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Oando Plc - Finalisation Information Regarding The Declared Cash Dividend

Release Date: 27/10/2014 17:48:00      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
ISIN: NGOANDO00002
(?Oando? or the ?Company?)

FINALISATION INFORMATION REGARDING THE DECLARED CASH DIVIDEND

Shareholders are advised that at the 37th Annual General Meeting of Oando held
at 10:00 Nigerian Time on 27 October 2014, shareholders of the Company approved
the declaration and payment of a N0.30kobo (Thirty Kobo) per share dividend to
holders of ordinary shares whose names appear in the Company?s register of
members of Nigeria as at close of business on 30 September 2014 and for members
of South Africa as at close of business on Friday, 14 November 2014. The
dividend will be paid on 17 November 2014, and will be subject to Nigerian
withholding tax of 10%.

Accordingly, the following finalisation information is provided in respect of
the dividend to South African shareholders:

A gross dividend of N0.30kobo (Thirty Kobo) per share has been declared.

A Nigerian withholding tax of 10% is payable on the dividend by all
shareholders. Accordingly the dividend net of withholding tax is N0.27kobo
(Twenty-seven Kobo) per ordinary share.

South African shareholders who are not exempt from South African Dividend
Withholding Tax (?dividend tax?) will be required to pay the 15% dividend tax
less the 10% Nigerian withholding tax making the net dividend payable to those
shareholders of N0.255kobo ([Twenty-five and a half Kobo) per ordinary share.

The issued share capital of Oando at the finalisation date is 8,869,068,738
ordinary shares.

In order to comply with the requirements of Strate the relevant details are as
follows:


Event                                                               Date (2014)
Currency conversion calculated at close of                 Thursday, 30 October
business in South Africa on
Finalisation date of dividend                                Friday, 31 October
Last day to trade cum dividend                               Friday, 7 November
Ordinary shares commence trading ex dividend                Monday, 10 November
Record date (date shareholders recorded in                  Friday, 14 November
books)
Payment date                                                Monday, 17 November

Notes:
1. The above dates and times are based on South African dates and times.
2. It is anticipated that payment due to certificated shareholders on the South
African registry will either be electronically transferred to shareholders`
bank accounts or, in the absence of suitable mandates, dividend cheques will
be posted to such shareholders on or about Monday, 17 November 2014.
3. Shareholders who hold dematerialised shares will have their accounts,
at their Central Securities Depository Participant or broker credited by
Monday, 17 November in respect of the dividend.
4.   Share   certificates  may   not   be   dematerialised   or  rematerialised
between Monday, 10 November 2014 and Friday, 14 November, both days inclusive,
nor may transfers between registers take place during that period.
5. Any amendments to the above dates and times will be published on SENS.


27 October 2014
Sandton

JSE Sponsor
Macquarie First South Capital (Proprietary) Limited

Date: 27/10/2014 05:48:00 Supplied by www.sharenet.co.za                     
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