Oao - Oando Plc - Proposed Rights Issue - Finalisation Data Announcement Release Date: 22/01/2010 11:22:01 Code(s): OAO
OAO - Oando PLC - Proposed Rights Issue - Finalisation Data Announcement
(Incorporated in Nigeria and registered as an external company in South
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")
The distribution of this announcement, the Rights Issue, and the transfer of
the Rights Issue shares and/or the rights to subscribe for the Rights Issue
shares in jurisdictions other than the Federal Republic of Nigeria or South
Africa may be restricted by law and failure to comply with any of those
restrictions may constitute a violation of the laws of any such jurisdiction.
Neither this announcement, nor any form of instruction, may be regarded as an
offer in any jurisdiction in which it is illegal to make such an offer, and in
particular, is not for distribution in the United States of America,
Australia, United Kingdom, Canada or Japan. In those circumstances, this
announcement is for information purposes only.
It is the responsibility of any person outside the Federal Republic of Nigeria
or South Africa (including, without limitation, nominees, agents and trustees
for such persons) receiving this announcement and wishing to take up rights
under the Rights Issue, to satisfy himself as to full observance of the
applicable laws of any relevant territory, including obtaining any requisite
governmental or other consents, observing any other requisite formalities and
paying any issue, transfer or other taxes due in such territories.
PROPOSED RIGHTS ISSUE - FINALISATION DATA ANNOUNCEMENT
Oando shareholders are referred to the declaration announcement released on
SENS on Tuesday, 19 January 2010 and published in the South African press on
Wednesday, 20 January 2010 relating to the proposed rights issue of 301 694
876 ordinary shares of 50 kobo each at Naira 70.00 per share on the basis of
one (1) new ordinary share for every three (3) ordinary shares of 50 kobo each
held as at the close of business on Friday, 18 December 2009 for those
shareholders in Nigeria whose names appear on the Register of Members and
transfer books of the Company and shareholders in South Africa whose names
appear on the Register of Members and transfer books as at the close of
business on Friday, 29 January 2010, being the Friday prior to the offer
opening date for South African shareholders ("the Rights Issue").
2. Offer price for South African shareholders
Oando shareholders are advised that the currency conversion at 17h00 South
African time on Thursday, 21 January 2010 of ZAR 1 = Naira 20.057. The issue
price per Oando share for South African shareholders in respect of the Rights
Issue is therefore ZAR 3.49.
The Rights Issue circular has been approved by the JSE and has been registered
by the Companies and Intellectual Property Registration Office of South
Africa. The Rights Issue will be implemented in accordance with the timetable
detailed in the SENS announcement referred to above.
4. Circular to South African shareholders
The Rights Issue circular will be posted to the South African shareholders of
Oando on Monday, 1 February 2010 and an electronic version of the Rights Issue
circular will be available on the Company`s website (www.oandoplc.com) from
Friday, 22 January 2010.
22 January 2010
Leading Issuing House
Vetiva Capital Management Limited
Joint Issuing Houses
FCMB Capital Markets Limited
A member of First City Group
Stanbic IBTC Bank plc
A member of the Standard Bank Group
Sponsor to Oando in South Africa
Deutsche Securities (SA) (Proprietary) Limited
Date: 22/01/2010 11:22:01 Supplied by www.sharenet.co.za
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