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POSTING OF RIGHTS ISSUE CIRCULAR
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: OANDO
ISIN: NGOANDO00002
(“Oando” or the “Company”)
The distribution of this announcement, the Rights Issue, and
the transfer of the Rights Issue shares and/or the rights to
subscribe for the Rights Issue shares in jurisdictions other
than the Federal Republic of Nigeria or South Africa may be
restricted by law and failure to comply with any of those
restrictions may constitute a violation of the laws of any
such jurisdiction. Neither this announcement, nor any form of
instruction, may be regarded as an offer in any jurisdiction
in which it is illegal to make such an offer, and in
particular, is not for distribution in the United States of
America, Australia, United Kingdom, Canada or Japan. In those
circumstances, this announcement is for information purposes
only.
It is the responsibility of any person outside the Federal
Republic of Nigeria or South Africa (including, without
limitation, nominees, agents and trustees for such persons)
receiving this announcement and wishing to take up rights
under the Rights Issue, to satisfy himself as to full
observance of the applicable laws of any relevant territory,
including obtaining any requisite governmental or other
consents, observing any other requisite formalities and paying
any issue, transfer or other taxes due in such territories..
POSTING OF RIGHTS ISSUE CIRCULAR
Oando shareholders are referred to the finalisation
announcement released on the Securities Exchnage News Service
(“SENS”) on Friday, 21 December 2012 and published in the
South African press on Thursday, 3 January 2013 relating to
the proposed rights issue of 4,548,236,276 ordinary shares of
50 kobo each at NGN 12.00 (ZAR 0.6468) per share on the basis
of two (2) new ordinary share for every one (1) ordinary share
of 50 kobo each held as at the close of business on Friday, 19
October 2012 for those shareholders in Nigeria whose names
appear on the Register of Members and transfer books of the
Company and shareholders in South Africa whose names appear on
the Register of Members and transfer books as at the close of
business on Friday, 4 January 2013, being the business day
prior to the offer opening date, for South African
shareholders (the “Rights Issue").
South African shareholders are advised that the Rights Issue
circular has been posted to shareholders today, and that an
electronic version of the Rights Issue circular may be
obtained from Oando`s website (www.oandoplc.com).
In addition, hard copies of the Rights Issue circular may be
obtained from Friday, 4 January 2013 to Friday, 6 February
2013 from the Company's transfer secretaries whose address and
contact details are set out below.
Computershare Investor Services (Proprietary) Limited
70 Marshall Street
Johannesburg, 2000
Corporate Actions Department
+27 (0) 11 370 5200
3 January 2013
Sandton
Leading Issuing House
Vetiva Capital Management Limited
Joint Issuing Houses
FBN Capital Limited
FCMB Capital Markets Limited
JSE Sponsor
Macquarie First South Capital (Proprietary) Limited
Date: 03/01/2013 10:10:00 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.
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