Oao - Oando Plc - Recommendation Of Dividend - Audited Results For The Full YearRelease Date: 09/06/2009 11:44:01 Code(s): OAO
OAO - Oando Plc - Recommendation of dividend - Audited results for the full year
ended 31December 2008
(Incorporated in Nigeria and registered as an external company in South Africa)
Registration number: RC 6474
(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" or "the Group")
Recommendation of dividend - Audited results for the full year ended 31December
The board will be recommending a final cash dividend of Three Naira (Naira 3.00)
for each ordinary share of 50 kobo each, payable on the Monday, 3 August 2009 to
those shareholders, whose names appear in the Company`s Register of Members
(Nigerian & South Africa) at the close of business on Friday, 3(July, 2009
(2007: Naira 6.00 per ordinary share) for the twelve months to 31(December 2008.
Shareholders are reminded that an interim cash dividend of Three Naira (Naira
3.00) was paid on September 30, 2008. The dividend is subject to the approval of
shareholders at the Annual General Meeting to be held on 30 July 2009.
Currency conversion at 11:00 South African time on Friday, 5 June
Last day for trading to qualify for and participate in the Friday, 26 June
dividend (cum dividend)in South Africa
Trading ex dividend in South Africa commences on Monday, 29 June
Record date in South Africa Friday, 3 July
Record date in Nigeria Friday, 3 July
Register of members and Transfer Books Closed in Nigeria Monday,6 July -
Dividend payment date in Nigeria Monday, 3 August
Dividend payment date in South Africa (electronic and
certificated register) Monday, 3 August
On Monday, 3 August 2009 payment 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 Monday, 3 August
2009. Share certificates may not be dematerialised or rematerialised between
Monday, 29 June 2009 and Friday, 3 July 2009, both days inclusive.
The currency conversion at 11:00 South African time on Friday, 5 June 2009 was 1
Rand = Naira (19.57). Accordingly, the dividend of three Naira (Naira
3.00)(being the balance to be paid) per ordinary share equates to (15.32959)
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
Two Naira Seventy Kobo (Naira 2.70) ((13.79663) cents per ordinary share).
9 June 2009
Deutsche Securities (SA) (Proprietary) Limited
Date: 09/06/2009 11:44:01 Supplied by www.sharenet.co.za
Produced by the JSE SENS Department .
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.