Details of Ghana Oil Company Limited

Company Profile

SymbolGOIL
Company NameGhana Oil Company Limited
Stated CapitalGH
Security
Nature of BusinessMarketing and Distribution of Petroleum Products in Ghana
Date IncorporatedJune 14, 1960
Comments
Date ListedNovember 16, 2007
Registered OfficeHse. No. D 659/4, Junction of Kojo Thompson and Adjaben Roads, Tudu, Accra
Postal AddressP. O. Box GP 3183, Accra.
Tel0
Fax0
Emailinfo@goil.com.gh
Websitewww.goil.com.gh
Types of Traded SecuritiesOrdinary Shares of no par value
Issued Shares(GH) (mil.)391.86
Authorised Shares1,000,000,000
DirectorsProf. William A. Asomaning - Chairman Mr. Patrick Akpe Kwame Akorli - Managing Director Mr. Kojo Bonsu - Member Hon. Nii Laryea Afotey-Agbo - Member Nana Esuman Kwesi Yankah - Member Mr. Eugene Akoto - Bamfo - Member Mr. Chris Kingsley Kobla A- Ackummey - Member Mr. Thomas Kofi Manu - Member Ms. Faustina Nelson - Member
Change of Name
Comments

Press Releases

April 2018

Final Dividend
GOIL has announced that the Company’s Directors will be recommending to the shareholders at the upcoming Annual General Meeting, the payment of a final dividend of GH¢0.028 per share for the 2017 financial year.

Qualifying date
All shareholders registered in the books of GOIL at the close of business on Tuesday, April 24, 2018 will qualify for the dividend.
Closure of Register
In view of this, the Register of shareholders will be closed from Wednesday, April 25, 2018 to Thursday, 3 rd May, 2018 (both dates inclusive).
Ex-Dividend Date
The ex-dividend date has been set as Friday, April 20, 2018. Consequently, an investor purchasing GOIL shares before this date will be entitled to the dividend.
However, an investor buying GOIL shares on or after Friday, April 20, 2018 will not be entitled to the final dividend.
Dividend Payment Date
The final dividend will be paid from May 24, 2018.

Issued at Accra, this 29 th day of March, 2018.

March 2018

GOIL announces that the company’s 49 th Annual General Meeting will be held on Wednesday, April 25, 2018 at the Auditorium of the College of Physicians and Surgeons, Ridge, Accra at 11.00 am.
Attached is the notice of the meeting.

Issued in Accra, this 28 th day of March, 2018.

May 2017

GOIL announces the appointment of the following Directors of the company effective 18th May, 2017:

 

Hon. Peter Kwamena Bartels                           
Hon. Kwame Osei-Prempeh                  
Mrs. Beatrix Agyeman Prempeh            
Mr. Beauclerc Ato Williams                   
Mr. Robert Owusu Amankwah               
Mrs. Rhoderline Baafour-Gyimah           
Mr. Stephen Abu Tengan                      

Attached are their profiles.  

Issued in Accra, this 31st  day of  May, 2017.

April 2017

Final Dividend
 
GOIL has announced that the Company’s Directors will be recommending to the shareholders at the upcoming Annual General Meeting, the payment of a final dividend of GH¢0.025 per share for the 2016 financial year.
 
Qualifying date
 
All shareholders registered in the books of GOIL at the close of business on Thursday,May 18, 2017 will qualify for the dividend.
 
Closure of Register
 
In view of this, the Register of shareholders will be closed from Friday, May 19, 2017 to Friday, May 26, 2017 (both dates inclusive).
 
Ex-Dividend Date
 
The ex-dividend date has been set as Tuesday, May 16, 2017. Consequently, an investor purchasing GOIL shares before this date will be entitled to the dividend.
 
However, an investor buying GOIL shares on or after Tuesday, May 16, 2017 will not be entitled to the final dividend.
 
Dividend Payment Date
 
The final dividend will be paid from Monday, June 19, 2017.
 
Issued at Accra, this 25th day of April, 2017.

March 2017

GOIL has released the attached announcement for the information of the general investing public.

Issued in Accra, this 28th day of  February, 2017.

