Oao - Oando Plc - Correction - Notice Of Annual General Meeting Release Date: 23/04/2010 08:00:09 Code(s): OAO
OAO - Oando Plc - Correction - Notice Of Annual General Meeting
(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")
CORRECTION - NOTICE OF ANNUAL GENERAL MEETING
The announcement released on SENS on 15 April 2010 stated the incorrect date of
20 April 2010 to be on the register for the receipt of bonus shares.
Please see below the resolution with the correct date.
2. Transacting the following special business:
(iii) To consider, and if approved, to pass with or without modification, the
following ordinary resolution:
"Resolved on the recommendation of the directors of the Company and in
accordance with Article 141 of the Articles of Association of the Company a sum
of Naira 301,694,876 out of the balance standing to the credit of General
Reserve as at the year ended 31st December 2009 be capitalized and that the
directors of the Company be and are hereby authorized to appropriate the said
capitalized sum of Naira 301,694,876 to the members holding the shares of the
Company at the close of business on 20 May 2010 in the proportion of 1 ordinary
share of 50 kobo for every 2 ordinary shares of 50 kobo each held by them on
that day on condition that the new capitalised sum of Naira 301,694,876 not be
paid in cash to members holding ordinary shares but applied on their behalf in
paying up in full at par 603,389,752 shares of 50 kobo each now issued to be
allotted, distributed and credited as fully paid up to amongst the said members
in the proportions aforesaid."
23 April 2010
Deutsche Securities (SA) (Proprietary) Limited
Date: 23/04/2010 08:00:09 Supplied by www.sharenet.co.za
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