OANDO PLC - Update on the Publication of the Audited Financial Statement of Oando PLC

Update on the Publication of the Audited Financial Statement of Oando PLC

 Oando PLC
 (Incorporated in Nigeria and registered as an external
 company in South Africa)
 Registration number: RC 6474
 (External company registration number 2005/038824/10)
                                                                                OANDO PLC
 Share Code on the JSE Limited: OAO
 Share Code on the Nigerian Stock Exchange: UNTP
 ISIN: NGOANDO00002
 (“Oando” or the “Company”)


Update on the Publication of the Audited Financial Statement of Oando PLC

Oando PLC (“Oando” or the “Company”) announces that the Company’s Audited Financial Statement for
the year ended 31st December 2019 (“2019 AFS”) are yet to be finalised and will not be in a position to file
the 2019 AFS before end of Q1 2022 as earlier communicated in our press release of February 3, 2022.
The audit is taking longer than expected due to the mandatory audit of post balance sheet events that have
occurred subsequent to the 2019 reporting period. We hereby confirm that the 2019 audit is in the
finalization stage. We envisage that the board of directors will be able to approve the 2019 AFS on or before
April 30, 2022. Following the approval, management and the auditors will approach the Financial Reporting
Council for final approval and release of the financial statements.
Tentative dates for the release of other outstanding accounts such as 2020 AFS and the unaudited financial
accounts for Q1-Q4 2021 are as follows:


     Tentative dates                                  Accounts to be released
 1   May 3, 2022                                      2020 Unaudited Financial Statements
 2   July 31, 2022                                    2020 Audited Financial Statements
 3   August 5, 2022                                   2021 Unaudited Financial Statements
 4   October 31, 2022                                 2021 Audited Financial Statements


The Company sincerely apologises for any inconvenience caused as concerted efforts are being made to
finalise the accounts with the external auditors and to ensure that the Company is in full compliance with
its regulatory requirements. The Company will continue to comply with other continuous disclosure
requirements within the time prescribed by applicable regulations.


For further information, please contact:


Ayotola Jagun
Company Secretary
The Wings Office Complex
17a Ozumba Mbadiwe Avenue Victoria Island,
Lagos, Nigeria.
Tel: +234 (1) 270400, Ext 6159
ajagun@oandoplc.com
Alero Balogun
Head, Corporate Communications
The Wings Office Complex, 17a Ozumba Mbadiwe Avenue Victoria Island,
Lagos, Nigeria.
Tel: +234 (1) 270400, ext. 6761
albalogun@oandoplc.com


For Oando PLC



Ayotola Jagun
Chief Compliance Officer & Company Secretary

Lagos
30 March 2022

JSE Sponsor to Oando
Questco Corporate Advisory Proprietary Limited




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Date: 30-03-2022 07:05:00
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