Shareholders have said they expect extra value and improved Returns on Investment (RoI) from TotalEnergies Marketing Limited, following its inroad into other areas.
The company, which has changed its name from Total Nigeria Plc to TotalEnergies Marketing Limited, also expanded operation to include providing energy sources to consumers.
Speaking during the extraordinary general meeting of the company in Lagos, President, Noble Shareholders Association of Nigeria, Mathew Akinlade, said TotalEnergies is dealing with other sources of energy, including solar energy.
He said his members approved the change of name to TotalEnergies Marketing because it is the right step to explore more investment opportunities in the industry.
National Coordinator Emeritus, Independent Shareholders Association of Nigeria (ISAN) Sunny Nwosu, said shareholders approval of the name change was an indication of its merit and high confidence in the leadership of the company.
Read Also: NOVA Merchant Bank shareholders approve N800m dividend
Managing Director, TotalEnergies Marketing Limited, Imrane Barry, said the new name says it all.
According to him, the name change would bring more value to customers and shareholders. He said the company will continue to address the challenge of energy transition.
Continuing, Nwosu said TotalEnergies Marketing has given shareholders good dividend payout over the years and expects dividend payout to continue.
He said the shareholders were happy with the improved services and businesses strategy being adopted by TotalEnergies Marketing Limited in the provision of its services and products to customers.
“I believe that name change should bring extra value to shareholders and other stakeholders,” Nwosu said.
Leave a Reply