About us

Acorn Petroleum Plc. is a Nigerian registered oil and gas company. Established in 1981, our business today includes trading in refined petroleum products in and out of Nigeria, distribution of refined products through our chain of Acorn branded retail outlets, aviation fueling business and storage and terminal operations.

Our Vision

To be a leader in the energy sector, passionately committed to delivering innovative solutions with integrity to stakeholders, through dynamic processes and motivated people

Our Mission

We are an organization with an eye on the future. Our mastery of the environment, passion of our people, the soundness of our processes and the fairness of our practices work together to stay competitive and deliver superior value to our stakeholders.

Our Brand

The acorn brand is the new spirit of its people. It bespeaks upward mobility, strength and continuity. The upward ‘A’, which also signifies and ‘arrow’, is contained by a circle which reflects continuity in an infinite pattern.

Quality Policy

“Acorn Petroleum Plc, an integrated Oil & Gas Group is passionately committed to delivering innovative energy solutions through acceptable practices, efficient processes, highly motivated manpower and thought for the environment”

FAQ

A detailed answer to provide information about your business, build trust with potential clients, and help convince the visitor that you are a good fit for them.

A detailed answer to provide information about your business dividend and share dealing

CardinalStone Registrars Limited
358, Herbert Macauly Road
Yaba
Lagos
Tel: +234-1-440-5104 & 792-4462
Email:registrars@cardinalstone.com
Website: www.cardinalstone.com

Please visit the Registrars’ office and you would be advised on the requirements for re-issuing a misplaced or destroyed shares certificate or visit the Registrar’s website (www.cardinalstone.com), download and complete the Indemnity Form and submit same (together with the requisite supporting documents) to the Registrars’ office. Your Stockbroker may also assist with this process.
OR
You may also instruct your stockbroker to assist with dematerializing your shares, as this eliminates the risk associated with the loss of certificates due to theft, fraudulent transactions, or extreme risks such as fire or flooding, which are very real hazards when certificates are stored at home in material form. In a nutshell, dematerialization is the process of converting physical shares (evinced by a shares certificate) into electronic format. You would be required to open an account with the Central Securities Clearing System (CSCS), your data is then captured or transferred into an electronic register and an equivalent number of securities are credited in electronic form to the CSCS depository. The CSCS issues electronic statements reflecting your shareholding and its current value. Once you have opened a CSCS account and dematerialized your shares, please notify the Registrars of this and also visit the Registrar’s website (www.cardinalstone.com), download and complete the e-bonus form and return the completed form to the Registrar’s office to enable the Registrar credit your CSCS account with any bonus issued by the Company.

You should write to and or visit the Registrars, requesting a change of name /address form, which should be completed, signed and returned to the Registrars.

You may either download a copy of the report from the Company’s website (www.acornpetroleum.com)
OR
You may request a hard copy from the Company Secretary at the Head office: Elephant House, 5th Floor, 214 Broad Street, Marina, Lagos. (Kindly come along with means of identification and proof of shareholding in the company)

1st January – 31st December

Final dividend (if recommended by the directors) in respect of a financial year ended, is paid to shareholders after same is approved at the Company’s annual General Meeting where the audited financial statements for the said year ended is laid before the shareholders. Interim dividend on the other hand, may be approved by the directors in the course of a particular year and paid before the year ends. Please note that dividend is only paid out of the Company’s distributable profit.

You may receive your dividends through a dividend cheque/warrant executed in your name and posted to your address.
OR
In keeping with global trends and best practice endorsed by regulators, you are encouraged to complete an e-dividend form for this purpose. By completing the form and including your bank account details, you are authorizing the Company/Registrars to pay your dividend into the designated bank account. Some of the benefit of this method include, (i) direct payment into shareholder’s designated account (ii) increased transparency in dividend payment; (iii) reduction in unclaimed dividends; (iv)saves time, as your designated account is credited within 24-48 hours of the dividend being declared and you’d be notified of lodgment through your mobile number given on the form; and (v) saves money by reducing overhead costs associated with this process, since the Company would not be required to write cheques, use envelope or buy postage stamps.

You can obtain the form from the Registrar’s office or the Registrar’s website (www.cardinalstone.com)

Please write to the Registrars stating that the dividend cheque/warrant is stale enclosing the stale cheque/warrant to enable cancellation and issuing of a replacement. In the case of a lost or missing dividend cheque/warrant, the shareholder shall visit the Registrar with an application attaching a police report and an affidavit of loss to aid processing of issuance of a replacement.
OR
You can also complete the e-dividend form, as highlighted above; this would do away with the incidence of staleness or loss of dividend cheques/warrants.

You can only trade securities of unlisted public companies (such as Acorn) through the platform of a registered securities exchange established for the purpose of facilitating over-the-counter (“OTC”) trading of securities. One of such platforms is the NASD OTC. Kindly visit NASD Plc’s website (www.nasdng.com) or offices (9th Floor, UBA House, 57, Marina, Lagos) for further information and for a list of registered and participating stockbroking firm.

You can only trade securities of unlisted public companies (such as Acorn) through the platform of a registered securities exchange established for the purpose of facilitating over-the-counter (“OTC”) trading of securities. One of such platforms is the NASD OTC. Kindly visit NASD Plc’s website (www.nasdng.com) or offices (9th Floor, UBA House, 57, Marina, Lagos) for further information and for a list of registered and participating stockbroking firm.

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