June 2016

Strategic African Securities Limited, the sponsoring broker of the GOIL Rights Issue, has release the results of the offer as per the attached.

Issued in Accra, this 21st day of  June, 2016.

May 2016

Strategic African Securities Limited, the sponsoring broker of the GOIL Rights Issue, announces that, the Securities and Exchange Commission has granted extension to the timetable of activities starting from the allotment period.

The amended timetable is as follows:

Activity

Date

 

Time

 

 

 

 

Allotment Ends

31st May, 2016

 

5:00pm

Results of the Offer Submitted to SEC and

3rd June, 2016

 

 

GSE

 

5:00pm

Crediting of Depository Accounts/Issue of

8th June, 2016

 

 

letters of Allotment

 

5:00pm

Listing and Commencement of Trading in

10th June, 2016

 

 

the New Shares

 

9:30am

 

 

Issued in Accra, this 27th day of May, 2016.

 

It is announce for the information of the investing public that trading in the renounceable rights issue of GOIL has been extended from Monday, 16th May, 2016 to Wednesday, 18th May, 2016 (both dates inclusive).

However, all transactions in the Rights during the period of the extension shall be on the basis of same-day settlement.

Issued in Accra, this 16th day of  May, 2016.

Final Dividend
GOIL has announced a final dividend of GH¢0.025 per share in respect of the financial year ended December 31, 2015 to be approved at the upcoming Annual General Meeting (AGM).
 
Qualifying date 
All shareholders registered in the books of GOIL at the close of business on Wednesday, May 11, 2016 will qualify for the dividend.

Closure of Register
The Register of Members in view of its on-going Rights Issue will be closed on Thursday, May 12, 2016.

Ex-Dividend Date
The ex-dividend date has been set as Monday, May 9, 2016.  Consequently, an investor purchasing GOIL shares before this date will be entitled to the dividend. However, an investor buying GOIL shares on or after Monday, May 9, 2016 will not be entitled to the final dividend.

Dividend Payment Date
The final dividend will be paid from Friday, June 24, 2016.

Issued at Accra, this 6th day of May, 2016.

April 2016

GOIL has released the attached to inform Shareholders and the General Investing Public of the Qualifying Date and the Closure of Register of Members with regards to the Renounceable Rights Issue.

Issued in Accra, this 13th day of  April, 2016.
GOIL announces that the company’s 47th Annual General Meeting will be held on Thursday, 12th May, 2016 at the Auditorium of the College of Physicians and Surgeons, Ridge, Accra at 11.00 am.

Issued in Accra, this 13th day of  April 2015.

February 2016

GOIL has released the attached to inform Shareholders and the General Public of its intended renounceable rights issue.

Issued in Accra, this 29th day of  January, 2016.

May 2014

Reference to PR. No. 147, GOIL announces that the company’s dividend for the financial year ending 2013 will be paid from 30th June, 2014.


Issued in Accra, this 23rd
day of May 2014
Final Dividend
GOIL has announced a final dividend of GH¢0.0160 per share in respect of the financial year ended December 31, 2013.

Qualifying date
All shareholders registered in the books of GOIL at the close of business on Wednesday, June 11, 2014 will qualify for the dividend.

Closure of Register
The Register of shareholders will be closed on Thursday, June 12, 2014.

Ex-Dividend Date
The ex-dividend date has been set as Monday, June 9, 2014. Consequently, an investor purchasing GOIL shares before this date will be entitled to the dividend. However, an investor buying GOIL shares on or after Monday, June 9, 2014 will not be entitled to the final dividend.

Annual General Meeting
AGM of GOIL will be held on Thursday, 29th May, 2014 at the Auditorium, College of Physicians and Surgeons, Ridge, Accra at 11.00 A.M.


Issued at Accra, this 22nd
day of May, 2014.
GOIL announces that the company’s 45th Annual General Meeting will be held on Thursday, 29th May, 2014 at the Auditorium of the College of Physicians and Surgeons, Ridge, Accra at 11.00 am.


