OANDO PLC - Federal High Courts adjournment of hearing on date to file its scheme of arrangement document

Federal High Court’s adjournment of hearing on date to file its scheme of arrangement document

 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)
 Share Code on the JSE Limited: OAO                                            OANDO PLC
 Share Code on the Nigerian Stock Exchange: UNTP
 ISIN: NGOANDO00002
 (“Oando” or the “Company”)




OANDO PLC ANNOUNCES FEDERAL HIGH COURT’S ADJOURNMENT OF HEARING ON DATE TO
FILE ITS SCHEME OF ARRANGEMENT DOCUMENT


Lagos, Nigeria – Oando PLC (referred to as “Oando” or the “Company”), Nigeria’s leading indigenous
energy group listed on both the Nigerian Exchange Limited (NGX) and Johannesburg Stock Exchange
(JSE), hereby refers to the press statement issued on November 2, 2022, titled ‘Oando PLC Announces
Federal High Court’s Extension Of Time To File Its Scheme Of Arrangement Document’,(the “Press
Release”).


Kindly note that the Federal High Court, Lagos Division (the “Court”) did not sit on the last adjourned date
of January 26, 2023, previously communicated in the Press Release, due to the unavoidable absence of
the presiding Judge. This matter has now been adjourned to March 30, 2023 for report of compliance with
the Court’s order dated June 7, 2022, directing the Company to file its Scheme of Arrangement document
(the “Scheme Document”) with the Securities and Exchange Commission (SEC) and the NGX, among other
orders.


Click here to read more about the Petition -
https://doclib.ngxgroup.com/Financial_NewsDocs/37186_OANDO_PLC%20OANDO_PLC__CORPORAT
E_ACTIONS_NOVEMBER_2022p.pdf


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
For Oando PLC


Ayotola Jagun
Chief Compliance Officer & Company Secretary
Lagos
17 February 2023

JSE Sponsor to Oando:  Questco Corporate Advisory

Date: 17-02-2023 02:05:00
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