Okomu Oil Palm Company PLC is located in Nigeria and has 3 concessions that are registered with the EdoGIS (Ministry of Lands and Survey) in accordance with the Edo State Lands Administration and Geographic Information Service Law, which was made pursuant to the Land Use Act (Section 4b). The Company’s headquarters are on Okomu’s Main Estate in Ovia South-West Local Government Area.
The following areas within the 3 concessions owned by Okomu are currently planted with oil palm and rubber (on 31/12/2020):
|Concession||Total area (ha)||Oil palm (ha)||Rubber (ha)||Unplanted/HCV (ha)|
|Main Estate||15 580||8 488||5 524||757|
|Extension 1||6 116||1 969||1 811||415|
|Extension 2||11 416||8 604||0||2 059|
|Total||33 112||19 061||7 335||3 231|
The shares of Okomu Oil Palm Company PLC are 62.69% owned by Socfinaf S.A, which is incorporated under the laws of Luxembourg, and 37.31% by a diversified spread of Nigerian and international individuals and institutional shareholders. Other than Socfinaf S.A, no other shareholder holds more than 5% of the Company’s issued share capital.
|Name||Shareholding (%)||Board representation|