Oao - Oando Plc - Results Of Annual General Meeting And Confirmation Of DividendRelease Date: 31/07/2009 13:08:01 Code(s): OAO
OAO - Oando Plc - Results of annual general meeting and confirmation of dividend
(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
Results of Annual General Meeting and confirmation of dividend now unconditional
In an announcement dated 9 June 2009, shareholders of Oando were informed that
the board of directors recommended a final cash dividend of Three Naira (Naira
3.00) for each ordinary share of 50 kobo each. The dividend was subject to the
approval of shareholders at the Annual General Meeting convened to be held on 30
July 2009, and is payable to shareholders who were recorded in the registers of
Oando at the close of business on Friday, 3July2009.
Results of Annual General Meeting
All the resolutions proposed at the Annual General Meeting were duly passed by
the requisite majority of shareholders present and voting at the meeting.
The remaining salient dates applicable to the dividend payment are as follows:
Dividend payment date in Nigeria Monday, 3 August 2009
Dividend payment date in South Africa (electronic Monday, 3 August 2009
and certificated register)
On Monday, 3 August 2009, 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 Monday, 3 August
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
Shareholders are advised that a withholding tax of 10% on the dividend is
payable by all shareholders. Accordingly the dividend net of withholding tax is
Two Naira Seventy Kobo (Naira 2.70) (13.79663 cents) per ordinary share.
31 July 2009
Deutsche Securities (SA) (Proprietary) Limited
Date: 31/07/2009 13:08:01 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.