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OANDO PLC - Results of the extra-ordinary general meeting

Release Date: 24/06/2013 16:00:00      Code(s): OAO     
Oando PLC
(Incorporated in Nigeria and registered as an external company
in South Africa)
External Registration number: RC 6474
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   following   resolution  proposed   in   the   notice   to
shareholders, was unanimously passed at the the Extra-Ordinary
General Meeting of Oando PLC held at The Incubator, 7/8 Chief
Yusuf Abiodun Road, Oniru, Victoria Island, Lagos, Lagos
State at 10.00 a.m Nigerian Time, today Monday, 24 June 2013:

  1. That on the recommendation of the directors and pursuant
     to Article 7 of the Company?s Articles of Association,
     the shareholders hereby authorise the directors to raise
     additional capital through the issuance of not more than
     2,046,706,324 ordinary shares of 50 kobo each, at
     NGN15.00 per share by way of a Special/Private Placement
     subject to regulatory approvals.

24 June 2013

JSE Sponsor
Macquarie First South Capital (Proprietary) Limited

Date: 24/06/2013 04:00:00 Supplied by www.sharenet.co.za                     
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