Issued in Accra, this 12th
day of May 2014

November 2013

Bonus Shares
Further to the approval by the shareholders of GHANA OIL COMPANY LIMITED (GOIL or the Company) at its Annual General Meeting (AGM) held on 25tH July, 2013, the Company is pleased to announce a Bonus Issue for its shareholders in a ratio of 0.2 new shares for every one (1) existing share held.
 
Qualifying Date
The qualifying date for the Bonus Issue has been set for Monday, 9th December, 2013. Only shareholders on the register of members of GOIL as at the close of business on Monday, 9th December, 2013 will be entitled to the bonus shares.
 
Closure of Register
Pursuant to section 34 of the Companies Code Act 1963 (Act 179) and regulation 40(b) of the Ghana Stock Exchange Listing Rules, the Register of Members of GOIL will be closed to the general public from Tuesday, 10th December, 2013 to Thursday, 12th December, 2013 (both dates inclusive).
 
Ex-Bonus Date
Consequently for the purposes of trading on the Exchange, the ex-bonus date is Thursday, 5th December, 2013. This means that investors buying GOIL shares on or after Thursday, 5th December, 2013 will not be entitled to the bonus shares. Those buying before this date will be entitled to the bonus shares.
 
Electronic (book entry) Certification
In line with the Exchange’s requirement, paper certificates will not be issued in respect of the bonus shares. Investors who have their shares in the GSE Depository will be automatically credited with the bonus shares due them on the application date. Paper certificates holders or investors who have not as yet put their GOIL shares in the GSE Depository are advised to visit any of the brokerage houses and use their certificates as well as the allotment letter for the bonus shares to deposit all existing and new (bonus) shares in a Depository account. Opening of a GSE Depository account is free of charge.
 
Price
A reference price (reflecting the bonus issue) for GOIL Shares shall be set by the Exchange on Thursday, 5th December, 2013.
 
Issued in Accra, this 20th
day of November, 2013

July 2013

Final Dividend
GOIL has announced a final dividend of GH¢0.015 per share in respect of the December, 2012 financial year.
 
Qualifying date
All shareholders registered in the books of GOIL at the close of business on Thursday, August 15, 2013 will qualify for the dividend.
 
Closure of Register
The Register of shareholders will be closed on Friday, August 16, 2013.
 
Ex-Dividend Date
The ex-dividend date has been set as Tuesday, August 13, 2013. Consequently, an investor purchasing GOIL shares before this date will be entitled to the dividend. However, an investor buying GOIL shares on or after Tuesday, August 13, 2013 will not be entitled to the final dividend.
 
Dividend Payment Date
The dividend will be paid from Friday, August 30, 2013.
 
Annual General Meeting
AGM of GOIL will be held on Thursday, 25th July, 2013 at the Auditorium, College of Physicians and Surgeons, Ridge, Accra at 11.00 A.M.
 
Issued at Accra, this 22nd
day of July, 2013

June 2010

Final Dividend
GOIL has announced a final dividend of GH¢0.0104 per share in respect of its financial year ended December 31, 2009.

Qualifying date
All shareholders registered in the books of GOIL at the close of business on Wednesday, June 23, 2010 will qualify for the final dividend of GH¢0.0104 per share which would be approved at the Annual General Meeting.

Closure of Register
The Register of shareholders will be closed from Thursday, June 24, 2010 to Friday, July 2, 2010 (both dates inclusive).

Ex-Dividend Date
In view of the foregoing, the ex-dividend date has been set as Monday, June 21, 2010. Consequently, an investor purchasing GOIL shares before this date will be entitled to the final dividend. However, an investor buying GOIL shares on or after Monday, June 21, 2010 will not be entitled to the final dividend.

Dividend Payment Date
The final dividend of GH¢0.0104 per share will be paid from Friday, July 23, 2010.

AGM Notice
The Company’s Annual General Meeting will be held at the College of Physicians and Surgeons’ Auditorium, on Thursday, June 24, 2010 at 11.00 am.


Issued in Accra, this 8th
day of June, 2010

May 2010

GOIL has released its un-audited results for the first quarter ended March 31, 2010 as per the attached.


