OAO - Oando Plc - Recommendation of Final Dividend Number 16
(Incorporated in Nigeria and registered as an external company in South Africa)
Registration number RC6474
(External company registration number 2005/038824/10)
Share code on the JSE Limited: OAO
Share code on the Nigerian Stock Exchange: UNTP
("Oando" or "the Company")
Recommendation of final dividend number 16
The directors of Oando have recommended a final dividend of Four Naira (Naira
4.00) per ordinary share (2005: Naira 2.50 per ordinary share) for the twelve
months to 31 December 2006. The dividend has been recommended and will be
declared in Naira, the currency of Nigeria. The salient dates are:
Currency conversion at 11:00 South African time on Monday, 16 April 2007
Last day for trading to qualify for and Thursday, 19 April 2007
participate in the dividend (cum dividend)in South
Trading ex dividend in South Africa commences on Friday, 20 April 2007
Record date in South Africa Thursday, 26 April 2007
Record date in Nigeria Friday, 27 April 2007
Register of members and Transfer Books Closed in 30 April - 4 May 2007
Annual general meeting Monday, 21 May 2007
Warrants posted in Nigeria Tuesday, 22 May 2007
Dividend payment date in South Africa (electronic Friday, 25 May 2007
and certificated register)
On Friday, 25 May 2007, dividends due to certificated shareholders on the South
African registry will either be electronically transferred to shareholders` bank
accounts or, in the absence of suitable mandates, dividend cheques will be
posted to such shareholders.
Shareholders who hold dematerialised shares will have their accounts, at their
Central Securities Depository Participant or broker credited on Friday, 25 May.
Share certificates may not be dematerialised or rematerialised between Friday,
20 April 2007 and Thursday, 26 April 2007 both days inclusive.
The currency conversion at 11:00 South African time on 16 April 2007 was 1 Rand
= Naira 17.965. Accordingly, the dividend of Naira 4.00 per ordinary share
equates to 22.26552 cents per ordinary share.
Shareholders are advised that a withholding tax of 10% is payable by all
shareholders on the dividend. Accordingly the dividend net of withholding tax is
Naira 3.60 (20.03896 cents per ordinary share).
16 April 2007
Deutsche Securities (SA) (Proprietary) Limited
Date: 16/04/2007 13:31:02 Supplied by www.sharenet.co.za
Produced by the JSE SENS Department .