udeme Ufot
11
Michael Davis
12
Cherie Blair
13
14
15
3456
Michel Puchercos
Berlina Moroole
Arvind Pathak
16
Philip Mathew
83
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