Issued at Accra, this 31st
day of May, 2010


CLICK HERE TO VIEW DETAILS

January 2010

GOIL has released its un-audited Financial Statements for the year ended December 31, 2009 as per the attached.


Issued in Accra, this 29th
day of January, 2010.


CLICK HERE TO VIEW DETAILS

July 2009

GOIL has released its un-audited Financial Statements for the half-year ended June 30, 2009 as per the attached.


Issued at Accra, this 30th
day of July, 2009



CLICK HERE TO VIEW DETAILS
Final Dividend
GOIL has announced a final dividend of GH¢0.0085 per share in respect of its financial year ended December 31, 2008.

Qualifying date
All shareholders registered in the books of GOIL at the close of business on Monday, July 20, 2009 will qualify for the final dividend of GH¢0.0085 per share which would be approved at the Annual General Meeting.

Closure of Register
The Register of shareholders will be closed from Tuesday, July 21, 2009 to Friday, July 24, 2009 (both dates inclusive).

Ex-Dividend Date
In view of the foregoing, the ex-dividend date has been set as Thursday, July 16, 2009. Consequently, an investor purchasing GOIL shares before this date will be entitled to the final dividend. However, an investor buying GOIL shares on or after Thursday, July 16, 2009 will not be entitled to the final dividend.

Dividend Payment Date
The final dividend of GH¢0.0085 per share will be paid on Thursday, August 20, 2009.

AGM Notice
The Company’s Annual General Meeting will be held at the College of Physicians and Surgeons on Thursday, July 16, 2009 at 11.00 am.


Issued at Accra, this 7th
day of July, 2009

June 2009

GOIL has released its un-audited results for the first quarter ended March 31, 2009 as per the attached.



Issued at Accra, this 12th
day of June, 2009


CLICK HERE TO VIEW DETAILS

Financial Statements

May 2018

GOIL has released its un-audited Financial Statements for the first quarter ending March 31, 2018 as per the attached.

Issued in Accra, this 30 th day of April, 2018.

March 2018

GOIL has released its Annual Report and Financial Statements for the year ended December 31, 2017, as per the attached.

Issued in Accra, this 27 th day of March, 2018.

February 2018

GOIL has released its un-audited Financial Statements for the year ended December 31, 2017 as per the attached.

Issued in Accra, this 7 th day of February, 2018.

November 2017

GOIL has released its un-audited Financial Statements for the third quarter ending September 30, 2017 as per the attached.

Issued in Accra, this 6 th day of November, 2017.

August 2017

GOIL has released its un-audited Financial Statements for the half year ending June 30, 2017 as per the attached.

Issued in Accra, this 1 st day of August, 2017.

April 2017

Results

GOIL has released its Annual Report and Financial Statements for the year ended December 31, 2016, as per the attached.

Notice of Annual General Meeting

GOIL announces that the company’s 48th Annual General Meeting will be held on Thursday, 18th May, 2017 at the Auditorium of the College of Physicians and Surgeons, Ridge, Accra at 11.00 am.

Attached is the notice of the meeting.

Issued in Accra, this 24th day of  April 2017

February 2017

GOIL has released its un-audited Financial Statements for the year ended December 31, 2016 as per the attached.

Issued in Accra, this 7th day of  February, 2017.

November 2016

GOIL has released its un-audited Financial Statements for the third quarter ending September 30, 2016 as per the attached.

Issued in Accra, this 4th day of  November, 2016.

August 2016

GOIL has released its un-audited Financial Statements for the half year ending June 30, 2016 as per the attached.

Issued in Accra, this 29th day of  July, 2016.

 

May 2016

GOIL has released its un-audited Financial Statements for the first quarter ending 31st March, 2016 as per the attached.

Issued in Accra, this 6th day of  May, 2016.

April 2016

GOIL has released its audited Financial Statements for the year ended December 31, 2015 as per the attached.

Issued in Accra, this 27th day of  April, 2016.

Attachment 2


February 2016

GOIL has released its un-audited Financial Statements for the year ended December 31, 2015 as per the attached.

Issued in Accra, this 4th day of  February, 2016.

November 2015

GOIL has released its un-audited Financial Statements for the third quarter ending September 30, 2015 as per the attached.

