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OANDO PLC - Results of the 36th annual general meeting

Release Date: 29/07/2013 07:05:00      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  resolutions  proposed  in   the   notice  to
shareholders, were unanimously passed at the 36th Annual
General Meeting of the Company held at 10:00a.m Nigerian Time
on Thursday, 25 July 2013:

  1. Dividend Payment
     The shareholders approved payment of 75 kobo (Seventy-
     five Kobo) per share. The dividend will be paid on or
     before the 30th of August 2013 subject to Nigerian
     withholding tax of 10%, where applicable.

  2. Election of members of the audit committee
     The following persons were elected as members of the
     Audit Committee for the 2013 Accounts:

       -   Mr. Oghogho Akpata;
       -   Chief Sena Anthony;
       -   Ammuna Lawan Ali;
       -   Mr. Kabir Babatunde Sarumi;
       -   Mr. Lateef Ayodeji Shonubi; and
       -   Mr. Fidelis Opia Ijoma.

  3. Re-appointment of Auditors
     The Company re-appointed PricewaterhouseCoopers (PWC) as
     its auditors.

  4. Fixing of Auditors? remuneration
     The directors were authorised      to   fix   the   auditors?

  5. Re-election of Directors
     The following directors who retired by rotation, were re-
     elected as Directors of the Company:

       -   HRM Michael Adedotun Gbadebo, CFR,
       -   Mr. Olufemi Adeyemo; and
       -   Chief Sena Anthony.
  6. Approval of the remuneration of non-executive directors
     The remuneration of the non-executive directors of the
     Company were fixed at   Naira (N) 5,000,000.00 per annum
     for the Chairman and Naira(N)4,000,000.00 each per annum
     for all other non-executive directors with effect from 1
     January 2013; which fees are payable quarterly in

29 July 2013

JSE Sponsor
Macquarie First South Capital (Proprietary) Limited

Date: 29/07/2013 07:05:00 Supplied by www.sharenet.co.za                     
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