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Nigeria Stock Exchange (NSE:OANDO) = 3.80 (0.05) Johannesburg Stock Exchange (JSE:OAO) = 15.00 (0.00)

Extension of Acceptance Period for Oando Plc Rights Issue

 

Extension of Acceptance Period for Oando Plc Rights Issue : Nigeria’s leading indigenous energy firm

Lagos, Nigeria – Oando PLC (referred to as “Oando” or the “Group”), Nigeria’s leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, today announced a 2 week extension for the acceptance period of the N48.8 billion Rights Issue

Shareholders requested for an extension of the acceptance period as a result of the delay in receipt of their Rights Issue Circulars as a result of the skeletal postal service during the 2014 end of year festivities.

Nigeria’s leading indigenous energy firm In this regard, an application was made to the Securities & Exchange Commission to extend the closing date of the acceptance list and this has been approved accordingly. The acceptance list will therefore now close on Wednesday, 28th January, 2015.

Receiving agents now have till Wednesday, 11th February, 2015 to forward returns to the Registrars, First Registrars Nigeria Limited.

 

Ends.

For further information, please contact:

 

Tokunboh Akindele

Head, Investor Relations

2, Ajose Adeogun Street,

Victoria Island,

Lagos,Nigeria.

Tel: +234 (1) 2601290-9,Ext 6396

aakindele@oandoplc.com

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