Issued in Accra, this 6th day of  November, 2015.

August 2015

GOIL has released its un-audited Financial Statements for the half year ending June 30, 2015 as per the attached.


Issued in Accra, this 3rd day of August, 2015.

May 2015

GOIL has released its un-audited Financial Statements for the first quarter ending 31st March, 2015 as per the attached.


Issued in Accra, this 5th
day of May, 2015.

April 2015

Final Dividend
GOIL has announced a final dividend of GH¢0.020 per share in respect of the financial year ended December 31, 2014 to be approved at the upcoming Annual General Meeting (AGM).

Qualifying date
All shareholders registered in the books of GOIL at the close of business on Wednesday, May 6, 2015 will qualify for the dividend.

Closure of Register

The Register of Members will be closed from Thursday, May 7 to Friday May 8, 2015 (both dates inclusive).

Ex-Dividend Date
The ex-dividend date has been set as Monday, May 4, 2015. Consequently, an investor purchasing GOIL shares before this date will be entitled to the dividend. However, an investor buying GOIL shares on or after Monday, May 4, 2015 will not be entitled to the final dividend.

Annual General Meeting
AGM of GOIL will be held on Thursday, 30th April, 2015 at the Auditorium, College of Physicians and Surgeons, Ridge, Accra at 11.00 a.m.

Issued at Accra, this 16th
day of April, 2015.
Final Dividend
GOIL has announced a final dividend of GH¢0.020 per share in respect of the financial year ended December 31, 2014 to be approved at the upcoming Annual General Meeting (AGM).

Qualifying date
All shareholders registered in the books of GOIL at the close of business on Wednesday, May 6, 2015 will qualify for the dividend.

Closure of Register
The Register of Members will be closed from Thursday, May 7 to Friday May 8, 2015 (both dates inclusive).

Ex-Dividend Date
The ex-dividend date has been set as Monday, May 4, 2015. Consequently, an investor purchasing GOIL shares before this date will be entitled to the dividend. However, an investor buying GOIL shares on or after Monday, May 4, 2015 will not be entitled to the final dividend.

Annual General Meeting
AGM of GOIL will be held on Thursday, 30th April, 2015 at the Auditorium, College of Physicians and Surgeons, Ridge, Accra at 11.00 a.m.

Issued at Accra, this 16th
day of April, 2015
GOIL has released its audited Financial Statements for the year ended December 31, 2014 as per the attached.


Issued in Accra, this 14th day of April, 2015.

February 2015

GOIL has released its un-audited Financial Statements for the year ended December 31, 2014 as per the attached.


Issued in Accra, this 9th day of February, 2015.

October 2014

GOIL has released its un-audited Financial Statements for the third quarter ending September 30, 2014 as per the attached.


Issued in Accra, this 31st day of October, 2014.

October 2013

GOIL has released its un-audited Financial Statements for the nine months ended September 30, 2013 as per the attached.


Issued in Accra, this 31st
day of October, 2013

August 2013

GOIL has released its un-audited Financial Statements for the half year ended June 30th as per the attached.


Issued in Accra, this 1st
day of August, 2013

April 2013

GOIL has released its un-audited Financial Statements for the first quarter ending 31st March, 2013 as per the attached.


Issued in Accra, this 30th
day of April, 2013

January 2013

GOIL has released its un-audited Financial Statements for the year ended December 31, 2012 as per the attached.


Issued in Accra, this 31st
day of January, 2013

July 2010

GOIL has released its un-audited Financial Statements for the second quarter ending June 30, 2010 as per the attached.


Issued in Accra, this 29th
day of July, 2010


CLICK HERE TO VIEW DETAILS

May 2010

GOIL has released its un-audited results for the first quarter ended March 31, 2010 as per the attached.


Issued at Accra, this 31st
day of May, 2010


CLICK HERE TO VIEW DETAILS

April 2010

GOIL has released its Audited Financial Statements for the year ended December 31, 2009 as per the attached.


Issued at Accra, this 27th
day of April, 2010


CLICK HERE TO VIEW DETAILS

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