Page 51 - Honeywell Annual Report 2021 comm 10 09 v17a.cdr

Report of the Directors cont’d

6. Directors' Shareholding
The direct and indirect interest of Directors in the Issued Share Capital of the Company as recorded in the Register
of Directors Shareholdings and/or as notified by the Directors for the purposes of Sections 301 and 302 of the
Companies and Allied Matters Act 2020 and the listing requirements of Nigerian Stock Exchange is as stated
hereunder.

2021 2020 2021 2020
Direct Direct Indirect Indirect
Dr. Oba Otudeko D.Sc (Hon) CFR - - 5,294,363,565 5,294,363,565
Mr. Olanrewaju Bamidele Jaiyeola 370,000 370,000 - -
Mr. Nino Albert Ozara 250,000 250,000 - -
Mr. Obafemi Otudeko - - 618,000,000 618,000,000
Mr. Alan Palmer 75,783 75,783 - -
Mr. Andrew Smith-Maxwell - - - -
Mr. Theophilus Oluranti Sokunbi 208,000 208,000 - -
Mrs. Wonuola Adetayo 50,000 50,000 - -
Dr. Raymond Zoukpo 204,541 - - -
1,158,324 953,783 5,912,363,565 5,912,363,565

** Dr. Oba Otudeko and Mr. Obafemi Otudeko have indirect holdings amounting to 5,294,363,565 and 618,000,000 respectively
through Siloam Global Services Limited which is a 75% equity holder in the Company.

7. Directors' Interest in Contracts
None of the Directors have notified the Company for the purpose of Section 303 of the Companies and Allied Matters
Act 2020 of any disclosable interest in contracts with which the Company was involved during the year ended 31
March, 2021.

8. Employment and Employees

I. Employment Policy
It is the policy of the Company that there should be no discrimination in considering applications for employment
including those from physically challenged persons. However, there was no physically challenged person in the
employment of the Company during the year.

ii. Training and Development
It is the Company's policy to equip all employees with the skills and knowledge required for the successful
performance of their jobs. The Company sees the investment in its employees as a major part of its strategic
development and have maintained a consistent policy of training its staff, both locally and internationally to
enhance their skills and competence.

iii. Health and Welfare of Employees
It is the policy of Honeywell Flour Mills Plc that every employee is provided with a safe and healthy working
environment so far as is practicable, having due regard to all moral, legal and economic obligations. The Directors
of the Company recognize that they have a responsibility to ensure that all reasonable precautions are taken to
maintain good working conditions that are safe, healthy and comply with all statutory requirements and best
codes of practice. The Company provides Personal Protective Equipment to employees as required by the

52 HONEYWELL FLOUR MILLS | ANNUAL REPORT | 2021 World of Possibilities