Wrap Text
RESULTS OF THE 35th ANNUAL GENERAL MEETING
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”)
RESULTS OF THE 35th ANNUAL GENERAL MEETING
The following resolutions proposed in the notice to
shareholders, were unanimously passed at the annual general
meeting of the Company held at Shell Nigeria Hall, The Muson
Centre, 8/9 Marina, Onikan, Lagos State at 10:00, today, 20
June 2012, as follows:
1. Election of members of the audit committee
The following persons were elected as the members of the
Audit Committee for the 2012 Accounts:
Mr. Oghogho Akpata;
Chief Sena Anthony;
Ammuna Lawan Ali;
Alhaji Lateef Ayodeji Shonubi
Mr. Kabir Babatunde Sarumi; and
Mr. Ijoma Fidelis Opia
2. Re-appointment of Auditors
The Company re-appointed PricewaterhouseCoopers (PWC) as
auditors to the Company.
3. Fixing of Auditors’ remuneration
The directors were authorised to fix the auditors’
remuneration.
4. Re-election of Directors
The following directors were re-elected as Directors of
the Company:
Mr. Oghogho Akpata;
Mr. Omamofe Boyo;
Mr. Mobolaji Osunsanya; and
Ms. Nana Appiah-Korang.
5. To elect Directors
The Company elected the following directors, who were
appointed to the Board of Directors of the Company with
effect from 20 October 2011 , as directors. In accordance
with Article 88 of the Articles of Association of the
Company (“the articles”), their terms expire but being
eligible offer themselves for election.
Ammuna Lawan Ali, CFR, and
Engr.Yusuf N’Njie
6. Approval of the remuneration of non-executive directors
The remuneration of the non-executive directors of the
Company remain N2,500,000.00 per annum for the Chairman
and N2,000,000.00 each per annum for all other non-
executive directors with effect from 1 January 2012;
which fees are payable quarterly in arrears.
7. Approval to Increase the Authorised Share Capital of the
Company
i. The Authorized Share Capital of the Company was
increased from Niara 3,000,000,000 (Three Billion Naira)
to Niara 5,000,000,000 (Five Billion Naira) by the
creation and addition, of 4,000,000,000 (Four
Billion) ordinary shares of 50 kobo (Fifty
Kobo) each, such new shares to rank pari passu in
all respect with the existing ordinary shares of the
capital of the Company;
ii. Clause 6 and Article 3 of the Company’s Memorandum
and Articles of Association be are amended to
reflect the new authorized share capital
of Niara 5,000,000,000 divided into 10,000,000,000
ordinary shares of 50 kobo (Fifty Kobo) each.
20 July 2011
Sandton
JSE Sponsor
Macquarie First South Capital (Proprietary) Limited
Date: 20/07/2012 05:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.