Oao - Oando Plc - Recommendation Of Bonus Issue Of Ordinary Shares Release Date: 06/05/2010 14:53:01 Code(s): OAO
OAO - Oando PLC - Recommendation of bonus issue of ordinary shares
(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")
Recommendation of bonus issue of ordinary shares
Further to the announcements released on 14 April 2010 and 23 April 2010, the
board will be recommending bonus shares at the rate of one ordinary share of
fifty kobo for every two ordinary shares of fifty kobo each held for the twelve
months to 31 December 2009. The bonus issue is subject to the approval of
shareholders at the Annual General Meeting to be held at 10.00 a.m.(GMT+1) on
Friday, 7 May 2010 and registration by the Securities Exchange Commission.
The salient dates are:
Last day for trading to qualify for and Thursday, 13 May
participate in the bonus issue in South
Trading ex bonus issue in South Africa Friday, 14 May
Transfers between the Nigerian Register and Friday, 14 May and Friday, 20 May,
the South African Register closed both dates inclusive.
Record date in South Africa Thursday, 20 May
Record date in Nigeria Thursday, 20 May
A further announcement advising the dates the bonus issue becomes unconditional
and the accounts with CSDPs and brokers will be credited in South Africa with
bonus shares or issue of new share certificates re the bonus issue posted, will
be released when these dates have been confirmed. Shareholders are advised that
bonus shares cannot be traded until they have been issued.
The allocation of bonus shares will be such that shareholders will not be
allocated a fraction of a bonus share and as such any bonus share giving rise to
a fraction of less than one of a bonus share will be rounded down to the nearest
whole number. This is applicable to investors on both the Nigerian and South
African share register.
6 May 2010
Deutsche Securities (SA) (Proprietary) Limited
Date: 06/05/2010 14:53:01 Supplied by www.sharenet.co.za
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