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Result of the Rights Issue of 4,548,236,276 ordinary shares of 50 Kobo each at NGN 12.00 (ZAR 0.6468) per share
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”)
Result of the Rights Issue of 4,548,236,276 ordinary shares of
50 Kobo each at NGN 12.00 (ZAR 0.6468) per share.
Shareholders are referred to the announcements released on the
Stock Exchange News Service (“SENS”) on 21 December 2012, 5
February 2013, 8 February 2013 and 20 February 2013,
respectively, and are advised of the result of the Rights
Issue of 4,548,236,276 ordinary shares of 50 kobo each at NGN
12.00 per share on the basis of two (2) new ordinary shares
for every one (1) ordinary share of 50 kobo each held (the
“Rights Issue”).
1. With respect to the Rights Circular dated Wednesday, 19
December 2012, in respect of the Nigerian shareholders and
the Rights Circular dated Monday, 7 January 2013 in respect
of the South African shareholders, a total of 11,714
acceptances for 4,596,055,622 ordinary shares were received
in connection with the Rights Issue.
2. All 11,714 acceptances were found to be valid under the
terms of the Rights Issue and were accepted and processed
accordingly. The Rights Issue was therefore 101.50%
subscribed.
3. 10,384 shareholders accepted their rights in full totaling
811,023,995 ordinary shares and these were allotted.
4. 1,073 shareholders with provisional allotment of
851,975,512 ordinary shares partially accepted their rights
totaling 144,895,022 ordinary shares and traded 115,061,566
ordinary shares that had been provisionally allotted,
thereby partially renouncing 592,018,924 ordinary shares
5. 257 applications for 605,173,715 ordinary shares were
received in respect of rights traded on the Floor of The
Nigerian Stock Exchange during the Acceptance period
(including the 115,061,566 ordinary shares that were traded
by shareholders with partial acceptances) and were
allotted.
6. A total of 2,395,124,620 ordinary shares were fully
renounced bringing the total number of shares renounced to
2,987,143,544 ordinary shares.
7. Out of the 10,384 shareholders that accepted their rights
in full, 3,537 shareholders applied for additional rights
of 3,034,962,890 ordinary shares, that were allotted out of
the total 2,987,143,544 renounced ordinary shares.
Therefore, the basis of allotment of the Rights Issue is as
follows:
Range No of Request for Units Units Units Units
holders additional % allotted % Cumulative
1 - 1,000 1,564 727,139 0.02% 727,139 100% 727,139
1,001 - 5,000 1,114 2,881,717 0.09% 2,881,717 100% 3,608,856
5,001 - 10,000 359 2,880,304 0.09% 2,880,304 100% 6,489,160
10,001 - 50,000 357 8,464,764 0.28% 8,464,764 100% 14,953,924
50,001 - 100,000 76 6,197,674 0.20% 6,197,674 100% 21,151,598
100,001 - 500,000 49 10,949,432 0.36& 10,949,432 100% 32,101,030
500,001 - 1,000,000 11 8,892,106 0.29% 8,892,106 100% 40,993,136
1,000,01 - 5,000,000 5 7,459,088 0.25% 7,459,088 100% 48,452,224
5,000,01 - 10,000,000 1 5,364,000 0.18% 5,364,000 100% 53,816,224
10,000,001 - above 1 2,981,146,666 98.23% 2,933,327,320 98.40% 2,987,143,544
Grand Total 3,537 3,034,962,890 100% 2,987,143,544
The above stated basis of allotment, as well as this
announcement, were cleared by the Nigerian Securities Exchange
Commission on Friday, 17 May 2013.
For shareholders whose names appear on the register of members
and transfer books of the Company which are maintained in
Nigeria:
- First Registrars Nigeria Limited (“First Registrars”) of
Plot 2, Abebe Village Road, Iganmu, Surulere, Lagos State
will transfer, via electronic means (RTGS), surplus
application monies into the bank account of the affected
shareholder not later than Friday, 24 May, 2013. Excess
cash received under the Rights Issue will be retained in
an interest yielding bank account pending the receipt of
verifiable claims.
- First Registrars will credit the CSCS account of
allottees who have provided their CSCS account details
with the ordinary shares of 50 kobo each allotted not
later than Thursday, 27 June, 2013. Share certificates
will be dispatched in the name of successful allotees
that have not provided the Registrars with their CSCS
account details, through their given addresses, by
registered post, no later than Friday, 07 June, 2013.
For shareholders whose names appear on the Register of Members
and transfer books of the Company which are maintained in
South Africa:
- Return monies will be dispatched from the designated
escrow account (if applicable).
- Shares alloted will be issued and distributed through
Computershare Investor Services (Pty) Limited in
accordance with the relevant laws and practices of the
Republic of South Africa.
Shareholders whose names appear on the register of members and
transfer books of the Company which are maintained in South
Africa will receive the Rights Issue and Excess Rights Issue
shares on or about Friday, 7 June 2013, subject to the receipt
of all requisite regulatory approvals.
South African shareholders will be advised of the final
listing and issue date of the Rights Issue and Excess Rights
Issue shares in due course.
Dated: 21 May 2013
Sandton
Financial Adviser, JSE Transaction Sponsor and JSE Sponsor
Macquarie First South Capital (Proprietary) Limited
Date: 21/05/2013 07:05:00 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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